AK HB153

Establishes a renewable portfolio standard requiring load-serving entities to generate 40% of electricity from renewable energy resources by December 31, 2030, and 55% by December 31, 2035

Provides compliance incentives including a 1.25x multiplier for wind projects over 100 megawatts operational before January 1, 2033, and a 2.0x multiplier for distributed energy systems

Imposes a $45 per megawatt hour noncompliance fine (adjusted annually for inflation) on utilities that fail to meet the standard, with waivers available for circumstances outside the utility's control such as natural disasters or acts of war

Defines renewable energy resources to include solar, wind, hydropower, geothermal, and waste-to-energy systems, while excluding petroleum, nuclear, natural gas, and coal

Takes effect July 1, 2025, and exempts renewable energy projects helping utilities meet the standard from commission preapproval requirements through December 31, 2030