An Act relating to large energy use facilities; relating to electric and gas utilities; relating to community benefit agreements with municipalities; and relating to the duties of the Regulatory Commission of Alaska.

HB 259 requires electric and gas utilities in Alaska to enter into 12-year contracts with large energy users (like industrial facilities or data centers), mandating specific terms for service and cost allocation. Contracts must specify minimum annual purchase amounts (at least 80% after any initial ramp-up period), include exit fees if facilities terminate early, and directly assign infrastructure costs for facilities to the large energy user. The bill prohibits utilities from passing these facility-specific costs to other ratepayers and requires the Regulatory Commission to review all contracts for compliance. These provisions aim to ensure fair cost allocation while preventing utilities from increasing risks to broader energy supply systems.