An Act relating to energy; relating to regulation of residential solar energy generation and portable solar generation devices; relating to generation of electricity from diversified energy resources; relating to a diversified portfolio standard; relating to costs incurred by certain electric utilities for renewable energy and battery energy storage; relating to preapproval for large energy facilities; relating to the renewable energy grant fund; relating to the duties of the Department of Environmental Conservation; relating to the state energy policy; and providing for an effective date.

This bill makes significant changes to Alaska’s energy policy, aiming to increase energy efficiency, diversify the state’s energy sources, and reduce electricity costs. It establishes a 15% increase in energy efficiency by 2036 and a 40% reliance on diversified energy sources by the same year. The bill also addresses residential solar generation, portable solar devices, and costs for electric utilities related to renewable energy and battery storage, while streamlining the preapproval process for large energy facilities and establishing a renewable energy grant fund. Finally, it updates the Department of Environmental Conservation’s duties and incorporates a diversified portfolio standard.