Senate Majority Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

May 23, 2024

Dear Friends and Neighbors,

 

I spent Monday through Wednesday at the Alaska Sustainable Energy Conference, 3rd annual, here in Anchorage. Really great presentations on all topics from carbon capture to nuclear. Lots of renewable information. I especially enjoyed the hydrogen topics. Today (Thursday) is the last day.

 

On Wednesday, Governor Dunleavy spoke about the many energy bills we (the legislature) got passed in these 2 years but especially in 2024.

 

Carbon Sequestration (HB 50) moves us into this arena and I'm especially proud of the work I did along with Sen. Bill Wielechowski and the Dept of Natural Resources Commissioner Boyle and his team, to ensure that expenditures oil companies make to capture the carbon to use as Enhanced Oil Recovery substance would not be generously deducted from their taxes. Inside that bill we included provisions for the RCA to regulate the cost to consumers for natural gas storage.

Green Bank and Reserves Based Lending are two financial measures that can help companies attempting secure the finances to develop more Cook Inlet Oil.

Transmission Grid (HB 307) is a generational transformative legislation. For more than 60 years the policies in HB 307 have been discussed by the Railbelt Utilities. Every time, in the last 6 decades of trying, the efforts faltered...until NOW. HB 307 is a major step in updating our Railbelt Grid, maturing its generation, planning, and management functions. It was very hard work done by Senators Bill Wielechowski, Click Bishop and myself, collaborating with HEA, CEA, MEA, GVEA, ACEP, REAP, AKPIRG, IBEW, AEA, Governor's office, and many renewable companies. Its not perfect but it is a major step to ultimately reduce the cost of electric energy to Alaska communities (even those off the grid), businesses, and homes. This bill is a monumental step forward that will transform Alaska for generations. When the Governor signs the bill, he will be stating loud and clear that Alaska is open for business. We will continue to work on next steps.

 

 

Interim 2024

Even though the Legislature is adjourned, I and my office continue to work every day! This newsletter will continue weekly. I will continue to meet with folks with ideas, concerns, or legislation for January 2025.

Please email me or my staff (listed at the end of this newsletter) or phone the office. The office is not staffed every day, so if you'd like a meeting, please schedule something. I'm happy to meet in a coffee shop near you as well!

 

Items in this Newsletter:

·     APFC Fund Value Update 4-30-2024

·     Chugach Park Fund Update

·     Current Topics: Education, Economy, Minerals, Healthcare, Politics

·     Resource Values, Permanent Fund

Chugach Park Fund

Update for Spring

We are ready to be on snow free trails but it looks like we need to wait a while! Chugach Park Fund and our partner Alaska Trails are poised to begin work on this year’s big project at the start of the Hidden Lake Trail (off the Powerline Trail from Glen Alps). 

 

Here is a recent photo for you to see why work may begin later in June than originally intended. The area probably received 200 inches of snow this winter. This is progress as the top rails were not visible a month ago! 

 

This past month you have been incredibly generous with donations toward getting this project and the 2024 volunteer events underway. We appreciate everyones’ support.

 

CPF is sponsoring seven volunteer events this year and we would love to see you and your family, friends or coworkers participate.

 

Here are the dates: 

 

6/22/2024 South Fork Rim + Golden Grass Trails, adding gravel to help with drainage issues. This event is sponsored by Matson.

 

7/6/2024 Near Point (Prospect side), brushing and drainage improvements.

 

7/13/2024 Hanging Valley (South Fork Eagle River), brushing.

 

7/24/2024 Hemlock Knob (South Anchorage Rotary is putting together a team for this volunteer event) Begin work on removing and replacing old boardwalk and small drainage improvements.

 

08/24/2024 South Fork Eagle River Trail (Eagle River) brushing.

 

08/31/2024 Wolverine Trail brushing and drainage.

 

09/14/2024 Junction of Hemlock Knob & Powerline Trails complete replacement and removal of old boardwalk.

 

Sign up for these events at Vol

 

Chugach Park Fund was featured in the Anchorage Daily News last month.

Making CSP better. Please note the South Fork of Eagle River reconstruction and the CPF 2024 projects have no federal or state funding. It’s been impressive what dedicated trail users as well as generous foundations and sponsors can accomplish in partnership.

 

The annual celebration of Chugach State Park called Chugach Fest (link is Fest) will be held at Arctic Valley ski area over Solstice this year, June 21 in the evening and noon - 11 pm on June 22. Please stop by to meet the CPF volunteers and enjoy music, food and seeing friends!

Current Topics

Kodiak Police shift away from 24/7 patrols due to staff shortages. Alaska Public Media

By the end of May, the Kodiak Police Department will no longer be able to sustain patrols 24 hours a day, seven days a week due to steadily declining staffing levels.

 

An adoption story. Axios

May is National Foster Care Month. The VandeHeis hope Kelvin's story will encourage other families to take the leap of faith that they did five years ago, when Kelvin was 14.

 

Alaska's rusting waters: Pristine rivers and streams turning orange. Pys.Org

Dozens of Alaska's most remote streams and rivers are turning from a crystal clear blue into a cloudy orange, and the staining could be the result of minerals exposed by thawing permafrost. The impacted rivers are on federal lands managed by Bureau of Land Management, Fish and Wildlife Service and NPS, including Gates of the Arctic and Kobuk Valley national parks. Some samples from the waters have a pH of 2.3 compared to the average pH of 8 for these rivers. This means the sulfide minerals are weathering, resulting in highly acidic and corrosive conditions that release additional metals. Elevated or high levels of iron, zinc, nickel, copper and cadmium have been measured.

 

Researchers test ways to remove 'forever chemicals' from the environment and replace them in commercial goods. Phys.Org

An underground reservoir in Denmark is the location of a unique experiment: to test a technology for helping rid the environment of a widespread toxic pollution.

 

 

Economy

Worrying sign. Axios

An increasing share of Americans fell behind on their credit card payments at the beginning of the year, according to data out yesterday.

 

Women MBAs are asking for higher pay, but still earning less. Axios

The idea that women are less likely to ask for higher pay has long been one explanation for the gender pay gap — the difference in earnings between men and women — but new research finds women MBAs are now more likely to negotiate than their male counterparts.

 

Charted: Rate lock. Axios

This mortgage rate lock prevented 1.3 million home sales between the second quarter of 2022 and the fourth quarter of 2023, per a working paper from the Federal Housing Finance Agency out earlier this spring.

 

 

Education

Little understanding—and proof—of homeschool student performance and rules for reimbursements. Alaska's News Source

Fewer than 20% of homeschool students choose to take optional state or federal testing, compared to around 90% of students attending physical schools, depending on the test.

 

Alaska lawmakers unanimously request Social Security reform to help teachers. Alaska Beacon

The Alaska Legislature has unanimously approved a resolution asking Congress and federal officials to remove the Social Security Windfall Elimination Provision, which reduces Social Security benefits for many public employees, including teachers.

 

Supreme Court denies state request to delay homeschool funding decision. Alaska's News Source

An appeal by the State of Alaska has been denied by the state Supreme Court for a decision on when a law on more restrictive homeschool funding can be used.

 

4-day school week committee adjourns. Peninsula Clarion

The temporary committee of the Kenai Peninsula Borough School District’s Board of Education tasked with exploring the possibility of a four-day school week decided Tuesday to forgo a final meeting in June and instead deliver their recommendations for continued exploration to the full board in July.

 

 

Politics

Alaska lawmakers expand food stamp program with goal of preventing hunger, application backlogs. Alaska Beacon

Broad based categorical eligibility makes households with incomes less than twice of the federal poverty line eligible for the program. Previously, the threshold was 30% more than the poverty line in Alaska. It is a priority for food advocates because it allows more people to qualify and save up enough money to gradually exit the program. The bill also removes a component called the asset test, which kept people with more than $4,000 in savings from accessing food aid. That meant anyone with a car or a house would have to liquidate those assets and spend down cash before qualifying.

(My Comment: It was a pleasure to work with Rep. Genevieve Mina to get this bill passed.)

 

State lawmakers wrapped up their four-month session last night. Here’s what they did. Alaska Public Media

 

Alaska lawmakers end their session with late bills passing on energy, education. AP News

 

Legislative Session Ends with Changes for Energy, Healthcare, and Resource Industries. Alaska Business Magazine

 

Community solar legislation awaits governor's signature in Alaska. Solar Power World Online

 

A look at some of the bills that failed to pass the Alaska Legislature this year. Alaska Beacon

Energy legislation was a high priority for members of the House and Senate, and lawmakers did pass two big energy bills, but they failed to complete work on a bill that would have reduced the royalty paid by Cook Inlet oil and gas producers to the state. Members of the House who supported the bill said it would encourage additional drilling and production, but the Senate asked for independent financial modeling to analyze the costs and benefits, and that process began late due to delays by the Legislative Budget and Audit Committee.

(My Comment: The Senate did see modeling from both Gaffney Cline and the Dept of Natural Resource Commercial Division. Both financial models concluded that reducing the State Royalty would not be a substantial help to Blue Crest or Furie. That’s why the Senate put Reserve-Based Lending into another bill, which would provide loans for those companies to begin work.)

 

Bill to ban 'forever chemicals' in firefighting foams passes Alaska House and Senate. Alaska Public Media

A bill to ban harmful “forever chemicals” in firefighting foams passed the Alaska House and Senate by wide margins Wednesday. Now it’s on the way to Gov. Mike Dunleavy to be signed into law.

 

Alaska lawmakers approve bill ending use of firefighting foams with 'forever chemicals'. Alaska Beacon

The bill requires a switch to PFAS-free foams by the start of 2025. It also authorizes a program to remove PFAS firefighting foams from villages with fewer than 2,000 people. A bill last year that included similar provisions was vetoed by Gov. Mike Dunleavy.

 

Alaska House passes five bills past constitutional deadline. Alaska Landmine

The five bills in question should all be transmitted to Governor Mike Dunleavy (R – Alaska). That is unless the Legislature’s lawyers instruct them not to. All bills are reviewed by the Department of Law. It will be interesting to see what they say if the bills are transmitted to Dunleavy. And it will be really interesting to see if Dunleavy signs any of them or lets them go into law.

(My Comment: This is NOT the first time that legislative session ran past midnight. No bills passed after midnight in years past have been ruled unconstitutional.)

 

Gov. Dunleavy examining energy bills passed by Alaska Legislature. Alaska Beacon

Energy bills passed by the Alaska Legislature will help the state address natural gas supply problems in Southcentral’s Cook Inlet region and energy problems statewide.

 

Alaska Legislature passes bill enabling employers to use saliva tests for drugs, alcohol. Alaska Beacon

More Alaska employers may use saliva for drug and alcohol testing, thanks to a new bill that passed the Alaska Legislature on the final day of the regular session.

 

Alaska Legislature passes cancer-related bills as amendments to other legislation. Alaska Beacon

Alaska bar patrons will see new signs warning about the link between alcohol and cancer, and women at elevated risk for breast cancer will no longer have to pay extra money for more detailed examinations that go beyond routine mammograms, if bills passed by the Legislature are signed by the governor.

 

Alaska lawmakers approve additional support for addressing missing and murdered Indigenous people. Alaska Beacon

Lawmakers added protections to address the crisis of missing and murdered Indigenous people in Alaska last week, a move celebrated by activists who have devoted years to a campaign for equity.

 



Healthcare

SNAP benefits fall short, report says. Axios

SNAP benefits fail to cover the rising costs of groceries in 98% of U.S. counties, according to a new Urban Institute analysis. 

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (5/22/24): $84.35

FY24 budget (beginning 7/1) is fully funded at a

forecast of $73/barrel of oil.

Price on 9/30/23: $87.99

Price on 9/30/22: $86.91

Price on 6/29/22: $116.84

Price on 3/08/22: $125.44

Price on 12/22/21: $75.55

ANS production (5/21/24): 464,264 bpd



 

"There is still much to do": The world has a critical minerals problem. Axios

These inputs are vital to producing renewable energy and powering electric vehicles. And an International Energy Agency analysis finds that while supplies of critical minerals have so far outpaced demand, sharp increases in production are needed to facilitate Paris climate targets.

 

Number of the day: $100 billion. Axios

These credits, created by the sweeping 2022 climate law, would allow "energy projects with little to no tax liability to swap them for cash from deep-pocketed investors seeking to offset more substantial tax burdens."

 

Precious Metal Prices

May 16, 2024

Gold - $2369.42

Silver - $30.41

Platinum - $1037.85

Palladium - $994.90

Rhodium - $5400.00

 

Alaska Permanent Fund

website

 

Fund value April 30, 2024 - $78,600,000,000

PFD payout from ERA, Fiscal years 1980-2023: $29.7 Billion

Cost of PFD in Oct. 2022: $2.2 B

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



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 US