Plain English Breakdown
Checked against official source text during the last sync.
Regulatory Commission of Alaska: Chair Term and Member Qualifications
This act changes the term length for the chair of the Regulatory Commission of Alaska to one year with a limit of three consecutive terms, and sets new qualifications for commission members.
What This Bill Does
- Changes the term as chair to one year with a limit of three successive terms. After serving three consecutive terms, there must be at least one year without serving as chair before being eligible again.
- Requires that at least one member of the Regulatory Commission of Alaska lives in a rural community served by an electric utility receiving power cost equalization under certain laws.
- Sets new qualifications for commissioners: they must either be a lawyer with five years' experience, a professional engineer registered in Alaska, or have a degree and five years' work experience in finance, economics, accounting, business administration, or public administration.
Who It Names or Affects
- The Regulatory Commission of Alaska
- Current and future members of the commission
Terms To Know
- Regulatory Commission of Alaska (RCA)
- A state agency that oversees certain industries in Alaska.
- Power cost equalization
- A program that helps rural Alaskan communities with high electricity costs by providing financial assistance to electric utilities.
Limits and Unknowns
- The bill does not specify an effective date.
- It is unclear how existing members will transition under the new qualifications.