Power Cost Equalization Not Funded As Of July 1, 2021
On June 28, 2021, the Alaska House of Representatives voted to approve the July 1, 2021, effective date for the Fiscal Year 2022 Budget. This action in the house did not address the reverse sweep, which has failed both the House and Senate. The reverse sweep is required in order to continue funding the Power Cost Equalization (PCE) program past July 1, 2021. This will have a significant negative effect on your electric bill until the program funding is restored.
PCE, established in 1985 is a mechanism to provide equitable electric rates to rural Alaskans. In 2000, the established endowment is to provide program funding without affecting the States general funds.
Our representation in Juneau, Speaker Edgmon, and Senator Hoffman are working to restore funding. The NEA Board would encourage all of our members to support their efforts. Sample support letters are on our PCE Program page along with email addresses for both Speaker Edgmon and Senator Hoffman.
The PCE discount may not be applied to your monthly electric usage starting as soon as July 1, 2021. There has been no update from the Alaska Energy Authority (AEA) regarding the PCE and the plan of action after the July 1, 2021, effective date of the Fiscal Year 2022 budget.