Alaska Governor Sean Parnell signed two bills last week that establish a statewide energy policy (S.B. 220) to stimulate the state’s economy by attracting renewable energy investment. The Alaska Sustainable Energy Act establishes a $250 million Energy Efficiency Revolving Loan Fund to give school districts, state and local governments and the University of Alaska system access to low-interest loans to achieve energy savings. A provision to create a renewable energy production tax credit was removed from the bill but may be revisited next year. Read More…
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