Alaska § 42.45.065 - Reimbursement for costs of power projects.
Full text of Alaska Alaska Statutes § 42.45.065 — Reimbursement for costs of power projects., with citation guidance and answers to common questions.
§ 42.45.065. Reimbursement for costs of power projects.
(a) Subject to appropriations for the purpose, during each fiscal year, the authority shall allocate to each entity listed in (b) of this section an amount to reimburse the cost paid by the entity during the immediately preceding fiscal year for the principal and interest on outstanding debt for the project listed. An allocation may be made to an entity only if (1) the debt was incurred before July 1, 2005; and
(2) the power project financed with the debt proceeds is owned and operated by the entity.
(b) The authority may make an allocation to an entity under (a) of this section only for reimbursement of costs incurred for construction and renovation of the following power projects and only for reimbursement of total project costs incurred up to the following amounts:
PROJECT Kodiak Electric Association, Inc. (Nyman Combined $ 6,000,000 Cycle Cogeneration Plant) Cordova Electric Cooperative (Power Creek Hydropower 12,000,000 Station) Golden Valley Electric Association (Rock Creek line 700,000 extension) Copper Valley Electric Association, Inc., Valdez 10,000,000 (cogeneration projects) The Four Dam Pool Power Agency (Southeast Intertie, 20,000,000 Swan Lake to Tyee Lake) Metlakatla Power and Light (utility plant and capital 3,000,000 additions)
Article 2. Power Cost Equalization Endowment Fund.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 42.45.065
What does Alaska Statutes § 42.45.065 cover?
Section 42.45.065 ("Reimbursement for costs of power projects.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 42.45.065?
A common citation format is "Alaska Statutes § 42.45.065" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 42.45.065 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.