Power Cost Equalization Endowment Fund
The Alaska Legislature created the Power Cost Equalization (PCE) Endowment Fund under AS 42.45.070. The PCE Endowment Fund is established as a separate fund of the Alaska Energy Authority, a component unit of the State of Alaska. The purpose of the PCE Endowment Fund is to provide for a long-term, stable financing source for power cost equalization which provides affordable levels of electric utility costs in otherwise high-cost service areas of the state.
Current Fiscal Year
The list below contains the following report types:
Interim Financial Schedules: Shows investment value and earnings by asset class at month end and fiscal year to date
Financial Schedules
See our Power Cost Equalization Fund Archives page for more documents.
Management of the PCE fund was transferred to the Alaska Permanent Fund Corporation (APFC) as of July 3rd, 2023.
Performance Results
& Market Values
| Fiscal Year | Market Value | Return % |
| 2023 | $946,862,400 | 9.59% |
| 2022 | $967,415,665 | -12.86% |
| 2021 | $1,149,165,449 | 14.43% |
| 2020 | $1,078,156,859 | 4.64% |
| 2019 | $1,072,825,381 | 7.28% |
| 2018 | $1,073,378,412 | 7.53% |
| 2017 | $1,023,565,664 | 12.21% |
| 2016 | $946,938,059 | 0.99% |
| 2015 | $969,389,431 | 3.50% |
| 2014 | $977,867,367 | 20.72% |
| 2013 | $840,214,875 | 15.12% |
| 2012 | $751,780,453 | 1.67% |
| 2011 | $364,529,375 | 21.80% |