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(a) The authority is entitled to reimbursement if an eligible electric utility, or its electric utility customers, have received power cost equalization payments to which they were not entitled.
(b) Grounds for reimbursement include
(1) an interim or permanent power cost equalization reduction ordered by the commission;
(2) a reduction of power cost equalization resulting from an adjustment to fuel or other eligible costs ordered by the commission;
(3) payment disbursed in error or based on an erroneous or undocumented monthly report.
(c) An adjustment in the power cost equalization amount per kilowatt hour in (b)(1) and (b)(2) of this section is retroactive to the effective date of its determination by the commission.
(d) The authority will recover any overpayment under this section by reducing the future power cost equalization payments to be disbursed or by demanding repayment from the participating utility, whichever method the authority determines is appropriate.
History: Eff. 2/16/96, Register 137
Authority: AS 42.45.100
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Last modified 7/05/2006