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Senator Cathy Giessel Newsletter

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Issues affecting

your family, community and jobs.

August 15, 2024

Dear friends and neighbors,

 

Please be sure to vote in this Open Primary Election on August 20!

All candidates are on the same ballot, so there's no restriction on who you can choose in the Pick One Primary.

Here's the link to In-Person Absentee and Early Voting. It's easy and polling places are open now, including this weekend.

There are people who say Alaskans aren't smart enough to understand our Pick-One Open Primary.

But the election in 2022 proved that wrong when Alaskans turned out in record numbers. Alaskans understood how to choose from the entire list of candidates on one ballot in the Primary.

Let's not go back to closed, political-party-controlled Primary Elections!

 

 

Cost of Energy

"Titanic" legal case that will help determine Alaska's energy future. Northern Journal

The wide-ranging hearing addressed a request by Anchorage-based Chugach Electric Association, the state’s largest utility and one of its largest buyers of natural gas, to raise its rates for all types of customers by an average of 5.5%. 

(My Comment: Friends & neighbors, please read this important article.)

 

Alaska Gov. Dunleavy signs measure into law boosting community solar projects. ADN

Gov. Mike Dunleavy signed a measure into law on Tuesday intended to boost renewable energy production, particularly in Southcentral Alaska. Senate Bill 152 passed the Legislature in May with broad support. The new law creates a streamlined framework for community solar projects, which typically involve people purchasing power from a central solar farm on a subscription model to reduce their electricity bills.

 

Supporters: lower power bills could be part of new 'net meeting' law signed by Dunleavy. Alaska's News Source

 

 

Local Tax Exemption Legislation to Benefit Farmers and Homebuyers Signed into Law

Governor Mike Dunleavy signed Senate Bill 179 into law, which prohibits local governments from adding transfer taxes to the sale of houses and other real property, improves the program that provides property tax breaks to farmers, allows municipalities to defer taxes on property used for economic development, and improves the required assessor qualifications and property tax appeals process. 

 

 

Items in this Newsletter:

·     Alaska Business Magazine Energy Articles

·     Kotzebue's Legacy as a Wind Energy Pioneer

·     Alaska Center for Energy and Power Opening for Engineering Project Manager in Fairbanks

·     Current Hot Topics, Things I Found Interesting, Education, Economy, Minerals, Healthcare, Politics

·     Resource Values, Permanent Fund

Alaska Business Magazine, August 2024

Energy Special Section

 

Energy in the north is critical for our well-being and even survival. Here are some really interesting stories about energy innovations happening around our state. I think you will be amazed and impressed by them.

 

Cordova Data Center

 

Railbelt Electricity Transmission

 

Seward Heat Loop Project

 

Run of River Hydro

 

Geothermal Grid Power Closer Than Ever

 

Solar Power

Photo: Juxtaposition of much larger 900 kW EWT wind turbines being installed with a much smaller AOC wind turbine

in the background in 2012. Photo courtesy of the Kotzebue Electric Association.

 

This is an excerpt of a story from ACEP’s blog From the Grid: Dispatches from Alaska’s Energy Sector.

 

By Brad Reeve 

 

The remarkable story of the Kotzebue energy system began with the vision of one man, Brad Reeve, the former manager of Kotzebue Electric Association. This was back in the early 1990s, and the utility scale wind market was just really beginning to get a foothold in the power generation industry. There was a healthy degree of skepticism about what role wind energy could play in commercial wind generation anywhere, let alone in an isolated community above the Arctic Circle. But Brad believed it could be done, and he set out to prove it.

 

Read the full story.

Current Topics

Record-high temperatures bake Deadhorse and other sites on Alaska's North Slope. Alaska Beacon

At Deadhorse, the industrial camp community next to the Prudhoe Bay oil field, the temperature hit 89 degrees. It was not only an all-time high for Deadhorse but appears to be the highest temperature ever recorded at any site above 70 degrees latitude in North America, said Brian Brettschneider, a National Weather Service climatologist.

 

The parent companies of 2 of Alaska's grocers want to merge. Here's what we know. Alaska Public Media

PODCAST: Last week, Alaska Congresswoman Mary Peltola joined 27 other D.C. lawmakers from 16 states in a legal brief backing a lawsuit by federal regulators to block a massive, national grocery store merger. Most Alaskans live in a community where a Fred Meyer store competes directly with a Carrs or a Safeway, so the proposal for one parent company to buy the other for $24.6 billion has a lot of Alaska consumers worried. 

 

 

Stuff I Found Interesting

Information Overload: Brain Expert John Medina on Combatting Cognitive Biases. National Conference of State Legislatures (NCSL)

If you’re feeling stressed, overwhelmed or just plain confused by the onslaught of competing messages thrown at you in today’s 24-7 information blitz, molecular biologist John Medina understands.

 

Meet Your New Intern: Artificial Intelligence. NCSL

Artificial intelligence isn’t human—it just acts like it is. And you should treat it that way, says Jennifer Pahlka.

 

 

Economy

The Best and Worst States for Retirement. NYTimes

 

Economic impacts of mining in Alaska include wages, taxes and career training, report says. Alaska Beacon

Alaska’s mining industry supported 11,800 jobs and $1.1 billion in total wages in 2023, according to a report commissioned by the Alaska Miners Association and Alaska Metals Mines.

 

Despite Clouds in Forecast, US Economy Still on "Strong Footing". NCSL

“Is this just a market correction or is this the sign of what is still to come when we look at the fundamentals in the economy? So, a cloudy day for the markets today, and I don’t think this is over, and the sunshine piece of it, what I would just say is that it is still fundamentally some strong footing that the U.S. is on, but momentum is slowing and expectations still remain very high.” Chang says Chase still puts the risk of a U.S. recession at 45% for this year.

 

 

Politics

How Alaska wound up with no limits on campaign donations - and how some hope to restore them. Alaska Public Media

Back in 2006, Alaska voters passed a ballot initiative in a landslide. In most cases, it allowed campaign donations of no more than $500 per candidate per year. But those days are long gone, said former attorney general Bruce Botelho. “There are no limits at the moment,” Botelho said in an interview.

(My Comment: Read this article to understand why we now have no campaign donation limits. I would suggest that this opens the door for people who have family or friends who are millionaires/billionaires, as is the case for many Republican candidates. This has been a factor in elections in the last 2 years, distorting the level playing field that voters want to have.)

 

Mail delays postpone the start of pre-Election Day voting in parts of rural Alaska. Alaska Public Media

Early voting opened Monday for Alaska’s Aug. 20 primary election, but ballots headed to many rural Alaska polling locations failed to arrive in time due to delays in the mail, the director of the Alaska Division of Elections said Wednesday.

(My comment: We have to fix this! Its the 21st century! These kinds of things disenfranchise voters.)

 

Alaska Beacon Voter Guide offers step toward more informed election. Alaska Beacon

These questions encompass candidates’ positions on everything from schools to taxes to what candidates see as the biggest local need.

 

 

Healthcare

Non-core business floats insurers. Axios

A host of earnings reports in recent weeks reinforce how much pharmacy, physician networks and other non-core products are driving the bottom lines of health behemoths with big insurance units — a situation that is grabbing the attention of regulators and Congress.

(My comment: Aetna is the State of Alaska insurance company. That means Optum is the PBM (pharmacy benefit manager) which realizes billions of dollars of profits from medications. My work to bring PBMs under control has demonstrated that the State of Alaska has no idea how much money we are losing to Aetna and Optum. “Cut the budget”? Let’s cut the losses from the PBM to save money!)

 

Rising pertussis case number in Alaska prompt warnings and prevention recommendations. Alaska Beacon

A spike in pertussis, a contagious disease commonly known as whooping cough, has swept through Alaska, the state Department of Health reported. Through the end of July, 131 pertussis cases had been reported in Alaska this year, according to an alert issued by the department’s Division of Public Health epidemiology section.

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (8/14/24): $81.43

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 (8/13/24): 440,145 bpd

 

 

Exxon's latest lithium move. Axios

A coalition of Exxon and other would-be lithium extractors recently filed an application with the Arkansas Oil and Gas Commission to establish a royalty rate for landowners.

(My comment: Arkansas has lithium! It’s in the saline ground water reservoirs. Alaska has lithium as well but it takes more than 10 years to get permits necessary to mine it.)

 

1 big thing: Nuclear power is having a moment. Axios

America's aging nuclear power fleet is still the single largest source of zero-emissions electricity in the U.S., but the country has added just three new reactors this century.

 

How the AI boom has helped the nuclear industry. Axios

Nuclear power can generate vast amounts of energy without upending corporate emissions-reduction plans. That's led investors to look anew at nuclear in the face of insatiable electricity demand from AI-focused data centers, with help from the Department of Energy.

 

Texas company seeks LNG import facility on Cook Inlet. Alaska Public Media

Texas company said Thursday it’s in “advanced discussions” with local utilities in Southcentral Alaska to develop a floating liquefied natural gas import terminal in Cook Inlet. The news is the latest development in the region’s race to stave off a looming shortfall of Cook Inlet natural gas.

 

Surprise climate tech hub. Axios

Wyoming — a leading coal mining state — has been morphing into a key place to develop next-gen climate technologies such as carbon removal, nuclear and wind.

(My comment: WY has less population than Alaska but is leading the way in new technology.)

 

 

 

Precious Metal Prices

August 14, 2024

Gold - $2463.40

Silver - $27.87

Platinum - $943.76

Palladium - $971.23

Rhodium - $4725.00

 

Alaska Permanent Fund

website

 

Fund value August 13, 2024 - $81,326,000,000

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



 

Click here to see list of accomplishments from the 33rd Alaska State Legislature Senate Majority.

 

Click here to view my webpage. It has links to all previous newsletters.

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