Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 13 - Alaska Industrial Development and Export Authority › Chapter 101 - Sustainable Energy Transmission and Supply Development Program › 3 AAC 101.070 - Full application

Current through May 31, 2024
A full application for financing under the SETS program and
				  fund must be submitted to the authority on the form the authority has approved.
				  The authority may require the applicant to include with the completed full
				  application form any or all of the following:
(1) a letter of transmittal;
(2) current balance sheet and profit and loss
				statement for the applicant, not more than 90 days old; a fiscal-year balance
				sheet and profit and loss statement for the prior three years of operation of
				the applicant; current balance sheet and federal income tax return for the
				prior two years for any proposed guarantors and co-borrowers;
(3) copies of the applicant's federal income
				tax returns for the prior three years;
(4) a statement of all outstanding
				indebtedness of the applicant;
(5)
				proof of ownership of land on which the qualified energy development is to be
				sited, or a copy of the lease or other real property documents for the land
				related to the qualified energy development;
(6) a detailed description of the qualified
				energy development, including detailed legal description of all real property
				and detailed specifications for all tangible personal property that will be
				part of the qualified energy development;
(7) a detailed estimate of the cost of
				construction, improvement, rehabilitation, or expansion of the qualified energy
				development;
(8) an estimate of
				number of construction and permanent jobs to be created or retained by the
				qualified energy development;
(9) a
				copy of any pre-existing appraisals estimating the value of the real property
				where the qualified energy development is located;
(10) a financial feasibility analysis in a
				form and with a level of detail satisfactory to the authority;
(11) an environmental risk assessment
				satisfactory to the authority, followed by an environmental audit at the level
				specified by the authority, if required by the authority;
(12) a detailed development schedule, to
				include site selection, geotechnical investigation, route selection (for
				transmission lines), schedule for and status of processes under
				42 U.S.C.
				4321 -
				4347 (National Environmental
				Policy Act of 1969) ("NEPA"), status of project permits, including wetlands,
				wildlife impacts, and archeological data; the full application must include a
				discussion of whether NEPA requires an environmental impact statement or
				environmental assessment, and schedule for any level of NEPA activities and
				issuance of a record of decision;
(13) for any qualified energy development
				meant to produce power for sale into an existing public utility transmission or
				distribution grid, an agreement or the terms for an off-take agreement in the
				form of a power supply or power purchase agreement that the applicant
				reasonably expects to obtain must be provided for review;
(14) for any qualified development intending
				to produce power generation or transmission that is to be connected to a public
				utility network that is regulated by the Regulatory Commission of Alaska, the
				applicant shall provide documents and a discussion regarding the anticipated
				regulatory approval approach, any applicable regulatory filings, and whether
				any existing utilities have indicated support;
(15) if transmission facilities are required
				to bring produced power to consumers, a transmission plan and any supporting
				documents must be provided, including a description of the way the qualified
				energy development will be interconnected with existing power transmission
				infrastructure;
(16) a public
				benefit statement enumerating the community and statewide benefits that the
				proposed qualified energy development will create, which may include
(A) construction and permanent job
				creation;
(B) improvement of
				environment;
(C) reduction in flow
				of money out of communities;
(D)
				economic development; and
(E)
				attraction of job creating industries to communities or regions;