Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

March 12, 2026

 

 

Dear friends and neighbors,

 

See you this Saturday...

ANCHORAGE DELEGATION COMMUNITY MEETING

This Saturday, March 14 at Wendy Williamson Theater, UAA Campus, 2-4 PM

The format is all public testimony, 2 minute limit, sign up when you come in.

 

PHOTO:

Ben Goltz has been an intern in my office all session. In a few days he heads back to Dartmouth College to finish his senior year, majoring in economics, then returning to Alaska. He has been a wonderful part of my office and the work we are doing. My whole team will miss Ben.

 

Bella Gunther-Chavez is spending her Spring Break from South Anchorage High School with me here in Juneau. Bella is shadowing me here in the Senate this week before going back to school to finish her senior year. Her policy focus is on behavioral health but she has been eagerly absorbing tax policy, education funding, and much more.

 

Both of these young people have been a privilege to know and work with. They are both products of the Anchorage School District and our Alaska way of life. Both are active outdoors people; both love our state. I look at them and see our next leaders in our communities, businesss, and governance. It is a privilege for me to know and work with them.

 

Your email topics to me:

·     School funding (budget shortfall in ASD)

·     New defined benefit retirement for public employees

·     Naturopath bill

·     Daylight savings time elimination

 

 

This week the Senate Resources Committee introduced this bill:

 

Senate Bill 275 Alaska Gasline Transparency and Accountability Act

Strengthening fiscal responsibility and transparency in the development of Alaska’s gasline.

What SB275 Actually Does

Governance and Transparency

·     Audit oversight over Alaska Gasline Development Corporation (AGDC), comparable to AIDEA and other corporations

·     AGDC may sign nondisclosure agreements with legislators and others; allows for executive sessions to discuss confidential matters

·     Allows parties to existing agreements to waive confidentiality

·     Requires legislative authorization before AGDC and partners may form any legal relationship with a foreign entity

·     Requites legislative notification of any significant change in ownership structure

·     Requires legislative authorization before AGDC can further divest ownership



Fiscal and Revenue

·     Eliminates ability for oil companies to deduct gas lease expenditures from oil production tax

·     Requires state approval for producers to pay in-kind “tax as gas”

·     Clarifies “prevailing value” statutes for tax and royalty purposes when a transaction may be at below market rate in purchasing gas from the North Slope

·     Applies the 9.4% corporate income tax to non-corporation entities (S-Corporations) shipping gas and providing other LNG-related activities

·     Establishes a 15cent/mcf surcharge on large LNG processing plants exporting Alaska's gas. At full capacity (2.7 bcf / day), this would raise about $150 million / year

·     Ensures AGDC negotiates the option for the state to acquire interest in the project and sub projects, with legislative approval. Provides a process of notification and adequate time to act

·     Separately accounts for revenue deriving from state / AGDC ownership share and makes it available for appropriation



Sponsor Statement

Guide to bill sections

SB 275 (the bill)

 

Items in this Newsletter:

·     Where does our Revenue Come From?

·     Finance Committee Meetings.

·     Resources Committee Meetings.

·     NEW Section - Oil and Gas Pipeline Topics with Current Topics, Stuff I Found Interesting, Arctic Issues, Economy, Education, Politics, Healthcare

·     Resource Values, Permanent Fund Data

·     Alaska Women's History Month

·     Alaska History

·     Catch Up With Cathy Events

 

 

 

 

Where does our Revenue come from?

 

State "Unrestricted" Revenue (can be used for any state service or need).

Graphic below.

Investment earnings = Permanent Fund investments

 

 

 

Finance Committee Meetings

 

·     March 9 - 9:00am- Recorded Meeting, Meeting Notes

·     K-12 Major Maintenance Scoring/Ranking. DEED

·     March 9 - 1:30pm- Afternoon Meeting, Meeting notes

·     HB 78 Retirement Systems; Defined Benefit Opt. ISER)

·     March 10 - 9:00am - Recorded Meeting, Documents

·     SB 41 Public Schools Mental Health Edu

·     SB 130 Fisheries Prod Development Tax Credit.

·     March 11 - 9:00am- Recorded meeting, Meeting Notes

·     HB 78 Retirement Systems; Defined Benefit (DOA,DORB, Leg Fin Div.)

·     March 11 - 1:30pm - State IT (OIT, OMB) Recorded Meeting, Meeting Notes

 

 

Senate Resources meetings



March 9 - Recorded meeting, documents

·     SJR 26 - Support Native Corp Business Development Program

·     SB 253 - Sulfur Content of Marine Fuel

·     SB 224 - Public Land : Sale/Lease/Commercial Develop

March 11- Recorded meeting, documents

·     Railbelt transmission Update: Alaska Energy Authority - Curtis Thayer

·     Port of Alaska Energy Project: Terry Umatum, Director, Don Young port of Alaska.

 

 

Oil and Gas Pipeline Topics

What's limiting the "oil shock" this time around Axios

The U.S. is no longer as dependent on foreign oil. Today the U.S. is world's largest producer. And Iran's share of global production has decreased. Yes, but: The price of oil has increased in recent days, rattling markets and increasing prices at the pump, putting pressure on Trump.

 

Federal offshore oil and gas lease sale in Alaska’s Cook Inlet basin draws no bids | Alaska Beacon

'Big, Beautiful' auction for drilling rights in Cook Inlet is a bust Alaska Public Media

Lease sales in Cook Inlet draw nearly zero interest from oil and gas companies - Anchorage Daily News

The first in a series of newly mandated oil and gas lease sales for federal waters of Alaska’s Cook Inlet received no bids, agency officials said on Wednesday

(My comment: This is no surprise. With focus on proposed North Slope gas pipeline, who would invest in more gas exploration in Cook Inlet?)

 

Top Alaska court takes up lawsuit challenging trans-Alaska gas pipeline law Alaska Beacon

The Alaska Supreme Court is considering whether to advance a lawsuit that claims the Alaska Constitution conflicts with a state law that directs construction of a trans-Alaska natural gas pipeline.

 

Alaska gas line LLC says it did not secretly change its name. Reporting from Alaska

 

Venture Global’s CP2 LNG plant costs increase by $4 billion | BOE Report

The anticipated construction cost for two phases of Venture Global’s CP2 LNG liquified natural gas project has jumped by $4 billion, or just under 14%, the company said in an annual report released earlier this week. It cited design modifications, inflation and the potential impact of tariffs imposed by U.S. President Donald Trump, Venture Global is the second largest LNG exporter in the U.S. and was responsible for most of the output growth in the country last year. The company is currently constructing phase one of the 35 million metric tons per annum facility in Louisiana.

 

Alaska North Slope oil prices soar as lawmakers urge ‘fiscal discipline’Alaska News Source

Alaska North Slope oil surged to $94.08 Friday, a jump of over $12 from what it was Thursday, according to Alaska Department of Revenue data. Lawmakers across both parties say they’re hesitant to lean into the amount, though, with majority lawmakers urging “fiscal discipline.”

(My comment: We have to be careful! Its so easy to spend the increase because of all our needs like deferred maintenance, Federal cuts to funding for Medicaid/SNAP/behavioral health, infant learning, and more.)

 

Begich calls on Alaska lawmakers ‘not to become a roadblock’ to LNG pipeline - Anchorage Daily News

Begich urges legislature not to ‘roadblock’ LNG gas line as lawmakers scrutinize next steps Alaska News Source

Rep. Begich tells legislators to seize the moment on resource extraction and gas lineAlaska Public Media

Begich asked lawmakers to consider cutting taxes to incentivize the development. His remarks came as some lawmakers in the Alaska House and Senate majorities have expressed skepticism about the construction timeline for a project that is set to cost at least $44 billion.

(My comment: This price quote of $44 Billion is massively LOW! If he’s referring to the pipeline only, imagine what the price of the gas would be delivered to your home! This is out-of-touch-with-reality by a DC politician. The Alaska Legislature is NOT a roadblock to this project. We are asking the hard questions to ensure the people of Alaska aren't left with a failed project that costs citizens! The gas from this pipeline has to be affordable, lower the cost of heat/light for ALL Alaskans, not just serve a private company in gathering profits off our resource.)

 

 

Current Topics

OCS responds to audit that found Alaska failed to fully implement foster care reforms - Anchorage Daily News

Entry-level caseworkers are paid around $28 an hour, Guay said. The state is trying to bring on workers who have at least an understanding of the realities of the job. A realistic job profile video the department released includes workers talking about how heartbreaking the job can be, with one recounting a child’s severe injury. The video also flashes on scenes of injured children, the inside of filthy homes and X-rays as examples of some of what employees will be exposed to, before ending with workers describing their motivation for choosing the job.

(My comment: The Dunleavy administration removed the higher qualifications for most state government jobs. As a result, Office of Childrens Services has folks applying who have no social services knowledge or experience. This is a job that requires understanding of emotional and physical elements of humans, not just experience in a coffee shop.)

 

Alaska Supreme Court considers limits of executive and legislative power, including on abortion Alaska Beacon

For years, politically conservative members of the Alaska Legislature have attempted to restrict state-paid abortion care via language in the annual state budget. That maneuver and similar actions could be ruled unconstitutional by the Alaska Supreme Court, which on Wednesday heard oral arguments in a lawsuit that may determine the limits of the Alaska Constitution’s confinement clause, which requires that budget bills be limited to spending and not include policy changes.

 

Editorial: Decision time in Juneau: Discipline or make it rain? - Anchorage Daily News

For Alaska, that means something very specific: more money. But before Gov. Dunleavy and the Alaska Legislature start eyeing a fresh pile of cash like kids staring at a cookie jar, let’s get something straight. This is not prosperity. This is a temporary windfall driven by war. Deposits into reserves like the Constitutional Budget Reserve — or even better, the Permanent Fund — would help rebuild the savings Alaska burned through during the last decade of deficits. Strategic investments in infrastructure, education and economic development would strengthen the state long after oil prices fall again. What Alaska should not do is hand the entire windfall to voters as a massive dividend. That’s not fiscal policy. That’s a sugar rush.

(My comment: I agree!)

 

Alaska lawmakers advance all-time high $523M Department of Corrections budget Alaska Beacon

Corrections officials pointed to ballooning costs for staffing the state’s 13 prisons and medical care for inmates, and recommended a new task force or consultant to address budgeting.

(My comment: This department's understaffing lends itself to eye-popping overtime hours. This is not safe for the inmates or the staff.)

 

State regulators intend to approve merger of two Alaska credit unions Alaska Beacon

The Alaska Division of Banking and Securities is planning to approve the merger of Credit Union 1 and MAC Federal Credit Union, the agency said in a public notice this week.

 

 

Things That I Found Interesting

Bunnies everywhere: Animal neglect case pushes Anchorage shelter to the brink Alaska Public

The city seized 103 bunnies, 36 hens and roosters, two cats and nine fish from a home in South Anchorage. They’re now being cared for at the facility, along with the regular assortment of animals. In all, the shelter is housing 240 animals in a space meant for about 150.

 

The Last Frontier venture of Wyatt Earp North of 60 Mining News

After the gun smoke cleared on the streets of Tombstone, Arizona, however, Earp did not simply ride into the sunset of retirement. Instead, he continued a restless repositioning toward the next opportunity to erupt on the American frontier. And that place was Nome, Alaska.

 

Long after run to glory, Balto lives on in the study of dog genetics - Anchorage Daily News

Researchers have used a tiny patch of skin cut from a taxidermy mount of Balto to determine that the 1925 Serum Run hero had no wolf in his recent background. They also found that Balto, a black husky built like a tank, was full of mixed-breed vigor and was adapted to make the most of a diet that included starch.

(My comment: Super interesting, probably because I love dogs!)

 

Repeat Anchorage shoplifters could face felony charges under new Quality of Life InitiativeAlaska News Source

Shoplifters who have racked up misdemeanor after misdemeanor in Anchorage could soon face felony charges — not because of any new law, officials say, but because the state and city are now using tools they already had. Attorney General Stephen Cox and Anchorage Municipal Attorney Eva Gardner signed a memorandum of understanding Jan. 8, formalizing a joint task force to address retail theft, public-space disorder and other quality-of-life crimes.

 

India now makes 25% of iPhones Axios

Apple now makes a quarter of its iPhones in India, after making a big push to move production away from China

 

Alaska accuses crowdfunding websites of violating law, using charities’ names without their consent | Alaska Beacon

In complaints filed at Anchorage Superior Court, the consumer protection unit of the Alaska Department of Law said GoFundMe, PayPal, Charity Navigator, Pledgling Technologies, JustGiving and Network For Good each violated the Alaska Charitable Solicitations Act thousands of times. 

 

Alaska DOT plans new subsidy program to boost cargo flights at Fairbanks airport | Alaska Beacon

The Alaska Department of Transportation and Public Facilities is planning to relax the requirements for a subsidy program intended to attract cargo airlines to Fairbanks International Airport. In a March 6 public notice, the department said it will waive landing and fuel fees for a year at Fairbanks for one or more airlines that provide at least three months of weekly cargo service between Fairbanks and a new destination city. 

 



Arctic

Opinion: Life lessons learned from mushing and old-time Alaska - Anchorage Daily News

My story is about family that welcomed immigrants from all over the world to be among the last groups of Indigenous people in the country, a life of taking good care of dog teams, and of parents who taught their children how to live in a wild, rugged frontier.

 

U.S. F-35s and Canadian CF-18 Fighters Train to Stop Cruise Missiles Approaching Through the Arctic. Army Recognition

Canadian CF-18 fighters and U.S. Air Force F-35s trained together in Alaska during Arctic Edge 26 to rehearse cruise missile defense operations under the North American Aerospace Defense Command. The exercise strengthens North America’s ability to detect and intercept low-flying threats approaching through the Arctic, a growing concern as long-range cruise missile capabilities expand globally.

 

More metals, less tailings at Greens Creek Metaltechnews

"There is no question that the tailings at Greens Creek contain a significant amount of in-situ metal, and we are actively evaluating opportunities to reprocess our tailings and maximize the extraction of silver and other critical minerals from the material," Mike Satre, Hecla's director of government affairs, told Metal Tech News. "In the meantime, we will continue to manage the dry stack tailings facility as permitted and plan for full reclamation and closure of the facility at the end of mine life."

 

'Real world' military exercise underway in Alaska, GreenlandAlaska Public Media

U.S. and allied military service members have begun the second week of a major training exercise in Alaska. Arctic Edge 2026, focuses on winter training for defending homeland from threats that include drone and missile attacks on military installations and key infrastructure. A Royal Canadian Air Force CF-18 Hornet arrives at Pituffik Space Base, Greenland, during Operation Noble Defender in January. Arctic Edge 2026 spokespersons declined to talk about the Special Forces training in Greenland, citing operational security. This year's exercise will extend into Greenland.

 

 

Economy

Opinion: Alaska needs more than blood money bailouts to provide for our future - Anchorage Daily News

Once again, extreme suffering abroad is likely to slightly alleviate some suffering in Alaska. It feels surreal and unsettling to live in a state where I read a headline about a foreign war and think, “How will this affect elementary school class sizes?” I feel a pit in my stomach at the thought that this war might be yet another excuse for our state leaders to kick the can down the road and off the cliff.

 

Iran notes: Putin, Hormuz, climate Axios

"The biggest winner out of this dire situation is Vladimir Putin and Russia, because high oil prices, where they are now, only replenish the Russian treasury and its ability to finance its war," prominent energy analyst and historian Dan Yergin said yesterday.

 

Charted: China's big crude buffer Axios

This chart helps explain part of why China is relatively well positioned to weather an energy crisis that could even bring long-term geopolitical benefits to the U.S. rival.

 

Russia wins economic war Axios

Russia is emerging as the clearest economic winner from the war with Iran. Higher oil prices are good for countries that export oil. You can see it in the data. The price of Russian crude oil has skyrocketed since the war began, surpassing the international oil benchmark this week despite heavy Western sanctions.

 

 

Education

After historic education funding increase, some Alaska lawmakers aim to boost the BSA again Alaska Beacon

 

Alaska lawmakers consider another increase to per-student public school fundingAlaska Public Media

Alaska lawmakers introduced new legislation in the House of Representatives that would raise the state’s per student funding for schools. They say it is critical to help school districts struggling with rising costs and ballooning deficits. 

 

Opinion: When Anchorage schools lose staff, students lose protection - Anchorage Daily News

When ASD recently approved its budget for the 2026-27 school year, what struck me most is the fact that there will be approximately 500 fewer adults working to keep our kids safe. Teachers will have four more kids in every classroom, which for some could mean upwards of 45-50 students in one period.

 

Opinion: We graduated from Alaska’s public schools. We’re proud of that system — and concerned for it. ADN

 

 

Alaska Senate passes bill requiring civics education for high school studentsAlaska Public Media

Alaska students could have a new graduation requirement in the not-too-distant-future. The Alaska Senate unanimously passed a bill Monday that would mandate a new civics course or exam for students who start ninth grade in 2027.

 

Lawmakers propose per-student BSA funding increase after leaders say education is deteriorating Alaska News Source

After more than a month of testimony from state school leaders describing a deteriorating state of education, the House Education Committee introduced HB 374 Monday, proposing a substantial increase to the per- student funding formula. The bill uses the same funding mechanism that narrowly survived a veto override last year, now making its future uncertain.

 

 

Elections

Alaska officials stonewall state legislators on justification for handing voter data to feds Alaska Beacon

The head of the Alaska Division of Elections will not share legal advice that led to the state’s decision to send an extended voter list to the U.S. Department of Justice.

 

New lawsuit again asks Alaska election officials to change language in repeal ballot measure ADN

If approved by voters, Repeal Now’s ballot initiative would revert Alaska’s elections to partisan primaries and pick-one general elections. It would also eliminate new campaign finance reporting requirements that require campaign groups in Alaska to share the names of their top funders.

 

Candidates in Some States Spend Campaign Cash on...Security - NCSL

Political violence “is becoming more and more normal,” McKell says, and affecting people on both sides of the aisle. “We need to reverse that trend, but until we do reverse that trend, this is an appropriate step,” as it can be difficult to find money for security from other sources, such as a state budget. Six states have statutes allowing candidates to use campaign funds for security services. California, Illinois, Louisiana and Minnesota allow candidates to spend campaign funds on security for themselves and family members’ homes. 

 

Stat du jour: Billionaire donors Axios

Billionaires made a stunning 19% of all reported federal campaign contributions in 2024 — more than $3 billion in total, the N.Y. Times reports in a worthy-of-your-time story on wealthy donors overwhelming the political system. That number was 0.3% before the Supreme Court's 2010 Citizens United decision.

 

 

Healthcare

Bill loosening restrictions on physician assistants passes Alaska Senate ADN

The Alaska Senate has passed a bill that would allow physician assistants with sufficient training to practice as members of a physician-led team, removing the state’s current requirement that they work under a formal collaborative agreement with physicians.

 

 

Politics

1 big thing: America's big lie Axios

Most Americans are too busy for social media, too normal for politics, too rational to tweet. They work, raise kids, coach Little League, go to a house of worship, mow their neighbor's lawn — and never post a word about any of it. This isn't a small minority. It's a monstrous, if silent, majority. Most Americans are patriotic, hardworking, neighbor-helping, America-loving, money-giving people who don't pop off on social media or plot for power. The hidden truth: Most people agree on most things, most of the time. And the data validates this, time and time again.

 

War tests Dubai as safe space for the super rich Axios

Along with its neighbors Qatar and Saudi Arabia, the Emirates spent years diversifying away from oil, using trillion of dollars in sovereign wealth to grease the wheels of global finance. Asia's richest families are reconsidering their exposure, Bloomberg reported this morning, with some rethinking their relocation plans or ways to scale back investments.

 

1 big thing: World at war Axios

Ten days into President Trump's Iran campaign, the war has gone global. At least 20 countries are now militarily involved — shooting, shielding or quietly supplying — while a widening energy shock punishes nations far from the front lines.

 

⚠️ Exclusive: Costly drone snafu Axios

Nearly seven months ago, Ukrainian officials tried to sell the U.S. their battle-proven technology for downing Iranian-made attack drones. They even made a PowerPoint presentation — obtained exclusively by Axios — showing how it could protect American forces and their allies in a Middle East war. The Trump administration dismissed the Ukrainians, only to reverse course last week because of more-than-expected drone strikes from Iran. Snubbing Ukraine's offer ranks as one of the administration's biggest tactical miscalculations since the bombing of Iran began Feb. 28

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (03/02/2026): $94.08

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 (3/09/26): 457,810 bpd

 

Precious Metal Prices

March 11, 2026

Gold - $5156.53

Silver - $85.74

Platinum - $2,161.50

Copper - $5.83

Palladium - $1,645.75

Rhodium - $11,650

 

Alaska Permanent Fund

website

How is the Fund invested? Alaska Senate Finance Committee, presenters: Callan, Investment Advisors. Callan said that APF is "one of the best run portfolios among our clients".

February 25, 2026 Link to meetingMeeting Notes.



Alaska Permanent Fund’s performance compares favorably to peers, evaluators tell lawmakers - Alaska Public Media

 

Fund value March 9, 2026 - $88,114,500,000

 

PFD payout from ERA, Fiscal years 1982-2025: about $31.3 billion

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

 

 

March is Women's History Month

 

Jennifer "Jane" Wainwright Mears was a dynamic energic pioneer, prominent in Anchorage's early history because of her activities on behalf of the original development of Anchorage's public school system. During the time the Mears family lived in Anchorage, the Alaska Engineering Commission built its first two schools in 1915 and 1917. Mears was the "prime factor:" leading to the organization of the Anchorage Woman's Club and served as its first president . Mears devoted herself to the community and inspired community participation in music and theater, fostering the beginnings of cultural activity in Anchorage. In 1965, the Anchorage School Board recognized her contribution to public education by naming Mears Junior High School (now Mears Middle School) in her honor. (Alaska Woman's Hall of Fame)

 

 

Alaska History

·     1948, March 12 - DC-4 crashed on Mt.Sanford, killing 30

·     1914, March 12 - Alaska Railroad authorized

·     1929, March 14 - International Airways commercial passenger service, Alaska - Seattle

·     1894, March 17 - Baranof Castle (Governor's House) in Sitka burned

·     1985, March 20 - Libby Riddles won Iditarod

·     1913, March 21 - Women's Suffrage in Alaska

·     1989, March 24 - Exxon Valdez Oil Spill

·     1997, March 24 - Adak Naval Facility closed

·     1986, March 27 - Mt. Augustine erupted

·     1964, March 27 - Largest recocrded earthquake in North America in Alaska (Richter scale 9.2)

·     1911, March 29 - Copper River and Northwestern Railroad completed

·     1867, March 30 - William Seward signed Alaska Purchase treaty from Russia

 

 

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

 

ALSO ...

District E Community Meeting

with Rep. Holland (Dist. 9), Rep. Kopp (Dist. 10)

April 18, 10 AM to Noon

Christ Our Savior Lutheran Church in Upstairs Event Space

(1612 Oceanview Dr, Anchorage, AK 99515)

Format: Brief presentation from each of us, then rest of it is listening to you and answering questions.

 

 

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