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 29, 2024

Dear friends and neighbors,

 

I talked to some folks that forgot to vote last Tuesday (9/20) in the Primary Election. I'm hoping that, with my repeatedly reminding them, they will remember the General Election on November 5!

 

OPINION: Alaska must fix the Permanent Fund before our financial engine seizes. Anchorage Daily News

The Legislature and governor need to stop lighting fires over the amount of the dividend and place a constitutional amendment before voters to eliminate the line between spendable and nonspendable money in the fund. By including a constitutional limit on how much can be spent in any one year, it would more fully guard the entire savings account and protect against the erosion of inflation.

(My comment: Agree!!)

 

OPINION: Support candidates who support public safety and EMS. ADN

(My comment: Yes. AFP are effectively attempting to create Alaska as a park, where no one can afford to live. This is a radical group of extremists who do not understand economics. It’s impossible to have a rational conversation to challenge their economic lies.)

 

Ten apply to serve on Permanent Fund Board. Reporting from Alaska

 

Small Cook Inlet Producers say they need State help before drilling for new natural gas. Alaska Beacon

(My comment: This is a very complex issue. 

HEX has outside owners that are requiring a “cut” of profit; that’s what makes development of the gas so expensive. That was a business deal made by the new owner and the State (who allowed those outside owners to continue their hold on the lease). So the question is - Is it appropriate for the State to pay for some of that outside owners’ claims?

 

Blue Crest is a long standing lease that can’t get the investment needed to go forward. Many entities have offered to invest and partner; all offers have failed. The question is - Should the State take a role in this, and should that be the State simply taking back the lease and running the development ourselves?

 

In both cases, the large costs for these two projects will have a finite duration of production. The natural gas shortage will reappear.

 

The answer is not as simple as just handing out money. The Legislature and Dept. of Natural Resources are responsible to maximize benefit to Alaskans. The issue is complex.)

 

 

Bills going into law:

HB 146 designates new regulations for fireworks. Dunleavy’s office says the bill updates restrictions that haven’t been changed in about 50 years, beginning with separating a former category of “saleable” fireworks into “consumer” fireworks and “display” fireworks. The latter category will now require purchasers to have a pyrotechnics license, also a new creation under the bill, and mandates display fireworks only be used in fireworks shows put on for public display. (Alaska's News Source)

 

HB 251 makes changes to the labeling requirements for homemade food, drink and meat ownership. The first portion of the bill specifies how food made in home kitchens may be sold in retail spaces as long as retail spaces appropriately denote homemade foods have not been inspected and may contain allergen risks. HB 251 also specifies how much money home cooks can make through their food and establishes a threshold of commercial involvement that is allowed in their sales.

Meat ownership is also outlined in the bill, making it legal for consumers to acquire meat from farms and ranches where they have an ownership interest in an animal or herd of animals. HB 251 outlines how ownership of the animal must be documented prior to the slaughter, that the meat must go directly from the ranch to the consumer and may not be resold or distributed in other ways. (Alaska's News Source)

 

HB 337 declares the first Wednesday in October as 4-H Day, which is intended to celebrate the positive effect the organization has on Alaskan youth and encourages the public to observe the day how they see fit. (Alaska's News Source)

 

 

Items in this Newsletter:

·    Alaska Department of Labor and Workforce Development Job Opening

·    ADL Extended Public Notice for Enstar Easement

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

·    Resource Values, Permanent Fund

Current Topics

Attorney General's office: an RTO formed under HB 307 not a utility Petroleum News

 

Can a Closed Nuclear Power Plant From the ’70s Be Brought Back to Life? Wall Street Journal

Holtec officials said Gov. Whitmer asked them to consider reopening the plant. State lawmakers pledged $300 million to the reopening plan, and it received up to $1.52 billion in federal loans. Whitmer said, when announcing the loan to Palisades, the renewed plant will provide power and help meet clean energy goals “by removing three million tons of CO2 from the atmosphere annually, roughly equal to the emissions of 650,000 cars.”

 

Kroger and Albertsons megamerger gets its day in court. Axios

 

 

Stuff I Found Interesting

RCV Repeal highlights "danger in the discretion. Alaska Memo

“To give the Division that much latitude could be decisive. It was decisive in this case,” he said. “So, you have a division that maybe they’ll bend over backward for a particular petition, maybe they’ll just follow (the regulations) and disqualify it. We can’t allow the Division of Elections to have that kind of latitude.”

 

Rural Alaskans could see slower mail delivery in new USPS plan for cost savings. Alaska's News Source

(My Comment: We depend on USPS to deliver ballots to polling places and return ballots to appropriate collection sites. This will impact daily life and elections.) 

 

 

Economy

Bellweather Trial in Kroger-Albertsons merger begins. Alaska Public Media

 

Kroger and Albertsons vs. the FTC: Here’s what to expect in merger trial. Anchorage Daily News

Kroger and Albertsons will face off against regulators seeking to block their proposed $24.6 billion merger. A hearing that could determine the fate of the deal, set in a Portland federal courtroom, is expected to last three weeks.

 

A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?. New York Times

“Recognizing that there’s a web of intersecting harm that can happen is an extension, in my mind, of the underlying principles of antitrust enforcement,” said Christine Bartholomew, a professor at the University at Buffalo School of Law who teaches antitrust. “The pendulum is swinging back to recognize the broader types of harm from anticompetitive conduct.”

 

Little-Known Company Key to $20 Billion Kroger-Albertsons Deal. Wall Street Journal

The Federal Trade Commission sued to block the deal in February, saying that combining the two biggest U.S. supermarket companies would eliminate the fierce rivalry in markets where Kroger and Albertsons have competing stores, leading to higher prices for shoppers.

 

 

Education

Teachers Are Burning Out on the Job. Wall Street Journal

High-school math teacher Cory Jarrell says he saw student behavior deteriorate, yet his school grew more lenient in administering consequences. He also didn’t feel like teaching offered much opportunity to advance in his career. “When I got into teaching my one thing was about learning and love of learning,” Jarrell said. “In the end, it was less about the learning and more about babysitting.” He left teaching this summer. Teaching has long been a relatively low-paid profession that comes with job stability, a decent retirement and a sense of purpose. More teachers no longer feel that is a good deal.

 

How Well do Ohio Private Schools perform compared to public ones?. Governing

Most of the districts had mixed results. In Euclid City School District, private schools bested public schools in grades 3-8 and most of high school, but the district edged out private schools in English Language Arts II and American government.

Public school students in Berea City School District performed better on tests in grades 3-8 and most of high school, but private high school students performed better in science.

 

 

Politics

How ‘the license plate bill to end license plate bills’ finally passed. Alaska Public Media

It’s a cumbersome process and, for years, lawmakers across the political spectrum have joked about and criticized that they have to deal with the specialty license plates. It’s a waste of time and resources, they said. But, ironically, they were also unwilling to give up the power.

 

Voters will decide minimum wage ballot measures in several states. Alaska Beacon

In Alaska, the referendum on the minimum wage has three parts: It would raise the current $11.73 minimum wage to $15 an hour by 2027, require employers to provide workers the ability to accrue sick leave, and prohibit companies from punishing workers who fail to show up at employer-sponsored meetings involving political or religious topics.

 

 

Health Care

Concierge medicine goes to college. Axios

Concierge medicine is being pitched to a new demographic: college students and their anxious parents. It's the latest example of how expanded access to health care is available to those willing to pay — a trend critics say drives up costs without necessarily improving outcomes.

(My comment: Concierge medicine is SB 45. It was promoted by a MatSu clinic owner. Concierge medicine is great if people have money to pass for the “board room membership”. The Senate tried to put sidebars on it to require only Alaska clinicians could enter into this business but the House took that out; so now corporate “doctor offices” will be permitted into our market to take yet more money out of Alaska economy. As “S” corporations or LLCs, they will not pay corporate taxes in Alaska because we don’t have a personal income tax.)

 

Surprise billing law helped PE-backed providers. Axios

 

Pfizer joins direct-to-consumer drug sales. Axios

(My comment: As a nurse practitioner, this news is very concerning. Americans overuse medications already. There are solutions to many ailments that are simple and involve lifestyle changes.)

 

Whooping cough is surging in Southeast Alaska. Alaska Public Media

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (8/27/24): $80.40

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 (8/27/24): 442,390 bpd

 

Risk roars back into focus. Axios

The global benchmark Brent crude is trading at $81 this morning, up well over 6% since the middle of last week.

 

Exxon's forecasters weigh in. Axios

Exxon sees global oil thirst plateauing after 2030 but remaining above 100 million barrels a day through 2050. Output from existing fields declines roughly 15% annually, risking a supply shock with "dire" economic effects absent new investment. That's a much steeper decline than IEA envisions if investment froze, the outlook released.

(My Comment: Here’s the thing, fellow Alaskans - oil will not continue to pay our bills. I still get emails saying we need to tax oil companies more. I would advocate that we need to look at what the large corporations, regardless of industry, are taking out of our state. The “S” corporations and LLCs pay no corporation taxes at all in Alaska because we don’t have a personal income tax.)

 

Trump plan to unleash LNG runs through China. ENEWS

Analysts say the November election could directly affect the amount of U.S. LNG sold globally and to whom. Large volumes are all but certain to end up in China, the biggest potential market for U.S. gas, even though U.S. trade protections against China are in vogue.

 

China approves record 11 new nuclear reactors. Bloomberg

The country has 56 reactors currently in operation, with a combined capacity that equates to around 5% of total electricity demand, according to the China Nuclear Energy Association. Beijing is likely to approve around 10 new reactors annually for the next three to five years.

 

Russia increase to northern fleet combat readiness and strengthen arctic shipbuilding and port. High North News

"They [the US and its allies, ed. note] have actively built up their military presence in the Arctic and intensified the campaign to discredit Russia's actions in the Arctic region. Finland and Sweden joining NATO have further worsened the situation," he said and continued: "We cannot do anything but react to such aggressive actions. Thus, strengthening the Russian armed forces' capabilities, including increasing the Northern Fleet's combat readiness, is one of the priorities to secure national interests in the Arctic."

 

Fair and competitive oil taxes are working. ADN

(My comment: Yes, and during COVID Alaska would have collect no production taxes in those negative oil price times. SB 21 set a tax floor that kept state revenue coming in.) 

 

 

Precious Metal Prices

August 27, 2024

Gold - $2528.70

Silver - $29.77

Platinum - $957.10

Palladium - $989.83

Rhodium - $4725.00

 

Alaska Permanent Fund

website

 

Fund value August 26, 2024 - $81,335,700,000

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