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State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

May 23, 2026

 

 

Dear Friends and Neighbors,

 

We have such great news reporters in the Capitol! There has been very accurate reporting done all session.

Articles cited in this newsletter summarize actions on last day of 23rd Legislature.

 

Gas Pipeline

Staff and I will continue to watch both Finance committees, even though we no longer have our hands on it. Concern is that most of the Senate Committee doesn't live on the Railbelt, so won't be directly affected by the gas price for consumers.

 

Summary of House Finance meeting (5/22/26) is in a section of this newsletter.

 

Skepticism looms as an obstacle over Alaska Legislature’s special gasline session Alaska Beacon

 

The risk is if only Phase 1 is built. In that scenario, the Department of Revenue estimates, Southcentral Alaskans could end up paying more than $27 per mcf under current law and almost $23 per mcf under the governor’s proposal.

Speaking Thursday during the Alaska Sustainable Energy Conference, Glenfarne CEO Brendan Duval offered conflicting statements about the pipeline’s financing.

At one point, he said that he had sufficient investments to construct the first phase without any tax breaks. Later, talking with Dunleavy, he said the tax bill is “a critical condition” for pipeline construction, as is a gas-purchase agreement with ENSTAR, the middleman that supplies most of Southcentral Alaska with natural gas. 

(My comment: Yes, Glenfarne told us in November 2025, in Executive Session of Legislative Budget & Audit, that no legislation (tax cuts) would be needed. Executive Sessions are not recorded, so I can't send it to you. The struggle: Risk of only Phase One, conflicting or no information from little-known private company. Glenfarne has two projects in U.S. that are much smaller, worked on longer, and still not to FID (final investment decision); maybe that's because they are not getting tax breaks there either.)

 

AOGCC tells Senate Resources new Pt Thomson offtake may be needed Petroleum News

The Alaska Oil and Gas Conservation Commission updated the Senate Resources Committee on Point Thomson May 13, telling the committee that its existing gas offtake order for the field, issued in 2015, may need to be updated.

(My comment: This is very important. New information about this very complex oil/gas field calls for reassessment of how much gas can be removed.)

 

Glenfarne CEO says Alaska LNG financing hinges on tax legislation Anchorage Daily News

“We know so little about what actually Glenfarne is doing. We know so little. It’s all left to speculation, and I don’t care to speculate,” said Edgmon, a Dillingham independent.

 

LNG Special Session: Lawmakers vote to start work next week. Alaska News Source

Senate Majority Leader Sen. Cathy Giessel, R-Anchorage, defended the legislature’s approach. “We’re doing what we believe is the best thing for the people of Alaska,” Giessel told Alaska’s News Source. “We’re supporting a gas pipeline, but not at any cost to Alaskans.”

 

Alaska LNG: A personal archive Alaska Beacon

They haven’t sent out any brochures or hosted any meetings, but I’m trying to write down what they say anyway, so that a few years from now, I can flip though my now organized and labeled folders and highlight the dates that came and went, the promises made and abandoned, just the latest in an archive of corporate lies.

 

 

 

Two bills that I worked on that passed:

 

SB 147/HB 195 Pharmacy Patient Services – Pharmacists hold doctoral degrees. There are 520 pharmacists in Alaska, and 860 pharmacy technicians.

 

This legislation, if allowed into law by the Governor, allows pharmacists to diagnose and treat simple illnesses that can be diagnosed with a test done in the pharmacy (examples: sore throat, urinary tract infections, colds, flu, etc.). Pharmacists can then prescribe treatment for these simple, test-confirmed diagnoses, as well as renew prescriptions for chronic care for asthma and diabetes. They can provide HIV prevention medications, contraceptives, and smoking cessation services.

 

They cannot make new diagnosis that is outside what can be confirmed with CLIA-waived test. They cannot prescribe opioids or other medications on prohibited lists. No medications from REMS list can even be purchased by a pharmacist.

 

This patient services authority exists for pharmacists in 30 other states. Savings: $277/visit treated by local pharmacist rather than at healthcare clinic. Pharmacies are often open for much longer hours, on city and neighborhood streets, and well known to citizens.

 

Local pharmacists are positioned in communities all over Alaska. They can meet healthcare needs of Alaskans quickly, safely, less expensively, and prevent complications. Twenty-four other states equip their pharmacists to provide these services.

 

Myth-buster: No pharmacist is authorized to prescribe or dispense for medication abortion. State laws prohibit it: AS 18.16.010 (a) and AS 18.16.090. In addition: the Federal Drug Administration prohibits Mifepristone from being on the shelf in a community pharmacy (see REMS – Risk Evaluation & Mitigation Strategy, FDA website).

 

 

HB 210, SB 205 Occupational Disability Coverage – amended into HB 14

Under current law for defined contribution retirement program, a public employee who becomes disabled while serving the public receives an occupational disability benefit equal to 40% of their gross monthly compensation at the time they left service. This 40% was set in the 1950s.

 

SB 205 increases that benefit to 75% of their gross monthly pay. This change applies to members of both the Public Employees’ Retirement System Defined Benefit Plan and the Defined Contribution Plan, ensuring equitable treatment across retirement tiers. The bill also provides for an immediate effective date.

 

The bill ensures injured public employees are not pushed into poverty and do not lose their retirement security.

When a public employee is injured in the line of duty, the financial consequences can be devastating. The sudden loss of income, combined with medical expenses and long-term recovery needs, places significant strain on individuals and their families.

 

Example: State Trooper earning $6,000/month

Disabled by gunshot wound - income drops to $2,400/month

This bill sets disability income at $4,500/month (75% of previous salary)

 

Can we afford it? YES! Trust funds are far more than fully funded:

       PERS: 399% funded

       TRS: 5,172% funded

This is not a funding problem.

This is a policy design problem.

 

HB 210/SB 205 reflects reality:

     People permanently disabled usually cannot supplement income

     Medical costs are often higher

     Families still need housing, food, transportation, and childcare.

 

I know 3 state troopers, shot on job, 100% disabled – one lost his home, another divorced, all are living in poverty, all have no health insurance so can’t afford healthcare for their injuries, all will never be able to work again.

 

About 11 years ago, two on-duty state troopers were shot and killed in rural community. Both had children/wife who were left with no financial support (they were not pension recipients) and no healthcare coverage. Legislature passed legislation that gave the two widows healthcare coverage for 10 years.

 

This is a real problem. This bill corrects this serious gap.

I hope the Governor doesn’t veto this.

 

May 21 - Special Session begins

House and Senate gaveled in on May 21, adopted resolutions permitting finance committees to function, floor sessions to be held as needed.

 

Gas Pipeline

Staff and I will continue to watch both Finance committees, even though we no longer have our hands on it. Concern is that most of the Senate Committee doesn't live on the Railbelt, so won't be directly affected by the gas price for consumers.

 

 

Items in this Newsletter:

·    Action on Last 2 Days...

·    Questions from Constituents

·    Gasline Finance Committee Meetings

·    Podcast: Pipeline Impossible: Deadlines Reckoning

·    Plastic Recovery Newsletter

·    Oil and Gas Pipeline Topics with Current Topics, Stuff I Found Interesting, Education, Politics, Healthcare

·    Resource Values, Permanent Fund Data

·    Alaska History

 

 

 

 

Actions on Last 2 Days...



Alaska Legislature approves millions in annual energy relief funding for schools starting next year Anchorage Daily News

 

Alaska Legislature passes balanced budget on final day of session Anchorage Daily News

 

Long list of bills from budget to snow classics before legislators on final day of regular legislative session. Juneau Independent

 

Budget heads to governor with $1,200 PFD attached Alaska News Source

 

Special session bound, packed crime bill passes, pension override fails and more Alaska Memo

This collection of news articles covers the huge variety of bills that passed and didn’t. Great reporting!

 

Rural fuel crisis: Alaska passes fuel loan expansion, but lawmakers warn it won’t be enough Alaska News Source

As rural Alaska faces soaring fuel prices and the threat of shortages; lawmakers say a crisis is on the horizon. The Senate unanimously passed a bill expanding the Bulk Fuel Loan program Wednesday, the last day of its regular session, sending it to the governor, but lawmakers are clear: this legislation alone won’t avert the crisis.

 

Alaska Legislature approves the use of ‘baby boxes’ to accept surrendered infants Alaska Beacon

Hospitals, fire stations and clinics in Alaska may soon have ‘baby boxes’ able to safely and anonymously accept infants surrendered by parents who may be unable to care for them. In a 35-5 vote Monday, the Alaska House of Representatives approved Senate Bill 9, amending the state’s safe-surrender law for infants to permit the construction of unmanned drop-off locations at public facilities. The Senate initially approved the bill in Apri

 

Alaska LNG: A personal archive Alaska Beacon

 

Alaska Legislature adjourns regular session with special gasline session set for Thursday Alaska Beacon

 

Legislature adjourns regular session to determine gas line future in immediate special session Alaska News Source

In their two-year term, the 34th Legislature passed 111 bills, on par with the 33rd Legislature, which passed 101 bills, and the 32nd Legislature, which passed 112. Of the 111 bills passed by the 34th Legislature, Dunleavy has vetoed 12, including one he vetoed less than three hours before lawmakers adjourned on Wednesday. 

Following recent legislative hearings, and watching Glenfarne executives attempt to justify their asks for free gravel and tax-exempt passage across state, borough and private lands, it seems that the laughably vague dollar sign graphs are still the best available data. Glenfarne is simply the latest character in a saga that has outlived its welcome.

(My comment: Governor Dunleavy has been absent from Juneau nearly every single day during the session. He has made no (repeat-no) engagement with the Legislature on the gasline. He is lying to the public. The contract between AGDC and Glenfarne is hidden but it is widely expected that there is a clause that requires the State of Alaska to pay for all Glenfarne expenses if this pipeline doesn’t go forward. I am hoping Sitka Senator Stedman (who has no personal interest in Railbelt energy issues) will not give away everything to Glenfarne through the Finance committee version of the bill.)

 

Lawmakers again vote to update Alaska’s corporate income tax Anchorage Daily News

Alaska lawmakers passed a bill on Wednesday, the last day of the legislative session, that would update the state’s corporate income tax and raise up to $15 million in new revenue. It mirrors parts of legislation vetoed by Gov. Mike Dunleavy in September. Lawmakers attempted unsuccessfully to override the veto when they gathered in Juneau in January. Dunleavy then himself introduced the corporate income tax update as part of a broader fiscal plan meant to resolve the state’s structural deficit. Lawmakers largely rejected Dunleavy’s proposed fiscal plan but continued to push for the corporate income tax change.

 

Alaska Legislature passes sweeping crime and public safety bill Anchorage Daily News

 

Alaska Legislature passes sweeping crime bill raising age of consent to 18 on last day of session Alaska Public Media

 

Crime package combining bills for a wide range of offenses passes Legislature Juneau Independent

 

Alaska Legislature approves wide-ranging crime bill package Alaska Beacon

The Alaska Legislature passed a 65-page package Tuesday that encompasses changes to over a dozen areas of public safety and criminal law, from raising the age of consent to cracking down on mail theft. The Senate unanimously passed the bill Tuesday, and the House voted to concur with changes in the bill 39-1 on Wednesday, the final day of the session. The legislation ultimately rolled 14 bills and two other provisions into one package.

 

Alaska lawmakers approve ban on polystyrene foam food containers Alaska Beacon

Restaurants in Alaska will have to stop serving food in disposable polystyrene foam containers, under a bill passed by the Legislature and awaiting Gov. Mike Dunleavy’s signature.

 

Alaska Legislature approves public opt-in retirement plans for businesses statewide Alaska Beacon

The state of Alaska may soon offer managed retirement accounts to businesses in the state that don’t already offer a retirement plan. By a 31-9 vote on Monday, the Alaska House of Representatives approved Senate Bill 21, the “Alaska Work and Save” program sponsored by Sen. Bill Wielechowski, D-Anchorage. 

 

Lawmakers look to enact campaign contribution limits, preempting Alaska ballot initiative Anchorage Daily News

 

Opinion: The fight for voting rights is not history Anchorage Daily News

If allowed to go into law, House Bill 16 would limit the size of contributions to candidates for legislative seats, the governor and the lieutenant governor in Alaska, beginning this summer. An effort to delay the effective date until after this year’s election cycle failed in the House.

 

‘Mini-bus’ education funding and policy bill passes Legislature on last day of session. Juneau Independent

Legislation potentially boosting education funding by nearly $150 million — in classrooms, energy assistance for schools, and other ways — cleared the Alaska Legislature on the final day of this year’s regular session.

 

 

Questions from Constituents

 

1. Is it your intention that any gasline legislation passing the Senate will address the need for a fair tariff methodology for the Phase 1 pipeline (which may be the only phase ever built)? It will be overbuilt for instate consumer needs by a factor of 10-15 times based on all I've read, and it does not seem to me equitable that we gas consumers should pay the full tariff for such an overbuilt pipeline. We shouldn't have to pay more than if the pipeline were sized for actual instate consumer needs.

 

My answer: YES!! Super concern! Phase one throughput well exceeds need! That is why we put a price cap of $12/mcf using the Governor's promise to Alaskans (which is absurd and a lie, but he knows close to nothing about this pipeline.).

SB 280 also has statement that cost overruns may NOT be pushed back on Alaska consumers. We have a glitch in definition of "cost overruns" which we didn't have time to correct.

The entire Phase One is a moving target: Glenfarne/AGDC first told us that gas would come from Great Bear's Pantheon lease, which is presumed to have few contaminants/need no treatment. Then...it changed. Now gas coming from North Star lease and Pt Thompson and will need a small Gas Treatment Plant. So...what is cost of that. No real answer. There has been a $16B number alluded to.

 

2. 8 Star Alaska, the pipeline joint venture between AGDC and Glenfarne, is, like HillCorp, an LLC. Hilcorp, as I understand it, does not pay state income taxes. Does that mean that 8 Star Alaska will also be exempt from these taxes? It does not seem reasonable to me that Alaskans should be asked to subsidize a company that does not pay state income taxes, such as by cutting its property taxes 90 percent.

 

My answer: YES! Glenfarne is an LLC. As you may know, or could look up, IRS tax code identifies "pass through entities" which are LLC, limited partnerships, and S-Corps. Alaska adopted Federal tax code back in the 60s. These entities pay IRS taxes through the owners of these entities' personal income taxes. Well, in 1980 Alaska repealed the personal income tax, so none of these entities pay any tax to State of Alaska on corporate earnings.

To be fair, these entities include large medical clinics, attorney groups, and others.

My "S-Corp" tax, in SB 280, begins at $1 million in net earnings at lowest tax bracket, going up from there. The tax is on any company oil/gas/or transporation entity of oil/gas.

Opposition says that its not "fair". I'm happy to make the tax apply to all pass-through entities but some legislators fear complaints from doctors and lawyers.

 

 

Gasline Finance Committee Meetings

 

Senate Finance meetings scheduled on SB 2001

May 27 at 9 AM

May 28 at 9 AM

 

House Finance, May 21, 2026 on HB 2001

Recording. Documents.

At about the 2:55 - 3:05 time marks you will hear:

Question: if only Phase One is built, compared to price in Imported Gas.

Assumption is there will be baseload user of 50 bcf/year as Agrium reopening to increase gas use. (Railbelt consumption - 70 bcf/year)

Price to utilities:

·    current law: $22.70/mcf

·    Governor's idea: $18.60/mcf

Consumers: current delivery charge add $3.67/mcf (assume increase to $4.36)

 

Prevailing value for CI gas = $8.74

Time 2:45 - Imported gas price, calculated by Dept of Revenue, used report to ENSTAR by BRG (June 2023). DOR inflated to 2025 = about $17.00

 

2:50 What about Cook Inlet gas? 2022 study by DNR gas supply, assumed in-state gas supply would not displace CI production.

 

4/29/26 Senate Resource discussion of in-state only use case (document)

 

2:55 Mr.Stickel admits that actual project costs are not known.

 

 

Podcast: Pipeline Impossible: Deadlines Reckoning

 

May 21, 2026 - 44 mins.

Hosts: Andrew Halcro

 

Governor Mike Dunleavy calls lawmakers back into session to chase a mythical pot of gold.

 

 

 

 

Alaska Plastic Recovery

 

May 21st, 2026 Newsletter



Alaska Plastic Recovery’s (APR’s) mission is to create useful construction products from recycled plastics. The source material is derived from Plastic Ocean Waste provided by several marine debris clean-up efforts, from residential recycling programs, and from industry. APR’s processing facility is entirely mobile, allowing it to move from community to community where recycled plastics are stored, convert this plastic into useful construction products (e.g. Recycled Plastic Lumber, Recycled Plastic Bricks), and sell the resulting products through local sales channels.



 

 

Oil and Gas Pipeline Topics

De-escalation hits ANS Petroleum News

Alaska North Slope crude dropped $1.95 May 19 to close at $119.85 per barrel after President Donald Trump called off a planned military strike on Iran to give Iran’s neighbors in the region more time to advance ongoing peace negotiations. West Texas Intermediate fell 89 cents to close at $107.77 and Brent fell 82 cents to close at $111.28.

 

AOGCC tells Senate Resources new Pt Thomson offtake may be needed Petroleum News

The Alaska Oil and Gas Conservation Commission updated the Senate Resources Committee on Point Thomson May 13, telling the committee that its existing gas offtake order for the field, issued in 2015, may need to be updated.

 

State, POSCO sign MOU for six projects Petroleum News

On May 18, the state of Alaska entered into a memorandum of understanding with POSCO International Corp., a leading South Korean energy, mobility and sustainable infrastructure company, to advance six transformation projects across Alaska.

(my comment: Governor says Alaska is open for business. So he hires South Korean company.)

 

Alaska LNG: A personal archive Alaska Beacon

 

 

Current Topics

Alaska Legislature adjourns, begins special session on Alaska LNG project Anchorage Daily News

 

Tense start to special session as finance committees set to consider gasline bills while most lawmakers leave town Juneau Independent

 

34th Alaska Legislature ends regular session after passing dozens of bills on final day; special session on gas line starts Thursday Juneau Independent

 

Alaska lawmakers adjourn one session and begin another to mull tax breaks for LNG project Alaska Public Media

 

Gov. Dunleavy vetoes effort to modernize statewide transit planning process Anchorage Daily News

 

Anchorage airport warns of unusually long security lines due to TSA equipment delays Anchorage Daily News

 

Anchorage air travelers caught in long TSA lines Alaska Public Media

Security waiting lines at the Ted Stevens Anchorage International Airport are unusually long and will likely remain so through Friday, airport officials warned Thursday.

 

 

Stuff I found Interesting

Southcentral Alaska’s chilly spring prompts avalanche alerts for hikers Anchorage Daily News

The Friends of Chugach Avalanche Center posted an alert Thursday warning of a large slide blocking the road to the Crow Pass trailhead in Girdwood. Many popular trails within the Chugach National Forest, such as Byron Glacier and Crow Pass, continue to pose an avalanche hazard risk “as we can’t quite shake this cold, wet spring,” according to the alert from the nonprofit group affiliated with the Chugach National Forest Avalanche Center.

 

Opinion: Jay Hammond’s very bad idea Anchorage Daily News

That pandering is smart politics because, after receiving free money for 43 years, if they were required to choose between continuing to receive a dividend check or allowing the Department of Transportation and Public Facilities to use the money to buy asphalt to fill potholes in the Seward Highway, a majority of the voters who will elect the next governor will drive around the potholes.

But that’s not the worst of what Jay Hammond’s very bad idea has wrought.

 

Education

Alaska Legislature approves millions for facilities upgrades at Mt. Edgecumbe High School Alaska Beacon

Mt. Edgecumbe has been the focus of public concern and legislative hearings this year, after more than 100 students disenrolled during the school year. Lawmakers called the state’s management of the school into question after witnessing deteriorating facilities, particularly dorms and student living areas. 

 

Anchorage students head into summer as district wraps up a turbulent year Alaska News Source

 

 

Alaska lawmakers approve one-time funding for K-12 schools, plus energy relief Alaska Beacon

Alaska lawmakers approved an additional $144 million in one-time funding for K-12 schools next year, plus a batch of education policy changes that garnered bipartisan support particularly aimed at boosting teacher retention and offsetting districts’ energy costs. 

 

Healthcare

Employer health spending is still going up Axios

The Milliman index takes into account the employer's premium contribution, the employee's share and any out-of-pocket spending, which is why it's so much higher than estimates that just focus on premiums. It found that costs for an individual person were $8,460 on average, a nearly 8% increase over last year and the biggest jump Milliman has tracked in a decade, not counting COVID-era fluctuations. The highest spending increases were for pharmacy and outpatient care.

 

Alaska Legislature Passes Landmark Bill Making Mental Health Education Equal to PE Frontiersman

As Alaska continues to grapple with the highest rates of suicide in the nation, including disproportionately high rates among young people, a bill that has just been passed by the Alaska Legislature, Senate Bill 41, seeks to address this urgent issue by introducing early education focused on mental health awareness, coping strategies, and suicide prevention for students.

 

Politics

Citizenship crackdown Axios

The Trump administration is temporarily moving immigration lawyers to the Justice Department to speed up efforts to strip citizenship from naturalized Americans,

 

Trump's personal profits Axios

He has set a precedent — once so unfathomable as to be laughable — that it's OK for presidents and family members to make billions off deals affected by government decisions, then use the Justice Department to secure lifetime protection from scrutiny of their past tax returns.

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (05/20/2026): $114.84

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

$64/barrel of oil.

History of prices:

3/23/2026: $101.05 (Iran War)

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 (COVID)

7/3/2008: $144.00

ANS production (5/20/26):455,950 bpd

 

Precious Metal Prices

May 20, 2026

Gold - $4523.14

Silver - $76.24

Platinum - $1935.40

Copper - $6.34

Palladium - $1374.00

Rhodium - $9,650

 

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.



Fund value May 21, 2026 - $88,700,400,000

 

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

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

 

 

Alaska History

·    1984, May 23 – First live radio broadcast from Denali’s summit

·    1977, May 24 – First weld on Trans-Alaska Pipeline

·    1867, May 24 – Congress (Senate) ratified Alaska Purchase

·    1898, May 27 – construction began on White Pass and Yukon Railroad

·    1867, May 28 – President Andrew Johnson signed Alaska Purchase

·    1979, May 29 – First dog team reached Denali summit

·    1936, May 29 – 200 Matanuska Valley settlers selected by lottery

·    1898, May 30 – 124 boats, more than 30,000 men left Lake Bennett for Dawson City

 

 

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)

·    Staff: Deneen Tuck (from Anchorage)



Copyright © 2026. All Rights Reserved.

 

 

 

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