
Calvin Schrage
77:34 - 78:07
"This brings us back to where we were prior to that amendment, reenacts the status quo, and again provides additional protection for ratepayers from unnecessary costs being passed on to them, and I think it's a step in the right direction."
“This brings us back to where we were prior to that amendment, reenacts the status quo, and again provides additional protection for ratepayers from unnecessary costs being passed on to them, and I think it's a step in the right direction.”
We have heard from RCA commissioners on the record that when that repeal was enacted, it has caused confusion in rate cases and posed, frankly, a litigation risk. This brings us back to where we were prior to that amendment, reenacts the status quo, and again provides additional protection for ratepayers from unnecessary costs being passed on to them, and I think it's a step in the right direction. So I would ask for committee members' support. I'm seated. Sorry.
Alaska House Finance Committee voted 6-5 Tuesday to direct the Regulatory Commission of Alaska not to approve contracts that pass Alaska LNG cost overruns to ratepayers. The developer confirmed support for the protection.
