Juneau might lose its ability to say that its electricity is created entirely by renewable hydropower if the Alaska Industrial Development and Export Authority, or AIDEA, prevails in a lawsuit over the ownership and sale of renewable energy credits created by the Snettisham Hydroelectric Project, which currently supplies two-thirds of Juneau’s electricity.
Renewable energy credits, known as RECs, are much like carbon credits. Utilities that burn fossil fuels can buy them to say they’re powered by renewable energy, allowing them to claim carbon emissions reductions.
But, once sold, the utility that generates the renewable power — in this case Alaska Electric Light & Power, or AEL&P — could no longer claim it produces entirely renewable energy. The City & Borough of Juneau, along with businesses and nonprofits that…
