SR 1 — Establishing a Senate Special Committee on the Railbelt Electric System.

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00EnrolledSENATE SRRESOLUTION 1NO. 01 Establishing a Senate Special Committee on the Railbelt Electric System.

021 _______________01 03Establishing BEa ITSenate RESOLVEDSpecial BYCommittee THEon SENATE:the Railbelt Electric System.

0402 WHEREASBE theIT RailbeltRESOLVED electricBY systemTHE isSENATE: a system of six interconnected utilities 05 providing generation, transmission, and delivery of electricity throughout the Railbelt 06 corridor, spanning from Fairbanks in the north, to the Matanuska and Susitna valleys and 07 Anchorage, and south through the Kenai Peninsula to Kenai, Homer, and Seward;

and03 08 WHEREAS the utilitiesRailbelt inelectric thesystem Railbeltis electrica system cumulativelyof servesix moreinterconnected thanutilities 0904 565,000providing residentsgeneration, transmission, and delivery of electricity throughout the stateRailbelt who05 dependcorridor, onspanning reliable,from safe,Fairbanks andin economicthe servicenorth, forto 10the residential,Matanuska business,and Susitna valleys and industrial06 uses;Anchorage, and south through the Kenai Peninsula to Kenai, Homer, and Seward;

and 1107 WHEREAS multiplethe studiesutilities havein foundthe substantialRailbelt potentialelectric forsystem improvingcumulatively reliabilityserve 12more andthan security08 and565,000 providingresidents economicof savingsthe tostate ratewho payersdepend shouldon thereliable, utilitiessafe, inand theeconomic Railbeltservice 13for electric09 systemresidential, workbusiness, cooperatively and formallyindustrial towarduses; those goals;

and 1410 WHEREAS itmultiple isstudies anticipatedhave thatfound thesubstantial Regulatorypotential Commissionfor ofimproving Alaskareliability will11 issueand asecurity 15and reportproviding identifyingeconomic asavings frameworkto forrate payers should the utilities in the Railbelt 12 electric system to work 16 cooperatively toward the goals of improving reliability and securityformally andtoward providingthose economicgoals; 17 savings to rate payers, including recommendations for legislative action;

and 13 WHEREAS it is anticipated that the Regulatory Commission of Alaska will issue a 14 report identifying a framework for the utilities in the Railbelt electric system to work 15 cooperatively toward the goals of improving reliability and security and providing economic 16 savings to rate payers, including recommendations for legislative action;