§ 26.10.060. Utility profits.

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Utilities owned by the municipality (municipal light and power, and the municipal water and wastewater utility) shall be operated in such a manner as to provide a reasonable profit in accordance with applicable regulations of the state public utilities commission pursuant to AS 42.05 et seq., or other commission or board under applicable regulatory provisions and law. Surplus revenues from the operation of municipally owned utilities may be reinvested in the utility and, where prudent fiscal management permits, may be distributed as set forth in section 26.10.065.

(AO No. 85-200; AO No. 89-51(S-3); AO No. 91-142(S-1); AO No. 2015-23(S) , § 23, 3-24-15)

                    
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