Senate Majority Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

January 4, 2024

 

Dear Friends and Neighbors,



As the start of the next Legislative session approaches, there is lots of speculation about priorities, potential accomplishments and more.

 

The Senate Bipartisan Majority Caucus identified priorities last year as: Education funding catch-up on inflation losses, return to Defined Benefit Pension, Balanced Budget with no spending from savings, and take steps to reduce the cost of energy.

 

The Bipartisan Caucus is made up of 17 of the 20 State Senators. We are diverse. We are also resolved to get the work done that Alaskans sent us to do.

 

What are those things Alaskans identify?: I get constant expressions of concern about our public education system, adequate funding and a strong corp of teaching staff. Snow removal and open transportation corridors is a common request. Many people in my district are public employees that recognize that the Defined Contribution (401-K type) plan is not earning enough to retire on with even a minimal standard of living. The cost of energy will be making a pretty big jump in the near future as natural gas in the Cook Inlet basin fails to meet demand.

 

My personal goals are:

·     move the Defined Benefit Pension bill (SB 88) across the finish line for teachers, police, firefighters, snow plow operators, accountants, attorneys, janitors, etc that work for us in state and local government jobs every day

·     define and fund a modernized, upgraded electric transmission grid

·     establish a food stamp program structure and application process that is simple, workable

·     prioritize increasing access to home care and mental health services

·     rein in the over-riding control of pharmacy benefit managers on the cost of pharmaceuticals

All 5 of these goals are heavy lifts. I have a great staff of 4 women who will help me accomplish these goals. Alaskans are the powerful voices that accomplish policy changes. They stand with me on each of the goals and many more.

 

This newsletter will keep you informed about progress on the Bipartisan Caucus goals and my personal goals. The newsletter goes way beyond that limited list and I hope to keep you aware and knowledgeable about the wide variety of work being done.

 

Please pass this newsletter on to anyone who's interested. There's a quick link to sign up to receive it every Thursday morning.

 

Happy New 2024!

 

Items in this Newsletter:

·     Anchorage Snowfall History

·     Alaska Economic Trends January Issue

·     ALPAR Holiday Tree Recycling

·     Current Topics: Education, Economy, Minerals, Health Care, Politics

·     Resource Values, Permanent Fund

·     Alaska History

Current Topics

Quote of the day. Axios

"This notion that for climate action to happen everyone needs to be convinced that climate change is a big problem — and the leaders in power also need to believe it — just doesn't seem to be true when you look at the data."

— Energy and climate data wiz Hannah Ritchie to the NYT, noting strong growth of renewables in red states.

 

1 fun thing: Stuff we drop for New Year's. Axios

My Comment: Hilarious!

 

Alaska State Parks rescinds 2024 fee increase for further review. ADN

 

Beaver ponds may exacerbate warming in Arctic, scientists say. The Guardian

Were the waddling rodents making minor inroads, researchers may never have noticed. But the animals are pouring in, pushing north into new territories. The total number of animals is far from clear, but the ponds they create are hard to miss: in the Arctic tundra of Alaska alone, the number of beaver ponds on streams have doubled to at least 12,000 in the past 20 years. More lodges are dotted along lakes and river banks.

 

Education

Iñupiaq immersion program’s revival in Utqiagvik sparks plans for growth ADN

(My Comment: I’m a big fan of this multilingual program!)

 

Energy

Alaska's electric grid transformation is great for jobs. ADN

Improved transmission is part of a broader effort to secure Alaska’s energy future.

(My comment- I agree! We have to get a handle on the high cost of energy. Alaskan families, businesses and communities can’t go forward with the ever increasing cost of energy. It’s time for the State to provide upgrade and modernization of our transmission grid that will allow utilities and independent power producers equal access. )

 

 

Economy

Mapped: Homeowner age rises. Axios

Alaska is the only state where homeowners are getting younger. The majority of Alaskans owned a home by 35 in 2021, compared to 36 in 2000.

 

'Trends' report: Once of the nation's best, Alaska's teacher pay slips far behind historic levels. Raven Radio

Teacher salaries in Alaska are slightly ahead of the national average, but significantly behind the cost of living in the state. New data from the Alaska Department of Labor indicate that other states have been quicker to adjust the salaries of educators to compensate for higher costs, while Alaska – at one time the most attractive state for teachers to work – has fallen further behind.

 

Workers could win again this year. Axios

 

It's past time to reimagine Anchorage's Heritage Land Bank. ADN

(My comment-Heritage Land Bank is like the Federal government. It controls a large amount of land in Girdwood, yet has no local community representation on the board and has had vacancies in leadership. I agree with this suggested improvement in HLB’s composition.) 

 

 

Fisheries

Analysis of the Northwest, other salmon hatcheries finds nearly all hurt wild salmon populations. Alaska Beacon

An analysis of more than 200 studies on hatcheries programs meant to boost salmonid numbers across the globe – including salmon, trout and whitefish – shows that nearly all have had negative impacts on the wild populations of those fish. Most commonly, hatchery fish reduced the genetic diversity of wild fish, leading to poor health and reproductive outcomes.

 

 

Politics

How a new way to vote is gaining traction on states - and could transform US politics. Stateline

With U.S. democracy plagued by extremism, polarization and a growing disconnect between voters and lawmakers, a set of reforms that could dramatically upend how Americans vote is gaining momentum at surprising speed in Western states.

 

Denmark promises increased focus on Arctic as it takes over NORDEFCO chair. The Barents Observer

“The Danish Defence Intelligence Service has recently stated that the security climate in the Arctic Region is expected to become more unstable due to increased military activity, and it is possible that Russia and China will increase their cooperation in the region. Given the Kingdom of Denmark’s position, it is only natural for us to focus on the developments in the Arctic and North Atlantic region.”

(My Comment: The US is an Arctic nation because of Alaska. The US has no functional icebreakers in the Arctic. Eielson Air Force Base pays $0.23 per kWh for electricity because we haven’t acted to lower those costs. All this makes Alaska and the US vulnerable.)

 

School funding, energy and ranked choice voting: Alaska statewide political stories to watch in 2024. ADN

Adequate Education Funding, Dividend restraint to provide public services, restored Defined Benefit Pension to recruit and retain public employees, and election choice for voters through Open Primary/Ranked Choice Vote.

(My comment- I will continue to support these 4 priorities sod the Senate Bipartisan Majority. These priorities mean a prosperous future for all Alaska. I am also working on reducing energy costs and reducing pharmaceutical medication cost. All these are heavy lifts but important policies for all Alaskans.)

 

 

Health Care

The curious case of an inhaler switch. Axios

But doctors tell Axios many pharmacy benefit managers and insurers that previously covered the branded versions are refusing to cover the generics. That likely has to do with what many health policy experts say are warped incentives in the complex system for pharmaceuticals. 

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (1/3/24): $76.78

FY24 budget (beginning 7/1) is fully funded at forecast $73/barrel oil.

Price on 9/30/23: $87.99

Price on 9/30/22: $86.91

Price on 6/29/22: $116.84

Price on 3/8/22: $125.44

Price on 12/22/21: $75.55

ANS production (1/3/24): 466,645 bpd

 

 

Brent crude oil prices averaged $19 per barrel less in 2023 than 2022. EIA

The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding. Global markets adjusted to new trade dynamics, with crude oil from Russia finding destinations outside the EU, and global crude oil demand fell short of expectations. Those dynamics offset the impacts from OPEC+ crude oil supply curbs.

 

Conoco the bully. Alaska Landmine

(This is very, very disappointing. I understand corporate competition but this is way beyond that.)

 

The Willow project is going forward. Let's not squander it. ADN

(My comment-I appreciate Mr. Bradner writing about this. In 2019, the Governor tried to bypass this revenue that would go to the North Slope Borough. The Governor’s legislation was not even considered. I agree with Mr. Bradner- this “impact” revenue belongs to the residents of the North Slope.)

 

Have no fear of imported LNG. It's Alaska's future. ADN

(My comment-At least for the short term, imported natural gas is Alaska’s future. It’s true because Alaska has had decades of no vision or actions to build a future. The gas pipeline has been a dream (with no action steps taken) for 40 years. Susitna Watana hydroelectric dam is the same story. If either, or both, Permanent Fund these opportunities had been seized 40 years ago, our State would be prospering now with low cost energy in abundance. Our State needs courageous leadership. ) 



Commodities 2024: coming US LNG supply wave to inch closer as new projects near startup. S&P Global

US LNG export capacity will grow in 2024 after a year marked by a lack of major additions, presenting a new source of demand growth for the domestic market and additional supply for global gas buyers facing prices that remain high compared with historical norms.

 

On my screen: Solar, Lithium, China. Axios

Columbia University's energy think tank has a nice primer on the global lithium market as demand soars to produce EV batteries.

 

 

Precious Metal Prices

Jan. 3, 2024

Gold - $2054.13

Silver - $23.18

Platinum - $988.67

Palladium - $1117.00

 

Alaska Permanent Fund

website

 

Fund value January 3 - $78,744,800,000

PFD payout from ERA, Fiscal years 1980-2024: $29.7 Billion

Cost of PFD in Oct. 2022: $2.2 B

Cost of PFD Oct. 6, 2023: $881.5 Million



Alaska History

 

·     January 1, 1964, Boroughs formed: North Star Borough, Kenai Peninsula Borough, Mat-Su Borough

 

·     January 1, 1970, City & Borough of Juneau formed

 

·     January 2, 1966, Sitka fire destroyed St. Michael Cathedral

 

·     January 3, 1959, President Eisenhower signed Alaska Statehood Act

 

·     January 5, 1985, Federal government sold Alaska Railroad to state

 

·     January 7, Eastern Orthodox Christmas

Feedback is always welcome.

Have a great week!

 

Cathy 

 

Personal Contact:

907.465.4843

sen.cathy.giessel@akleg.gov

 

Past Newsletters on my website



My Staff:

·     Chief of Staff: Jane Conway (from Soldotna)

·     Office Manager: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Julia O'Connor (from Juneau)

·     Legislative Analyst: Angela Rodell (from Juneau)

 

 

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Senator Cathy Giessel's Newsletter | 12701 Ridgewood Rd, Anchorage, AK 99516