Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

February 12, 2026

 

 

Dear friends and neighbors,

 

Photo: We have a Saw Whet Owl in our neighborhood! I first heard the little guy at the end of January, when walking my dogs at 6 AM. I thought the sound was a truck backing up. He was heard in the dark of 7 PM also. We've heard him every day since. We had a Saw Whet in our backyard about 5 years ago. They are so cute!! But so small it's impossible to actually see them.

 

Our Alaska Wages Pay State Taxes in Other States

The Alaska Economic Trends, February edition, (Department of Labor) points out that "in 2024...more non-residents were working in Alaska than at any other time since 1990. That broke the record set in 2023."

 

Further, the data shows that "A long deline in the number of Alaskans aged 18-64 is driving the shortage...its lowest level since 2008.

 

"Nonresidents'wages also hit new highes, overall and proportinally. They earned $3.8 billion in 2024, taking in 17.3 percent of all wages paid in Alaska. While more nonresident hiring was widespread, the largest increases came in the oil and gas and construction industries."

 

Why is this non-resident number important?

We have no personal income tax in Alaska. These folks are largely "fly in-fly out" staff; in other words, work 2 weeks on/2 weeks off or some variation of that. Their wages move to L48 states where their personal income tax pays for schools, roads, public safety and more in their home state. And you can see that these are high paying jobs.

 

Alaska Voter Rolls sent to Federal Government

Several newsletter readers asked about details on Voter Rolls being turned over to the Feds.

I asked Lt Governor Dahlstrom, who, on advice from Acting Attorney General, Stephen Cox, gave our data to the Federal government. See section below to read her response.

 

Budget Topics

Schools - After more than 10 years of flat funding, inflation (the thief in the night) has eaten away at education funding. While we placed an increase of dollars in the Base Student Allocation (BSA) formula in August 2025, there was no provision to cover the increase due to inflation.

As a result, school nurse presence in Anchorage School District (ASD) schools is being proposed to be reduced. One nurse would be assigned to multiple schools. This would mean the nurse is present in only a portion each day. Parents of students with insulin-dependent diabetes are rightly concerned. Other students who take daily medication, with controlled dispensing by the nurse, would now be turning to teachers for medication assistance on days when no nurse was present.

 

I am concerned for the safety of these students, entrusted to the ASD.

My advice is to present ideas to the ASD Board. I know they are looking for solutions; help them out with your ideas.

 

"Meet the Match"

This refers to the Governor's veto of $70 million from the Transportation budget; it would "match" $700 million in Federal Highway funds. Road construction businesses around the state apply for those funds to operate their businesses of building Alaska roads. Those funds need to be restored now, so contracts can be put out for 2026 summer construction. If the Legislature waits for the normal budget process, 2026 construction season is lost. Businesses will have to lay off employees, further shrinking our economy and delaying road work that is badly needed.

We are working to put together a "fast-tracked supplemental" budget. This would contain the Governor's request to restore the many items he vetoed last July and provide money to backfill the overspent funds by his departments so far this year.

 

Rural Health Transformation Project (RHTP)

Huge topic: $272 million for 2026 to be distributed in grants by October 1, 2026.

See this newsletter section for details.

 

Proposed Natural Gas Pipeline

This would go from North Slope to MatSu area. Alaska Gasline Development Corporation, created in 2013 to manage the ExxonMobile led pipeline, has gifted 75% ownership of this to a company called Glenfarne.

Glenfarne has not completed any natural gas projects in North America, and certainly not the Arctic. This is a private company; they are keeping all fiscal information about the project confidential. They tell us that they will secure all the financing, they will bear all the risk for cost overruns and project delays.

Governor Dunleavy is proposing that Legislature grant property tax reductions to incentivize this project.

See newsletter section for more info from Senate Resources committee meetings.

 

Items in this Newsletter:

·     Upcoming Catch Up With Cathy Events

·     Finance Committee Meetings.

·     Rural Health Transformation Project, Alaska Department of Health

·     Proposed Gas Pipeline.

·     Alaska Voter Rolls Given to Feds

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

·     Alaska History -Remembering Ernest Gruening’s Impact

·     Resource Values, Permanent Fund

 

 

 

 

Catch up with Cathy

 

These are informal coffee conversations in which the folks that attend determine the topics of interest and concerns.

 

March 21st - at the Kaladi Brothers on Tudor Rd 9:00am - 10am

 

March 28th - at the Grind in Girdwood 2:00pm-3:00pm

 

April 11th - at Bell’s Nursery Café, 13700 Specking Ave, Anchorage, AK 99515

 

My staff and I love these meetings! They are small groups and we can talk about what interests the folks who attend.

 

Its usually a small group, and people come and go. Topics are determined by the people who are present. I hope to see you there.

 

 

Finance Committee Meetings

 

February 09 - Link to meeting. Overview PERS/TRS Update. Presentation

February 09 - Link to meeting. HB 78 Retirement Systems. Presentation

February 10 - Link to meeting. Alaska Mental Health Trust. Presentation

February 11 - Link to meeting Alaska Permanent Fund Corporation. Meeting Notes. This was a great meeting with the CEO and Chief Investment Officer presenting. I occasionally hear from citizens who believe the APFC is not making smart investments. The CIO explains their investments and rationale.

 

Would Gov. Dunleavy’s fiscal plan solve Alaska’s long-running budget issues? Alaska Public Media



‘No perfect tax regime’: Alaska lawmakers list concerns over Dunleavy’s sales tax proposal ADN

Most of the money Dunleavy’s multifaceted plan would raise would come from a sales tax — 4% in the summer, 2% in the winter. The plan would also hike oil taxes, add a new per-barrel surcharge for pipeline corridor maintenance, and capture more money from Outside businesses. It would all be temporary, roughly five to seven years — and in 2031, corporate income taxes would vanish entirely.

 

Alaska legislators say governor’s fiscal plan is likely dead after first week of hearings Alaska Beacon

Legislators, local governments and Alaskans pan Dunleavy's silly sales tax pitch

House leaders spoke with reporters Friday morning, a day after members of the House Finance Committee heard two hours of public testimony on the governor’s proposed statewide sales tax, the cornerstone of his multi-part proposal to bring state expenses and revenue into line over the next five years.

 

 

Rural Health Transformation Project

Alaska Department of Health

 

If you have been following the myriad of Alaska’s healthcare challenges in the news of late, you likely have heard of something called the RHTP – the Rural Health Transformation project. It is a federal initiative that was included when H.R. 1 was passed by Congress in 2025 that will span over the course of 5 years to 2030 and could provide up to $272 million in federal funding for Alaska for each of those years.

 

Alaska is one of the top recipients nationwide to receive this funding via CMS (Centers of Medicare and Medicaid Services) largely due to its very rural population, its geographic span, and healthcare access challenges that Alaskans experience on a regular basis.

Here is the notice of award.

 

Through the RHTP, Alaska providers and clinics, hospitals, non-profits, community organizations and tribal organizations will have the opportunity to put forth their creative ideas to improve, innovate and expand the services they provide to better serve Alaskans.



This is an exciting new opportunity to improve health care access and quality of care for Alaskans. If you want to stay up to date on the progress of the RHTP, you can access a wealth of information on the Alaska Department of Health RHTP website. Here is the RHTP website.

 

The Department of Health hosted a webinar on the Rural Health Transformation Program (RHTP) funding application process on Tuesday, February 10th. For anyone who is interested here are some links:

·     Webinar recording

·     RHTP Funding Process recap

·     Slide deck from the funding application

 

Key Takeaways:

·     RHTP applicants need to submit letters of interest between February 17 – March 11th.  

·     Alaska Community Foundation ONLINE office hours will be available for potential applicants with questions.

·     Feb. 17 from 12-1pm

·     Feb. 24 from 12-1pm

·     March 3 from 12-1pm

·     Online registration for office hours will be available on their website in the coming days.

·     Timeline

·     Letters of Interest must be submitted between Feb. 17 – March 11

·     Readiness and Planning Grants expected to be awarded in April

·     Full implementation proposals are expected to be awarded in May



Notes from 2-10-26 Webinar

 

 

Proposed Gas Pipeline

 

The Senate Resources Committee has been holding meetings. Here are the links to the meetings and presentation materials.

 

January 23 - reports from Pegasus and GaffneyCline related to Megaprojects

January 26 - detailed policy and financial discussion from GaffneyCline

January 28 - Dept of Transportation: readiness for large project materials transport

January 30 - Dept of Natural Resources and Alaska Oil & Gas Conservation Commission (AOGCC): gas on North Slope and availability to extract

February 2 - North Slope Producers comments: Conoco, Hilcorp, Exxon

February 4 - Regulatory Commission of Alaska (RCA) authority to regulate cost of gas from proposed pipeline

February 6 - SB 227: Governor Tax Bill related to oil/gas

February 9 - SB 180 Gas Import Facilities, regulation by RCA

February 11 - Alaska Railroad Corporation (ARR) readiness for large project materials transport

 

 

Alaska Voter Rolls Given to Feds

 

Lt Governor Nancy Dahlstrom reponded to my inquiry about this. Many of my newsletter readers have asked.

The information provided doesn't go beyond the press release in December. I will be making a second inquiry as to why the Feds couldn't get this already, just as any Alaskan can access the voter rolls. That information is publiclly available.

I'll let you know if I receive any further clarification.

Why would the Federal Government want voter rolls information? The authority over elections belongs to state governments. At least so far...

 

"Alaska provided an initial response to the US DOJ in early August 2025, which included only the publicly available voter registration data. The DOJ responded to say the electronic copy of the statewide voter registration list must contain all fields, including the registrant’s full name, date of birth, residential address, and state driver's license number or the last four digits of the registrant’s social security number. When the DOJ made this second request in August, we immediately began a thorough review in consultation with the Department of Law to confirm that we had the legal authority to release the requested information and to identify any safeguards needed to protect sensitive voter data. This “second dispersal of information” was what was sent on December 25, 2025. That remains the extent of the voter registration data the state has provided to the DOJ.Please allow me to clarify the matter, drawing on the attached December 23, 2025, press release from my office. Alaska’s actions reflect a commitment to both legal compliance and responsible stewardship of voter data. Our office took every step to ensure this was handled lawfully, securely, and transparently.

 

The State of Alaska provided the U.S. Department of Justice (DOJ) with a complete list of eligible registered voters in response to the DOJ's request. The list was securely transmitted to the DOJ on December 23, 2025. The data provided included voters’ full names, dates of birth, residential addresses, and driver’s license numbers or the last four digits of their social security numbers. The transmittal occurred under a DOJ–Alaska Memorandum of Understanding (MOU) that governs access to, use of, and protection of the data.

 

The National Voter Registration Act (NVRA), 52 U.S.C. § 20510, establishes the DOJ’s enforcement authority related to list maintenance. AS 15.07.195(c)(1) authorizes the release of confidential voter information to a federal agency, if that agency only uses it for government purposes authorized by law.

 

The DOJ–Alaska MOU and other federal laws provide explicit limits on use and further disclosure of the voter list, reflecting Alaska’s commitment to safeguarding personally identifiable information while meeting federal obligations."

 

 

Current Topics

State's salary study conveniently lost in 'Byzantine bureaucracy' The Alaska Memo

In one of the more fiery hearings of the session so far, the House Finance Committee on Monday learned the state is once again punting on pay raises, arguing that the latest delay is because they need to go out for a second study to study whether the implementation of the salary study is feasible. Legislators from both the bipartisan House Majority and the more Dunleavy-aligned Republican Minority were broadly and understandably irate at the twist in a saga already marred by accusations that the Dunleavy administration was trying to rig it.

 

Retirement in America: An Analysis of Retirement Preparedness Among Working-Age Americans NIRS

Working Americans Struggling to prepare for retirement. Typical working American has less than $1,000 saved for retirement.

 

Anchorage seniors will soon be able to ride the People Mover bus for free on Fridays Alaska Public Media

Anchorage seniors will soon be able to ride the city’s People Mover bus for free two days a week.

 

In their own words Axios

Seven lawsuits filed against OpenAI have alleged that plaintiffs' loved ones were harmed by their use of ChatGPT, including claims of wrongful death, assisted suicide and involuntary manslaughter, the WSJ reported.

 

Almost one in four Alaska workers doesn’t live in the state, new report concludes Alaska Beacon

In 2024, almost 23% of non-federal jobs in Alaska were held by someone who did not live in the state. Nonresidents earned roughly $3.8 billion, or about 17% of every dollar earned from a non-federal job.

 

State DOT pledges $30M to projects meant to improve safety along Anchorage’s dangerous roads ADN

Following pressure from Alaska legislators and the LaFrance administration, the state’s transportation department increased the amount of money available this year for road safety projects in Anchorage.

 

FEMA approves additional areas to qualify for disaster relief following West Coast storms Alaska Beacon

The Federal Emergency Management Agency has approved additional regions to be included in Alaska’s disaster declaration following the Western Alaska storm disaster last year, and more communities will be eligible for federal disaster assistance.

 

Officials estimate $125 million in Western Alaska storm damage so far, and a long road to recovery Alaska Beacon

Bryan Fisher, director of the Alaska Division of Homeland Security and Emergency Management, presented an update to lawmakers and said that according to a recent FEMA assessment, the storm damage is estimated to cost $125 million. He called the storm damage “catastrophic and stressed that the figure is an early estimate. “I would suspect, just based on my experience doing this for a long time, that that dollar figure is going to go up,” he said.

 

U.S. Governor Approval Rating Tracker The Juneau Independent

Reynolds ties with Dunleavy as the most unpopular: With the highest disapproval ratings of any U.S. governor (49%), Kim Reynolds of Iowa remains America’s most unpopular governor for the eighth quarter in a row, but this time is tied with Michael Dunleavy of Alaska. The Iowa Republican, who isn’t seeking re-election next year, is one of only two governors with an underwater net approval rating.

 

‘Bad management’: Lawmakers blast DOC’s $24M ask—part of $1.1B emergency budget Alaska News Source

“If the overtime situation is going to be an ongoing cost, this is seriously bad management,” Hoffman said during the Feb. 4 hearing, echoing frustration over what Stedman called a years-long pattern of prison cost overruns. The request, presented to the Senate Finance Committee last week, would cover shortfalls driven by unbudgeted overtime, staff vacancies and inmate medical costs. Corrections Commissioner Jen Winkelman pointed to unexpected incidents as one cost driver, citing a “small riot on the yard” at Spring Creek Correctional Center this month that cost nearly $200,000.

 

Alaska House leaders commit to passing pension reform amid concerns from Senate budgeters ADN

The elimination of defined benefits has hit particularly hard for Alaska’s educators and some local government workers, who do not pay into Social Security and thus miss out on the country’s primary old-age safety net program. State employees benefit from the Alaska Supplemental Benefits System, which replaces Social Security. Teachers and many local governments in Alaska are not part of the system.

 

 

Things That I Found Interesting

Young lawmakers eye exits Axios

State legislatures are pipelines for Congress, governors and future national leaders. If younger lawmakers leave early, the system increasingly favors the wealthy, the retired or those insulated from threats and financial strain. 81% of respondents said their legislative pay does not cover the cost of living.

 

Seward student to present salt brine alternative to Alaska Senate Peninsula Clarion

“Basically, the graphene nanoplatelets have these additives in them which help reduce the freezing rate of water molecules and increase the melting rate of ice and water molecules,” she said.

(My comment: This is so cool!! Bravo, Hannah! And Bravo to Seward High School and Teacher Amelia Bagheri! Our public schools and teachers are not failing. These amazing Alaska students are succeeding.)

 

1 big thing: Everything is gambling now Axios

Gambling culture is enveloping American life: What was once a fringe vice is fast becoming a mass-market habit — raising urgent questions about addiction, fairness and regulation. You can now wager on everything: the midterms, the Oscars, the Second Coming (5% chance before next year

 

The cost of babysitting Axios

Average babysitting rates rose nearly 5% last year — faster than inflation — hitting $26.24 per hour for one child. Parents are paying nearly $30 an hour on average for two kids, the sitter-finding platform says.

 

🚁 1 fun thing: The drone Olympics Axios

Drones and other tech advances are reshaping how viewers experience the Winter Olympics. New camera angles can pull the audience into the athlete's perspective, making the sheer intensity and speed of events like skiing and bobsled easier to grasp.

 

 

Arctic

Alaska plans long ice roads in Northwest Alaska to allow airport construction at remote town Alaska Beacon

As the Alaska Department of Transportation and Public Facilities prepares to build a new airport for the Northwest Alaska town of Noatak, the agency says it will need to build a 67-mile ice road for three consecutive winters in order to transport supplies.

Greenland and U.S. territorial purchases North of 60 Mining News

That structure removes Denmark from the position Russia held in 1867 or Denmark itself held in 1917. Legal authority to negotiate a sale no longer rests with the government in Copenhagen but with the population and institutions in Nuuk, meaning any transaction would require not just Danish agreement but Greenlandic consent – something no price or strategic argument can compel under self-government law.

(My comment: This is a great history of Alaska’s purchase from Russia in 1867, US history of expansion, and present law.)

 

New hazards to be analyzed in Alaska’s updated statewide threat assessment Alaska Beacon

The independent federal agency that provides Alaska with utilities, infrastructure and economic support is considering a number of new environmental hazards as it updates its statewide threat assessment.

 

 

The Arctic's first inhabitants shaped thousands of years of ecological development PhysOrg

they documented nearly 300 archaeological features, including Early Paleo-Inuit tent rings and hearths, proving that people were visiting these islands repeatedly as far back as 4,500 years ago. Kitsissut sits in the heart of Pikialasorsuaq, which is a unique polynya environment stretching between northern Greenland and Canada. Polynyas are areas of Arctic ocean that never freeze, even in winter, so reaching these islands requires a dangerous 50km open-water crossing—the longest such journey by watercraft yet inferred for this period in the entire Arctic.

 

In new agreement with state, Indigenous landowners soften resistance to Ambler Road Alaska Beacon

It needs approval from two private companies that own some of the land the route would cross: the Indigenous-owned regional corporations for Northwest Alaska and the Interior, known as NANA and Doyon, respectively. A tense relationship between those businesses and the Alaska Industrial Development and Export Authority, the state agency pushing the road, has been a key challenge for the project. But an agreement quietly reached between the two corporations and Alaska state agencies signals that those dynamics could be shifting.

 

10,000 U.S., allied troops prepare for large-scale training exercise KUAC

An 11th Airborne news release says the exercise is intended to test the readiness of 11th Airborne soldiers to deploy quickly and conduct large-scale combat operations in cold weather alongside other U.S. and allied military units. The spokesperson said about 10,000 servicemembers in the exercise, including some who are working in support roles. Multinational partners and allies participating in JPMRC include servicemembers from Canada, Sweden, Norway, and Italy. Some will be participating, and some will be observing, the spokesperson said.

 

 

Economy

Why Japanese stocks are outshining the U.S. market Axios

The Nikkei is just one of the foreign stock indexes beating the major U.S. benchmarks this year — as investors "Sell America" and look to buy elsewhere in the world.

 

 

Education

Anchorage School Board holds special meeting to address $90 million deficit Alaska News Source

The Anchorage School Board held a special meeting Monday evening to discuss a resolution regarding school consolidation as the district faces a $90 million budget deficit. The resolution directs administration “to identify potential school consolidations and operational efficiencies that could increase student services and use short-term savings to restore cuts to essential programs,” according to the announcement.

 

 

Energy

⚛️ Nuke waste recycling companies get $19 million from DOE Axios

Alpha Nur Inc. will research and validate a process that will recover highly enriched uranium from used fuel from research reactors and transform it into a form to be reused in small modular reactors. Curio Solutions will develop a process designed to produce uranium hexafluoride gas from used fuel. Flibe Energy Inc. will study electrochemical methods to process used fuel. Oklo Inc. will study heavy element deposition — the accumulation of heavy metals — in molten salt. It is developing a commercial-scale facility to recycle used fuel from conventional reactors into fuel for its Aurora fast-neutron microreactors. SHINE Technologies will develop a process design that incorporates transport, storage, and disposal together with hydro processing of used fuel.

 

Teck, borough agree to new Red Dog PILT North of 60 Mining News

Teck Resources Ltd. Jan. 30 announced that its Alaska subsidiary has finalized a renewed Payment in Lieu of Taxes (PILT) agreement with the Northwest Arctic Borough that details contributions from Red Dog over the coming six years, which aligns with the current plans to wind down the Northwest Alaska zinc mine's operations on NANA Corp. lands by 2032.

(My comment: Payment in Lieu of Taxes (PILT) is a mechanism for local governments to levy property tax. It was a topic under the Exxon-led gas pipeline in the 2010s. A working group of mayors/city managers along the gas pipeline route met to work out what portion of any property tax would come to their jurisdictions. They never reached agreement. Exxon and partner oil companies (BP, ConocoPhillips) abandoned the gas pipeline project as uneconomic, so the property tax issue became moot.)

 

EIA forecasts lower oil prices in 2026 and 2027 due to persistent stock builds EIA

We forecast that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of $69 per barrel (b) in 2025 to $58/b in 2026 and $53/b in 2027.

(My comment: Oil price/revenue makes up about 30% of Alaska Unrestricted General Funds. Continued decrease in oil price means less production tax revenue.)

 

 

Politics

Opinion: Trump’s threat to annex Greenland: Sovereignty and the rules-based order ADN

European leaders are no longer reacting with surprise to President Trump’s foreign policy threats. They are responding to them.

 

Black history fight as America turns 250 Axios

America's 250th anniversary is colliding with a renewed battle over Black history, as the White House moves to smooth over and narrow how race and equity are discussed. Federal agencies and cultural institutions have deleted or revised Black history content in response to President Trump's anti-DEI mandate, which the administration says restores neutrality.

 

👓 On my screen: New climate dashboard and Trump minerals analysis

Want to make sense of the Trump administration taking stakes in mineral companies? Check out industrial policy analyst Arnab Datta's "A User's Guide to Government Equity Investing. "Not since the Great Depression has the government taken ownership stakes in private corporations at such scale and speed," writes Datta, who works with the groups Employ America and the Institute for Progress. The piece walks through upsides, like helping to level the playing field with geopolitical rivals who intervene aggressively. But it carries risks, too, like picking favorites and pressuring companies into bad decisions.

Murkowski tries to reassure Greenlanders still shaken by Trump's threats Alaska Public Media

Sen. Lisa Murkowski said in Greenland Monday that she feels terrible for the anxiety her country inflicted on the Danish territory. Murkowski was the sole Republican among four senators who took the trip to try to repair the relationship with Greenland after President Trump’s repeated threats to acquire the island. The trip was part of her initiative to bolster what she calls a trans-Arctic alliance. She was part of another congressional trip to Denmark a few weeks ago.

 

Alaska commander won’t testify on Minneapolis troop stand-down, lawmakers say Alaska News Source

The 11th Airborne Division commander will not testify before Alaska lawmakers this week about a reported stand-down order affecting more than 1,500 Alaska soldiers who had been on standby to deploy to Minneapolis to protect ICE agents, the legislative committee chair said Monday. ABC News reported Feb. 3 that the Pentagon’s Northern Command stood down the troops, citing two U.S. officials with direct knowledge of the situation. Alaska’s News Source has not independently confirmed the stand-down order, and the 11th Airborne Division did not respond to requests for comment Monday.

 

 

Health Care

PODCAST Taking the mystery out of mental health | Line One Alaska Public Media

On this episode, our goal is to take some of the mystery out of mental health care. Many people know they’re struggling, or know someone they care about who is struggling, but feel unsure where to turn. Should I see a counselor? A psychologist? A psychiatrist? What’s the difference and how do you know what’s right for you?

 

1 big thing: The dangers of using AI for mental health Axios

A fundamental problem is that bots like ChatGPT and Claude are designed to keep people engaged, and tell them what they want to hear without judgment. "You can say something totally stupid and it tells you what a great idea it was," Insel said. "People who are good therapists are helping you to change what you think, how you feel, how you behave — and that's just not what chatbots do."

 

💊 Many TrumpRx drugs are cheaper elsewhere

More than half of the drugs listed on the new TrumpRx websitehave cheaper generic versions available elsewhere, Axios' Maya Goldman reports. Pristiq, a Pfizer antidepressant, costs about $200 with a TrumpRx coupon for a 30-day supply. But a comparable generic goes for less than $30 on GoodRx and for just $16.65 on Mark Cuban's CostPlusDrugs.

 

 

February 6: Remembering Ernest Gruening’s Impact

 

After graduating from Harvard Medical School, Ernest Gruening(1887-1974) directed his energies to bettering the lives of those in the United States and its territories. President Franklin D. Roosevelt appointed Gruening as governor of the Territory of Alaska in 1939. Gruening, known as "the father of Alaska statehood" was elected to the united States Senate on November 25, 1958, and on January 3, 1959, Alaska was admitted as a State into the Union. Gruening fought for statehood, an expanded economic base, protection and efficient utilization of resources, and equality for Alaskan Natives, As a U.S Senator after Alaska achieved statehood, Gruening worked to smooth the transition. Pursuant to As 44.12.050, February 6 of each year is Ernest Gruening Day. (University of Alaska)

 

·     1968, Feb 16 - ARCO (Atlantic Richfield oil company) & Humble Oil announce oil discovery at Prudhoe Bay (the largest conventional oil field in North America)

·     1989, Feb 19 - Roxie Wright-Champaign became first woman to win the Fur Rhondy Sled Dog Race

·     1899, Feb 20 - First White Pass & Yukon Railroad passenger train (This narrow gauge railroad is an International Historic Civil Engineering Landmark)

·     1924, Feb 21 - Carl Ben Eielson, Alaska bush pilot & explorer, made the first Airmail delivery in Alaska, between Fairbanks to McGrath. Eielson Air Force Base is named for him.

·     1957, Feb 24 - First commercial flight between Europe and the Orient, stopping in Anchorage

·     1923, Feb 27 - President Harding established the National Petroleum Reserve - 4 (NPR-4) on the North Slope (Its now called NPR-Alaska)

·     1967, Feb 28 - First winter ascent of Denali, accomplished by Art Davidson, Ray Genet and Dave Johnston

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (02/10/2026):$68.90

The Dept of Revenue Tax Division previously updated the ANS price every evening after 5 PM.

They have stopped doing that. The above price is a week old, as you can see.

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

$64/barrel of oil.



History of prices:

12/17/25: $60.06

9/20/24: $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 (2/10/26): 416,957 bpd

 

Precious Metal Prices

February 11, 2026

Gold - $5,084.74

Silver - $84.26

Platinum - $2,140.10

Copper - $5.98

Palladium - $1,734.93

Rhodium - $10,55.00

 

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 February 11th, 2026 - $89,295,100,000

 

 

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)

·     Resources Committee Staff: Paige Brown (from Anchorage/Girdwood)

·     Office Manager: Samantha Freeborn (from Anchorage)

·     Intern 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