AK HB369

Establishes a diversified portfolio standard requiring load-serving entities connected to electric reliability organizations to generate 40% of electricity from diversified energy resources by December 31, 2036

Exempts portable solar devices up to 1,200 watts from utility interconnection and net metering requirements, prohibiting utilities from charging fees or requiring approval for compliant devices

Defines "diversified energy resources" to include renewables, nuclear energy, and natural gas from North Slope pipelines (north of 68°N latitude) when acquired at stable prices below renewable costs

Creates tradeable diversified portfolio credits with multipliers: 1.5x for large wind projects (100+ MW) operational before 2033, 2.0x for distributed energy systems, and 0.8x for energy storage systems

Sets legislative intent for 15% per capita energy efficiency increase by 2036 and reducing average electricity costs to the national average by 2040, with effective date of July 1, 2026