(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; AO No. 2026-15, prop. 10, 1-27-2026)
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. 
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)