(a) 
Each municipal utility shall be operated in accordance with the general standards common to utilities providing the same utility service.
(b) 
Each municipal utility shall have a separate budget within the annual municipal budget. The accounts of the utilities shall be separately kept and classified in accordance with uniform accounting standards generally prescribed for public utilities providing the same utility service.
(c) 
The assembly shall prescribe rules and procedures for the operation and management of municipal utilities.
(d) 
This section shall not apply to the Anchorage Telephone Utility.
(Initiative, prop. 32, 10-1-1991)
The municipality may sell, lease, or otherwise dispose of a municipal utility only pursuant to an ordinance or initiative proposition approved by three-fifths of the qualified voters voting on the question. If the disposal of the utility is by ordinance, the municipality may dispose of a municipal utility only to the highest responsive bid received by the municipality from a responsible bidder to a competitive procurement. The assembly shall provide for such competitive bidding by ordinance, and shall provide a description of the factors that will be considered in evaluation of the bids, including the relative weight of price and other evaluation factors.
(Initiative, prop. 10, 10-1-1991)
[1]
Editor’s Notes – There are Charter Commission Commentary notes on this section. Said Commentary is included as an attachment to this title.
(a) 
The Anchorage Telephone Utility shall be governed by a board of directors consisting of five members. Directors shall serve for staggered terms of five years and are appointed to office by the assembly upon nomination by the mayor or by a member of the assembly and after a public hearing. Exercise of the power of the veto by the mayor shall not extend to actions of the assembly with respect to appointment of directors. In connection with the operation and management of the utility, the board may exercise any power unless provided otherwise in this section, article II of the Charter, or prohibited by state law. Any director may be removed at any time upon a vote of at least eight members of the assembly, or a vote of at least six members of the assembly and concurrence of the mayor given within seven days after the assembly's action.
(b) 
The utility shall be operated and compete in accordance with prevailing industry practices and in a manner which will provide a dividend to the municipality.
(c) 
The board of directors may incur debt for the utility and may exercise the power of eminent domain on its behalf only with prior approval of the assembly. The assembly by ordinance shall determine the extent to which it will approve the rates, fees and charges imposed by the utility. The assembly may annually appropriate to the general fund any amount of utility revenues in excess of that required to discharge the utility's service obligations, meet its approved capital improvement program, and maintain financial integrity.
(d) 
The Anchorage Telephone Utility and its board of directors shall be subject to the authority of the municipal ombudsman as provided by ordinance.
(e) 
The compensation for the Anchorage Telephone Utility board of directors shall be determined by the commission on salaries and emoluments in the same manner as provided for elected officials in section 5.08(c) and section 5.08(d) of this Charter.
(f) 
The Anchorage Telephone Utility shall operate on the same fiscal year as the Municipality of Anchorage, and shall submit its budget to the mayor on the same schedule as that required of other municipal utilities. The assembly shall have final approval of the utility budget.
(g) 
In addition to any amounts the assembly may appropriate pursuant to subsection (c) of this section, the Anchorage Telephone Utility shall pay a municipal utility service assessment if established by the Anchorage Assembly by ordinance.
(h) 
Only the provisions of this section, section 16.02 and article II of this Charter, and state law applicable to home rule municipalities shall apply to the utility. The assembly, by ordinance, shall implement this section to provide for the independent management and operation of the utility consistent with this section. Exercise of the power of veto by the mayor shall not extend to enactment of legislation by the assembly required by this subsection.
(Initiative, prop. 32, 10-1-1991)
[1]
Editor’s Notes – There are Charter Commission Commentary notes on this section. Said Commentary is included as an attachment to this title.
A. 
ML&P to Chugach Electric. In addition to the disposal options provided under section 16.02, and notwithstanding any other provision of this Charter to the contrary, the municipality may by ordinance approved no later than December 31, 2018, sell, lease, or otherwise dispose of all or part of the assets and business of Municipal Light and Power to Chugach Electric Association, Inc.
B. 
Disposition of proceeds. Notwithstanding any provision of this Charter to the contrary, a portion of any annual payment received by the municipality in a transaction described in section 16.04A, equivalent to the municipal utility service assessment that the municipality would have received from ML&P had the transaction not occurred, shall be deemed and treated as a "payment in-lieu of taxes" for the purposes of section 14.03(a)(1), and shall be available to the municipality for appropriation. All other proceeds of the sale of ML&P received by the municipality shall be disposed of in accordance with section 13.11.
(AO No. 2018-1(S), prop. 10, 4-3-2018)