Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

August 28, 2025

 

 

Dear friends and neighbors,

 

As school starts, I know we are all adjusting to new traffic patterns, new schedules, new places to be!

 

Farmer's Markets are booming! Get to one near you and be amazed at what Alaska farmers are producing.

 

Oil/Gas Royalty Modification Process and More Gas for Consumers

When a company has a lease with oil and/or gas on it, but it has become more and more costly to extract that resource, the company can ask for a modification of the royalty they must pay to the state.

The Legislative Budget & Audit committee heard this topic related to a lease in Cook Inlet. Here is the link to the hearing, and the documents explaining the process.

This is an important way that the State can partner with the industry to bring more natural gas to consumer along the Railbelt.

 

Farmed Fish - Is it right for Alaska?

I'm told the farmed fish are sterile and can't reproduce; they wouldn't be able to infest our wild stock. While that may be true, I don't know why we would want to lessen our "brand" by selling farmed fish. I'm not in favor of changing our laws to allow fish farming.

 

Items in this Newsletter:

·    Small Business Development Center Workshops

·    Arctic - Alaska's Critical Position

·    AIDEA Congratulates Furie on Success in 2025 Drilling Season

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

·    Resource Values, Permanent Fund

 

 

 

 

 

Mike Mosesian

Bell's Nursery

Farm Family of the Year

 

Congrats, Mike!

One of Bell's Nursery's locations is in our District 9.

You can find Mike's beautiful tomatoes at Fred Meyer during the summer. He also grows wonderful cucumbers.

 

You can support and GROW our farming industry by shopping at the Farmer's Markets around the state during the summer!

Find your closest Farmer's Market location here.

 

 

Small Business Development Center Workshops

 

There are three exciting workshops the Alaska Small Business Development Center is offering in September. These workshops are designed to help small business owners secure, design, and scale their space; although we're focusing on restaurants and retail, the content will benefit any business interested in a physical location. Each session features a panel of industry experts and includes a guided tour of either the Market Project or the Wild Birch Hotel.

Workshops:

·    From Dream to Doorstep: Finding the Right Space for Your Business - 9/10

·    From Lease to Launch: Designing and Developing Your Space - 9/17

·    Scaling Up: What to Know Before You Expand - 9/24

The workshops will be held downtown at the Alaska Experience Theater. They are only $35 each and are packed with value for current and aspiring business owners.

 

 

Arctic News

The U.S. is an Arctic nation because of Alaska.

 

 

Being part of the Arctic puts us in a unique neighborhood.

Who are those neighbors?

 

Notice Alaska in the hot pink color. Its a pretty sizeable chunk, considering we are one state among 50, and 2nd smallest population.

Russia clearly is largest footprint, but our good neighbor, Canada, is right there as well.

 

 

Alaska is positioned next to a major, world shipping route: the Bering Strait.

There is tremendous traffic through the Strait, of vessels carrying diverse cargos, with various risk profiles, from various countries.

 

The Aleutian island of Adak is close to the International Date Line. The Navy and Coast Guard have a currently closed base on Adak, that played a big role in World War II. Adak is so far to the west that it is in the Hawaii Time Zone (giving Alaska 2 time zones).

 

There is long interesting history related to the Aleutian Islands and the Bering Strait, but I'm bringing up present day:

·    national security

·    environmental security

·    food security

 

Food security: The Aleutian Island community of Unalaska houses the largest fishery in the United States. The Bering Sea is a rich seafood source that has faced challenges due to over-fishing. While Alaska and the U.S. have placed protections around that fishery (Magneson-Stevens Act is one example) and protection of the fisheries within the 200-mile limit. Alaska and Canada have rivers that contact the Bering Sea, from which come fish returns. What happens in the Bering Sea affects our interior river fish stocks. Ongoing surveillance is required.

 

Environmental security: There are hundreds of vessels transiting the Bering Sea and the Strait every year. There is ongoing concern that the US and Alaska have the appropriate emergency response staff and materials readily available. A cruise ship emergency would call for human rescue, as well as potential oil spill. Oil tankers need to be monitored and spill response ready.

 

National security: As has been reported in the news, Russian and Chinese aircraft have been violating U.S. airspace along Alaska's western border. F-35s from Eielson AFB in Fairbanks have been called out several times recently to respond to these incursions. This includes our Coast Guard. Currently U.S. and Canadian military are conducting training in Alaska. We depend on our neighbors, Canada, to assist in defending the western border of North America.

 

In all the political arguing, it's important that Alaskans remember, and be knowledgeable about, our key position in the Arctic, and in our nation.

 

It is for that reason that I established the Senate Arctic Affairs committee this year. You can review the meetings and topics from this last year at the committee webpage.

 

I am attending the annual Arctic Defense Forum in Fairbanks this week to learn more.

 

Current Arctic Issues

High-Ranking US Coast Guard Officials and Visiting Congressmen Listen In On Plan to Expand Nome's Arctic Deep Draft Port. Nome Nugget

On the eve of commissioning the repurposed Storis, moored in Juneau — what is now the United States’ first new polar icebreaker in a quarter century — senior U.S. Coast Guard officers gathered with local leaders in Nome for a Saturday morning of listening and learning about the city’s plans to build the nation’s first deep draft Arctic port. 

 

Coast Guard responds to two Chinese research boats in the Arctic. KMXT

Officials are now monitoring a total of five similar boats in or near U.S. waters in the region. Only one of the vessels was classified as an icebreaker, but the other four are still considered “ice capable,” according to an email from Coast Guard Lt. Pamela Manns, a public affairs officer for the Arctic District.

 

Homeland Defense from the Arctic: ACC AMIC Det 1 and the North Warning System. Secretary of the Air Force International Affairs

Across the northern edge of Canada and Alaska, an array of 49 radars, called the North Warning System (NWS), provides aerospace surveillance and early warning to North American Aerospace Defense Command, or NORAD. Although these assets are entrusted to the Canadian government through an agreement in the 1985 Shamrock Summit, the U.S. Air Force, through Air Combat Command’s Acquisition Management and Integration Center (AMIC) Det. 1, retains ownership of the radars and associated support equipment.

 

Trump's easiest deliverable in Alaska: a Win-Win for the world on permafrost. The Arctic Institute 

While President Trump pitches this week’s Alaska summit as a chance to arrest the war in Ukraine, clever diplomacy could also deliver an easier win-win of immense global, long-term consequence. It would require the simple act of restarting some scientific collaboration between American and Russian Arctic scientists.

 

USARC Releases "Research Needs for a Secure and Prosperous Arctic". Arctic News

After emphasizing the value and importance of the Arctic region, the Commission’s report, focuses on strengthening national security, and identifies research topics within four key sectors: military, community, energy, and economy. These sectors are linked to both domestic and foreign policy, ideally in a mutually reinforcing manner.

(My comment: This is a short report from the USARC, but it is very important for us in Alaska.)

 

Canada, Finland signal Arctic priorities with new strategic partnership. Eye on the Arctic

Canada and Finland are doubling down on the Arctic, unveiling a new strategic partnership on Tuesday that links shipbuilding, security, and NATO coordination in the Far North. The foreign and security policy initiative, announced August 19, builds on years of cooperation and comes with a clear message from Ottawa and Helsinki that as global tensions rise and the Arctic warms, a more robust approach to the North is needed.

 

Northern Edge 2025 launches in Alaska with another Arctic exercise running simultaneously. Stars and Stripes

Exercise Northern Edge 2025 has launched in and near Alaska, involving more than 6,400 service members and dozens of U.S. and Canadian aircraft and vessels.

 

Sharpening the Arctic Edge. Defense News

Exercise Arctic Edge, led by North American Aerospace Defense Command and U.S. Northern Command, demonstrates the U.S. military's capabilities in extreme cold weather, joint force readiness and commitment to mutual strategic security interests in the Arctic region. 

 

With new icebreaking research vessel, Beijing sets eye on Russia's Arctic seabed. The Barents Observer

In 2016, China established the Institute of Deep-sea Science and Engineering (IDSSE). The institution functions directly under the Chinese Academy of Science. From before, China has the National Deep Sea Center (NDSC), which operates under the Ministry of Natural Resources.

The Arctic is one of the priority areas of the deep-sea research activities.

 

'These incursions are going to continue': Sullivan speaks to increased Alaska military activity while hosting top military officials. Alaska's News Source

Sen. Dan Sullivan, R-Alaska, said with the increase in Chinese and Russian incursions seen in and near Alaska in recent years, the need for increased military presence in Alaska is greater than ever.

 

Reindeer processing plant in Savoonga aims to boost jobs, food security. KNOM Radio 

A new reindeer processing facility could help by creating employment opportunities and improving access to a locally sourced protein. Workers from Finnish company Kometos could be seen in early August hammering and drilling away on the rooftop of the facility. The company specializes in modular food processing facilities and was working alongside local-hires from Savoonga to complete the building before winter.

 

Arctic trade route expansion in northern Manitoba to be discussed following agreement. CBC News

Talks to explore a sustainable year-round shipping season at one of Canada's northernmost deepwater ports are set to get underway, following an agreement between the port's ownership group and a Montreal-based dry bulk shipping company.

 

Kodiak spaceport hosts secretive federal government rocket launch, likely a hypersonic missile test. Alaska Beacon

Modern hypersonic missiles, under development by several countries, would be able to avoid anti-missile systems being deployed by the United States, Israel and other countries.

 

U.S. awards construction contract for first phase of expanding Nome into Arctic Deepwater Port. High North News

Almost 20 years after the idea of a U.S. deep-water port located in Nome received serious consideration at a 2008 Army Corps conference, the U.S. Government has awarded a firm-fixed-price contract.

 

Denmark summons US envoy after report of Americans carrying out influence operations in Greenland. ADN

Danish public broadcaster DR reported Wednesday that government and security sources which it didn’t name, as well as unidentified sources in Greenland and the U.S., believe that at least three Americans with connections to Trump have been carrying out covert influence operations in the territory.

 

 

 

 

Current Topics

The Alaskan logging fight threatening Steinway's iconic pianos. The Wall Street Journal

Steinway credits slow-growing Sitka spruce from the islands of Southeast Alaska with giving its iconic pianos their sonorous, six-figure sound.

 

1 big thing: Trump's D.C. utopia. Axios

Trump plans to ask Congress for $2 billion to "beautify" D.C. — eyeing a massive facelift for the city's parks, fountains, streetlights, roads and more. Even the White House itself is being remade: Trump's gold-drenched renovations and plans for a $200 million ballroom mark the biggest changes to 1600 Penn in generations.

"I know more about grass than any human being anywhere in the world," Trump told reporters Thursday. "We're going to be re-grassing all your parks, all brand-new sprinkler systems." "It'll look like Augusta. It'll look like, more importantly, Trump National Golf Club," he added.

 

1 big thing: Chairman Trump. Axios

In other words, if you're a private company, you may soon be invited to sell a chunk of your business to the government, even at the cost of diluting existing shareholders.

 

1 big thing: Trump's kneecapping playbook. Axios

"I have the right to do anything I want to do. I'm the president of the United States," Trump told reporters yesterday when discussing his threat to send the National Guard into Chicago. In just seven months, Trump has consolidated vast power by following a clear playbook: Capture what he can, contest what he can't and punish those who resist.

 

In 3-hour televised Cabinet meeting, Trump soaks up flattery. ADN

During a three-hour-and-17-minute televised part of a Cabinet meeting on Tuesday, Trump claimed personal credit for what he portrayed as far-reaching changes in the everyday lives of Americans during his seven months in office, as his subordinates stumbled over one another to sing his praises. The unusual session offered a striking display of unity around a president who has seized sweeping power as few U.S. leaders before him - and a chance for Trump to signal to his base that he is personally immersed in every detail of his rule.

 

 

Things That I Found Interesting

Southeast Alaska communities call on federal government to address the region's booming sea otter population. Alaska Public Media

Communities in Southeast Alaska are ramping up calls on the federal government to better manage the region’s booming sea otter population and its impacts on key fisheries.

 

 

Energy

1 big thing: Power vs. gasoline costs, mapped. Axios

New England and Alaska have the highest costs. Colder climates bring more fuel use for heating , often with fuel oil and propane that are relatively costly.

 

U.S. developers report half of new electric generating capacity will come from solar. EIA

Developers added 12 gigawatts (GW) of new utility-scale solar electric generating capacity in the United States during the first half of 2025, and they plan to add another 21 GW in the second half of the year, according to our latest survey of electric generating capacity changes. If those plans are realized, solar would account for more than half of the 64 GW that developers plan to bring online this year. Battery storage, wind, and natural gas power plants account for virtually all of the remaining capacity additions for 2025.

 

Church Electric seeks to increase bills by 3.1% ro cover declining sales and increased costs. ADN

Chugach Electric Association is asking state regulators for a 3.1% increase to total rates, as costs rise and sales fell after last year’s warm winter reduced demand for heat.

 

1 big thing: CEO of reactor startup Oklo sees Trump tailwinds. Axios

Oklo — a Sam Altman-backed venture developing a compact reactor — is positioned to reap the benefits of fueling military bases and data centers. Oklo aims to commission a commercial-scale reactor at Idaho National Laboratory by late 2027.

(My comment: Oklo is the company building the reactor at Eielson AFB in Fairbanks.)

 

Railbelt planning a go. Petroleum News

During its Aug. 4 board meeting the governing board of the Railbelt Reliability Council authorized the RRC to move ahead with the development of an integrated resource plan for the Alaska Railbelt electrical system. As a consequence, RRC Chief Executive Officer Ed Jenkin is initiating the process of hiring a contractor to conduct the planning work.

 

 

Economy

Opinion: Predatory lending in disguise — the truth about payday loans in Alaska. ADN

There is nothing positive about trapping struggling families in cycles of debt with interest rates that range from 194% to 512% APR. To put that in perspective, most unsecured personal loans have APRs around 12%–14%, and secured loans like auto or home loans are closer to 5%–8%. Even credit cards — which are often criticized for high interest — average around 21%–24% APR, a fraction of what payday lenders charge.

 



Education

ASD launches new, free app for parents with children who ride school buses. Alaska's News Source

Heather Philp, Senior Director of Transportation for ASD, said the app allows parents to see the bus schedule of their children, as well as live location updates when available, useful in case of a traffic delay or mechanical issue.

 

Anchorage School District aims to hire and retina more teachers using remaining millions from veto override. Alaska Public Media

The Anchorage School District plans to hire more teachers with the millions of dollars it received after legislators overrode Gov. Mike Dunleavy’s education funding veto earlier this month.

 

Amid ongoing education funding battle, new task force outlines potential solutions. Alaska's News Source

 

Alaska lawmakers convene education funding task force. ADN

The next task force meeting will be held Oct. 30 in Juneau.

 

 

Politics

'That's not true:' Governor calls out report of Alaska-Russian rare minerals deal. Alaska's News Source

Gov. Mike Dunleavy, R-AK, said after speaking with President Donald Trump ahead of the summit in Alaska that the rumor he is considering selling Russia Alaskan minerals to help broker a deal to end the Ukraine war are just “rumors.”

 

Alaska legislators have largely departed Juneau, but special session continues until Aug. 31. Alaska Beacon

 

Some lawmakers return to Juneau with no plans to consider governor's education policy proposals. ADN

Lawmakers and the governor are at an impasse on education policy. Dunleavy has repeatedly proposed ideas that majority legislators have rejected, including paying teachers temporary retention bonuses; allowing students to enroll in schools outside the district in which they reside; and allowing a governor-appointed board to create new charter schools without consulting with local school boards.

Other proposals from the governor, including creating tribally run schools, are already under consideration by lawmakers but require more time to review than can be afforded during a special session, lawmakers have said.

The governor has three bills up for discussion by the legislature.

HB and SB 1001 expands enrollment options and authorizes the State Board of Education and Early Development to approve charter schools. It also creates an after-school literacy tutoring grant program and provides “recruitment and retention incentives” for teachers.

HB and SB 1002 establishes a five-year pilot program for demonstration of State-Tribal Education Compact schools.

HB and SB 1003 extends tax credits to qualifying contributions to create a “durable funding stream” for tribal-compact schools afforded under HB and SB 1002.

 

Abolish voting by mail? It would hurt republicans. Governing

Republicans benefitted from mail-in voting prior to 2020 because many of their voters were in the military, were business travelers who couldn’t be home to cast in-person ballots, were older white voters, or were voters who lived rural areas where in-person voting was inconvenient, McDonald explained. “If you really wipe out those mail ballots, then you can actually hurt Republicans.”

 

Federal appeals court preserves Alaska's two-tier system for subsistence fishing management. Alaska Beacon

The ruling allows the federal government to continue offering preferential fishing rights to rural Alaskans — mostly Alaska Natives — who live a subsistence lifestyle. That preference exists only in public waters under federal control, not in state waters, because federal law requires the preference but the Alaska Constitution forbids state officials from implementing it.

 

Alaska attorney general Treg Taylor will resign, is expected to run for governor. Alaska Beacon

Alaska Attorney General Treg Taylor will resign Aug. 29, he told employees at the Alaska Department of Law in an all-staff email Thursday afternoon. Taylor, who became the state’s top attorney in 2021 after his two immediate predecessors resigned in disgrace, is expected by political observers to join a competitive field of candidates running for governor in the state’s 2026 general election.

 

Opinion: Help wanted. Job opening with good pay, free housing, free parking, 4-year contract. ADN

Most importantly, job applicants need to tell the truth about realistic plans. The state has suffered too long with leadership that believes in crystal balls, while public services have fallen behind the eight ball.

 

Governor's agriculture executive order headed toward lawsuit, lawmakers say. Alaska's News Source

The only way forward, legislative leaders told Alaska’s News Source Thursday, is a lawsuit.

(My comment: What a silly waste of energy and money! The Governor could have addressed this 7 years ago! He’s waited until now to take an approach that copies the US President, in issuing mandates. The Legislative branch of government is the “first branch” – the Constitution gives the Legislative branch the priority because it is closest to the people. The Constitution authorizes the Executive branch (Governor) the authority to enforce the Legislatively passed laws. This is a silly waste of energy and money by a lame duck Governor.)

 

Raising the idea of salmon farms in Alaska, Gov. Dunleavy swims against a tide of skeptics. ADN

 

Understanding Murkowski's vote requires context. Alaska Beacon

While Murkowski doesn’t have the power of the purse that Sen. Ted Stevens had during his long career, she has been very influential in bringing federal dollars to Alaska. Reaching across the political aisle during the Biden administration, she brought home hundreds of million dollars for Alaska projects. Unfortunately, the Trump administration pulled back many of those projects.

 

 

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (08/26/25): $69.20

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

forecast of $64/barrel of oil.

History of prices:

9/2024: $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 (08/26/25): 434,787 bpd

 

 

$60s: ANS rangebound. Petroleum News

Alaska North Slope crude spent a second consecutive trading week rangebound in the upper $60s despite a series of discussions for peace in the Russia/Ukraine conflict, with potential outcomes that could lead to significant shifts in oil markets.

 

Transportation fuel demand remains below pre-pandemic levels. EIA

Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages. Several factors are keeping demand, which we track as product supplied, below pre-pandemic levels. For example, increased fuel efficiency in the vehicle and aircraft fleets has offset increased travel, and demand for petroleum-based distillate fuel oil has been partially replaced by biomass-based distillate fuels.

 

Precious Metal Prices

August 27, 2025

Gold - $3400.51

Silver - $38.95

Platinum - $1360.97

Palladium - $1118.75

Rhodium - $5900.00

 

Alaska Permanent Fund

website

 

Fund value August 25, 2025 - $84,733,300,000

PFD payout from ERA, Fiscal years 1982-2024: $31.3 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)

·    Legislation Aide: Paige Brown (from Anchorage/Girdwood)

·    Resources Committee Staff: Inti Harbison (from Anchorage)

 

Copyright © 2025. All Rights Reserved.

 

 

 

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