Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

January 8, 2026

 

 

Dear friends and neighbors,

 

Photo: Ice crystals formed on frozen surface of South Fork of Little Campbell Creek.

 

My staff and I are in the process of moving to Juneau, saying good-bye to family, friends, and homes. We all continue to respond to email and phone messages.

 

Priorities this session:

·     Clean up the FY 2027 budget that Governor gave us so that it balances and public services are funded. This is a big topic covering education funding, healthcare provisions, road construction matching funds, and lots more.

·     Careful negotiation with Glenfarne regarding still-unknown cost for proposed natural gas pipeline from North Slope

·     New revenue discussions

·     Overall - continuing to work across party lines, as House and Senate Bipartisan coalitions, to get the work done for Alaskans.

 

With outgoing governor and limited revenue, Alaska legislators consider priorities in lead-up to session. ADN

Whether or not the Legislature reaches that bar in the first five days of the session — the constitutionally mandated time frame for overriding the governor — will “depend on how many of those minority members actually understand the fiscal situation that the state is in,” Giessel said. “We don’t have the room anymore to say, ‘Well, we can limp through another year.’ That time is gone,” she said. 

 

 

Election Policy. Alaska is unique.

Alaska is the only state in which the Legislature has members who are willing to work across party line divides to get stuff done.

Just to clarify - that means that Alaska legislators who are Democrats, Republicans, and Independents have agreed to work together. Both the House and the Senate have "bipartisan coalitions" as their majority.

No other state has this! Only in Alaska does working together in bipartisan majorities happen!

Congress certainly doesn't have this. Congress is divided along party lines, and constantly at odds.

 

How did this "working together to get things done" happen?

Alaskan voters chose to have Open Primaries.

That's huge. Open Primaries mean that everyone gets to see all the candidates on one ballot. Every voter gets to make their choice, regardless of what party the voter is, and what party their favorite candidate is. All the candidates for all the offices appear on one ballot that every voter gets.

This kind of election requires candidates to talk to all the voters, to hear from all viewpoints, and to win the support of diverse voters.

Alaskans like this!

There will be an item on the ballot that would repeal Open Primaries and give control of the primary election to political parties.

 

The other thing Alaska has is full transparency for money being spent in an election.

Alaskans voted to require "true source" disclosure of where money Is coming from to pay for ads, mailers, radio spots. The top 3 donors must be disclosed, and not hidden behind organization names.

Alaskans like knowing who is paying for election materials.

Again, there is a ballot measure that would repeal this ban on "dark money".

 

Alaska has the unique bipartisan coalitions in the Legislature largely because of open primaries and "true source" financial disclosure.

 

These Montana Republican Senators can tell you what political party control of their votes in the Montana Legislature means. Listen to their story...

 

 

Meet the Montana GOP lawmakers who were kicked out of their party for voting with Democrats. CBS Mornings

 

 

Items in this Newsletter:

·     Alaska Trends January Issue

·     Behavioral Health Free Training

·     Current Topics, Stuff I Found Interesting, Arctic Issues, Economy, Education, Politics, Healthcare

·     Railbelt Reliability Council Webinar

·     Holiday Tree Recycling

·     Free Legal Help - MLK Day

·     Alaska History in January

·     Resource Values, Permanent Fund

 

 

 

 

 

 

 

 

Behavioral Health Training

Online, Free

 

The courses below are free to any interested persons!

Offered by Alaska Behavioral Health, the largest provider of behavioral health services in our state. You might find the information very helpful in everyday relationships.

 

 

 

 

Current Topics

Dunleavy appoints 2 Mat-Su Republicans to fill vacant Alaska House seats. ADN

Dunleavy chose Garret Nelson, an online salesman and father of nine who lives in Sutton, to fill a seat previously held by George Rauscher.

(My comment: Mr. Nelson stands to receive $38,500 ($3500 x 11) as he advocates for "full Dividend". At what point does a vote for a "full dividend" comprise a conflict of interest, or even a breach of ethics? Legislators have gone to jail in the past for accepting money in payment for their votes.)

 

Opinion: Before Alaska becomes an AI data farm, be sure to read the fine print. ADN

Artificial intelligence is driving a revolution in the economy and culture of the United States and other countries. Alaska is being pitched as the next frontier for one of the most energy-intensive industries: data centers, with their primary purpose of advancing AI, socially disruptive to a degree as yet unknown.

(My comment: I agree. It sounds good but really means little in terms of Alaska jobs.)

 

Major redesign planned for one of Anchorage’s busiest — and most dangerous — highway interchanges. ADN

The Alaska Department of Transportation and Public Facilities plans to raise and replace the aging bridge over the Seward Highway and reconstruct the adjacent ramps and intersections. The project extends west to Old Seward Highway and east to MacInnes Street, and then north approximately halfway to 36th Avenue and south to the Campbell Creek Trail crossing.

The Federal Highway Administration will pay for the majority of the $40 million project, with the state providing a roughly 7% match of the total cost.(My comment: This is needed. My worry is that DOT will mismanage it and waste the money. DOT is proving to have some questionable leadership in the past year.)

 

 

Things That I Found Interesting

The amazing tale of the Riley Creek wolf pack in Denali National Park. ADN

Assertive wolves like Riley’s mother are the ones that breed, that fight, that have the ability to pull down a caribou with their mouths. Other pack members still hunt and fight, but don’t make decisions for the group, or breed. Some, wanting independence, take off, which is a high-risk, high-reward scenario.

 

 

Arctic

Finland detains ship and its crew after critical undersea cable damaged. CNN World

Finnish police said in a statement that the vessel suspected of causing the damage was found with its anchor chain lowered into the sea in Finland’s waters, while the damage site itself was in Estonia’s waters. The police later named the vessel as the Fitburg, a Saint Vincent and the Grenadines flagged cargo ship.

 

Danish prime minister says a U.S. takeover of Greenland would mark the end of NATO. ADN

Danish Prime Minister Mette Frederiksen said Monday an American takeover of Greenland would amount to the end of the NATO military alliance.

(My comment: This is serious. Americans need to speak up. Do we want to lose NATO?)

 

1 big thing: NATO death watch. Axios

White House Press Secretary Karoline Leavitt said: "President Trump has made it well known that acquiring Greenland is a national security priority of the United States, and it's vital to deter our adversaries in the Arctic region. The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the U.S. military is always an option at the commander in chief's disposal." Then White House deputy chief of staff Stephen Miller told CNN's Jake Tapper on Monday that U.S. policy had been and would remain taking full control over Greenland: "Nobody is going to fight the United States militarily over the future of Greenland."

(My comment: Where is Congress? This is outrageous. Is Senator Lisa our only rational, courageous person? What have the American people done in electing this President?)

 

A polar plunge: The Coast Guard bets on the Arctic. USCG

The urgency of Arctic operations extends beyond aging hulls. Russia currently operates more than 40 icebreakers, continuing to militarize its Arctic coastline. China, despite possessing no Arctic territory, has declared itself a "near-Arctic state" and deployed its own coast guard vessels alongside Russian patrols near Alaska. And a changing climate is unlocking shipping lanes and resources that will demand American presence and enforcement. After decades of deferred maintenance and delayed procurement, the Coast Guard's polar plans are finally scaled to the challenge. This frozen frontier, once patrolled by a single aging ship, will soon host a fleet befitting American strategic interests at both poles

 

 

Economy

Opinion: Fiscal plans are built one piece at a time. ADN

While we agree that it is past time for Alaska to adopt a comprehensive fiscal plan, too many politicians use this phrase as a convenient excuse to avoid making incremental steps toward fiscal stability. To be certain, there are difficult decisions ahead, but never should we allow perfection to become the enemy of the good. Instead, state leaders must march one step at a time down the road toward economic opportunity and growth. Make no mistake: There are no shortcuts, no transporters and no time machines. Instead, the path to a fiscal plan will be marked by tough votes and bipartisan compromises, under the watchful eye of Alaska’s people.

 

Opinion: Alaska’s best infrastructure deal is hiding in plain sight. ADN

As lawmakers return to Juneau in January, they have a responsibility to act quickly and provide certainty. Doing so will help keep projects on schedule, support Alaska workers and ensure communities see the benefits of this funding when it matters most.

(My comment: Everything this author writes is true. What is not said is: Transportation spending in Alaska is highly politicized! The DOTPF is a highly political entity that fairly regularly disregards the needs of the people who live in the area and use the infrastructure.)

 

1 big thing: The economic themes we're watching. Axios

 

Expanded oil industry activity in Alaska expected to help create statewide job growth. Alaska Beacon

The Alaska Department of Labor and Workforce Development’s 2026 jobs forecast predicts an additional 3,000 jobs, amounting to 0.9% growth in employment for the coming year. That is slightly lower than last year’s growth of 1.2%, according to the forecast.

(My comment: Right now, 25% of working people in Alaska don’t live here; they fly in from other states for rotational jobs, and take their paychecks home to other states, where they fund other states’ services through their income taxes. How many of these 3,000 new jobs will be doing the same?)

 

Opinion: Alaska doesn’t need bigger ideas. It needs better execution. ADN

But Alaska’s challenge is not a lack of imagination. It is a failure of execution and follow-through. Rushed planning may satisfy political timelines, but it almost always leads to delays and overruns later. Big things can get done in Alaska. But only if our leaders are willing to prioritize delivery over drama, learning over grandiosity and solutions that work now alongside visions for what might work someday.

(My comment: Ms. Gage is absolutely correct. Voters need to read this, think about it, and think “future” when casting their votes in the November elections this year.)

 

 

Politics

Dunleavy appoints 2 Mat-Su Republicans to fill vacant Alaska House seats. ADN

Dunleavy chose Garret Nelson, an online salesman and father of nine who lives in Sutton, to fill a seat previously held by George Rauscher.

(My comment: Mr. Nelson stands to receive $38,500 ($3500 x 11) as he advocates for "full Dividend". At what point does a vote for a "full dividend" comprise a conflict of interest, or even a breach of ethics? Legislators have gone to jail for accepting money in payment for their votes.)

 

These bipartisan bills were noncontroversial - until Trump vetoed them. ADN

Trump vetoed drinking water pipeline legislation from Republican Rep. Lauren Boebert of Colorado, a longtime ally who broke with the president in November to release files on convicted sex offender Jeffrey Epstein. He also vetoed legislation that would have given the Miccosukee Tribe of Indians of Florida more control of some of its tribal lands. The tribe was among groups suing the administration over an immigration detention center in the Everglades known as " Alligator Alcatraz."

(My comment: These nonsense vetoes sound a lot like the vetoes of the Turo tax bill (that would was agreed to by rental car companies and Turo), the corporate tax on internet companies (the same as other states levy), Dept of Transportation matching money for projects, and other vetoes of bipartisan bills.)

 

Judge sides with lawmakers in dispute over Dunleavy order creating agriculture department. ADN

In a Dec. 31 order, Juneau Superior Court Judge Marianna C. Carpeneti wrote that the court sided with state lawmakers “because a review of the Constitutional drafting history makes it clear that the framers intended executive orders to be considered during only a regular session.” The Dunleavy administration on Friday said it would appeal the decision to the state Supreme Court.

(My comment: Of course the governor will appeal this clear decision. It costs him nothing to appeal. What a waste of state budget and Dept of Law time. Remember, the Dept of Law defends the governor, despite how wrong he may be.)

 

Two more themes to watch. Axios

 

Midcycle redistricting deepens America’s divide. Alaska Beacon

History suggests that midcycle gerrymanders lead to greater division and polarization, and more volatility in the Congress. And the impact may hit closer to home, if Virginia voters uphold Democratic legislators’ current effort to reshape the state’s political maps.

(My comment: The reason this midcycle redistricting deepens the gridlock and divide: Political parties control primary election results. General election outcomes are determined in the Primaries. Voters in most states only get to choose from one political party ballot. In Alaska we have Open Primaries: That mean voters get to choose from ALL the candidates. Alaska is not experiencing the legislative gridlock, as seen in Congress.)

 

Venezuela notes: Conflict and context. Axios

Rice University oil scholar Francisco J. Monaldi has a nice primer on the geopolitics and economics of Venezuelan oil. "Under an appropriate contractual and tax regime, oil production would be profitable even at prices as low as $25–30 per barrel," he writes.

 

Health Care

 White House freezes child care funds. Axios

The Trump administration sent letters to five blue states freezing about $10 billion for child care and social services programs pending a "thorough review," citing "systemic fraud" concerns.

 

 

 

Webinar to Introduce the Integrated Resource Plan

 

 

The Alaska Railbelt Reliability Council (RRC) invites you to a public webinar on January 8, 2026, at 12:00 p.m. AKST. This session will provide the public with an overview of the Integrated Resource Plan (IRP) process and explain how to get involved.

This is the Railbelt’s first-ever IRP — a comprehensive, long-term strategy for ensuring that the power system serving most Alaskans stays reliable, affordable and ready for the future.

Over the next two years, the IRP process will include public meetings, technical workshops and opportunities for Alaskans to ask questions and share feedback. The final plan is expected to be submitted to the Regulatory Commission of Alaska in early 2027.

Don’t miss this chance to learn more and participate in shaping Alaska’s energy future!

 

 

 

 

 

 

 

Alaska History

·     1921 Jan 24 - Alaska's first pulp mill opened in Juneau

·     1925, Jan 27 - first dog team left Nenana with serum for Nome for deadly diphtheria outbreak (serum arrived in Nome 6 days later)

·     1946, Jan 13 - First issue of the Anchorage Daily News

·     1959, Jan 18 - Direct Long Distance phone service to Alaska began

·     1971, Jan 23 - Coldest recorded temperature (-80 F) at Prospect Creek Camp

·     1988, Jan 14 - record 2.145 million barrels of oil went though TAPS in one day

·     1989, Jan 31 - record North American high pressure of 31.85 inches of mercury in Northway, Alaska

·     1990, Jan 16 - record 47.5 inches snowfall, Valdez

·     2025, Jan 7 - Eastern Orthodox Christmas

·     2025, Jan 22 - First Sunrise in Utqiagvik (after 65 days of no sun)

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (1/6/26): $61.57

FY26 budget (beginning 7/1/25) is fully funded at

$64/barrel of oil.



History of prices:

12/17/25: $60.06

9/2024: $63.63

9/30/23: $87.99

9/30/22: $86.91

6/29/22: $116.84

3/08/22: $125.44

12/22/21: $75.55

March 2020: $12.29

7/3/2008: $144.00

ANS production (1/6/26): 474,555 bpd


 

Charted: Silver vs. oil. Axios

One troy ounce of silver is now worth more than a barrel of oil in futures markets.

 

A long-term gift for Manh Choh communities. Mining News North

Kinross Alaska has donated $1 million to establish the Manh Choh Community Fund, a permanent endowment designed to ensure that communities across the Upper Tanana region of Alaska's Eastern Interior benefit from Manh Choh long after the last ounce of gold is mined from the project.

(My comment: This is impressive and will give the community of Tetlin an opportunity to develop an economy for themselves.)

 

The war for minerals, oil and AI. Axios

The refining of all the commodities other than oil is done in China," Marko Papic of BCA Research tells Axios, adding that refining rare earths is the problem, not supply, and China has the dominant expertise. Even if the U.S. could handle the refining, would it then ship technology products back to China for manufacturing?

Both Venezuela and Greenland have key critical minerals needed for advanced electronics and batteries:

1.  They have deposits of gallium, germanium, indium, tantalum and silicon used in advanced AI chips. Greenland has another coveted mineral that Venezuela does not: palladium.

2.  Compared to Greenland, Venezuela has more significant quantities of coltan, a metal used in smartphones, laptops and electric vehicles.

3.  Venezuela and Greenland have thorium, a metal that can be converted into fissile uranium-233 and used as nuclear fuel. Both are rich in clean energy minerals like lithium, cobalt and nickel that can help power massive AI data centers.

(My comment: Refining of the minerals is the same problem for Alaska minerals also. This is not new, but the US has put off dealing with this. Technology exists and will further advance to do this safely.)

 

Copper prices surge to first record since July. Axios

The rise in copper is the latest example of an asset class swept up in the AI boom, as the metal is used in building out data centers, renewables, EVs and more.

 

 

Precious Metal Prices

January 7, 2026

Gold - $4450.51

Silver - $78.62

Platinum - $2291.40

Palladium - $1785.24

Rhodium - $9850.00

 

Alaska Permanent Fund

website

The projected payment to the state General Fund for upcoming Fiscal Year 2027, under the Percent-of-Market-Value (POMV) formula, is to be $4 billion, up from $3.8 billion for FY 2025, the current year.

 

The Fund’s rate of return over five years has been 9.54%

• For the first three months of the FY 2026 fiscal year, or July 1 through September 30, the Fund had $2.21 billion in “statutory net income.” 

 

Fund value January 6, 2026 - $88,400,000,000

PFD payout from ERA, Fiscal years 1982-2025: about $33 billion

Over $100 billion total earnings over lifetime of the Permanent Fund

 

 

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)

·     Legislation Aide: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Inti Harbison (from Anchorage)

·     Intern coming this session: Ben Goltz (from Anchorage, student at Dartmouth College)

 

Copyright © 2026. All Rights Reserved.

 

 

 

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