HomeMy WebLinkAboutRes 2019-05-FY21 Capital Budget Request Resolution Signed
AEA Resolution No. 2019-05 FY21 Capital Budget Request
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ALASKA ENERGY AUTHORITY
RESOLUTION NO. 2019-05
RESOLUTION OF THE ALASKA ENERGY AUTHORITY RELATING TO THE FISCAL YEAR
2021 PROPOSED CAPITAL BUDGET - CAPITAL BUDGET REQUEST
WHEREAS, the Alaska Energy Authority (Authority) is an independent corporation governed by a
board of directors with the mission “to reduce the cost of energy in Alaska” the Authority is the state’s energy
office and lead agency for statewide energy policy and program development;
WHEREAS, the Authority builds modern and code-compliant bulk fuel tank farms and rural
powerhouse systems, upgrades to high-efficiency generators, and integrates renewable energy projects, the
Authority emphasizes community-based management. The Authorities core programs work is to diversify
Alaska’s energy portfolio, lead energy planning and policy, invest in Alaska’s energy infrastructure and
provide rural Alaska with technical and community assistance;
WHEREAS, the Authority partners with the federal government. The partnership requires a leverage
of 50/50% match or 80/20% for distressed communities. This arrangement benefits the Authority with an
average of 2-1 leverage of federal receipts;
WHEREAS, the Authority’s bulk fuel tank farm upgrade program replaces aging tanks that may be
leaking, adds capacity to meet community needs, and meets code compliance standards. This significantly
improves the life, health, and safety of communities;
WHEREAS, the Rural Power Systems Upgrades program administered by the Authority provides
electric utility systems, which are part of the basic infrastructure of rural communities. New power systems
are designed to meet accepted utility standards for safety, reliability, and environmental protections;
WHEREAS, the Electrical Emergency Response project administered by the Authority is critical to
rural communities - providing technical support when an electrical utility has lost, or will lose the ability to
generate or transmit power; and