Committee adopts amendment to fully fund Power Cost Equalization, backfilling community assistance The House Finance Committee voted to adopt Amendment 17 to fully fund the Power Cost Equalization program for FY27 and to ensure the Community Assistance Fund receives $20 million via a mix of PCE excess earnings and a general‑fund backfill to avoid proration of PCE payments.

The House Finance Committee has narrowly adopted an amendment to fully fund the Power Cost Equalization program, ensuring vital support for rural households amidst rising fuel costs.

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#AK #AlaskaRural #CommunityAssistance #CitizenPortal #EnergySupport #FiscalResponsibility

AEA updates committee on Renewable Energy Fund round, SEPA funding oversight and rural bulk-fuel awards AEA briefed the committee on REF Round 17/18 (29 applicants in round 18), an SEPA application that was adjusted from a $4M to $2M recommendation because of cost-area rules, and a separate EPA $100M award (with $50M sub-awarded to AEA/AVEC) targeted to vulnerable bulk-fuel facilities.

Alaska's Renewable Energy Fund is transforming rural communities with $333 million in investments and the potential to create thousands of jobs while reducing diesel fuel dependency.

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#AK #AlaskaRural #CitizenPortal #JobCreation #InfrastructureDevelopment #RenewableEnergy