Senate Majority Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

November 23, 2023

 

Dear Friends and Neighbors,



I'm hoping you're able to take a moment to reflect on the blessings in your life on Thanksgiving.

 

The snow tsunami: More than ever we all recognize the critical public service that road maintenance/transportation is to us. Next time you meet a grader operator, heavy equipment mechanic, diesel mechanic, welder or snow plow driver, shake their hand and thank them. I hope they get time to rest with their family on this holiday.

 

Roads support our economy (businesses) and access for education, public safety (ambulances, fire trucks, police), and healthcare (provider offices, emergency rooms, pharmacies).

 

We don't have enough of these highly skilled, hard working road maintenance employees! They not only serve us year-round but they are not usually recognized.

 

The State and the Municipality are both short-staffed in these professions. And there was a shortage of road graders, which were the equipment needed for the ice covered roads.

 

579 vacant positions at the Municipality of Anchorage, document shows Alaska News Source

“There are [a] tremendous amount of vacancies across all municipal departments, pretty much,” Martinez said. “Some more than others. The amount of vacancy has had an impact in the quality of service across some of those departments.” The documents show 49 job vacancies at Maintenance and Operations, 42 for Anchorage Water and Wastewater Utility, and 30 vacancies at the fire department.

 

Electric Energy Generation and Transmission Grid

Legislative Forum

Nov. 29, 2023

1-3 PM at Anchorage LIO

Streamed on Teams and Teleconferenced

Agenda: discussion with Railbelt Utility CEOs, legislators, Dept of Energy and Alaska Energy Authority.

Public is invited to attend.

 

 

Items in this Newsletter:

·     APFC monthly finance report

·     Anchorage's Snow Plowing Failure (recorded Youtube)

·     Respiratory Virus Snapshot

·     Current Topics: Education, Economy, Minerals, Health Care, Politics

·     Resource Values, Permanent Fund

FY24 Monthly Financial Statements - October 31, 2023

 

APFC's vision is to deliver outstanding returns for the benefit of all current and future generations of Alaskans. Accomplishing this vision requires skilled and capable professional staff, consistent discipline in adhering to long-term strategies, and enduring accountability to our stakeholders. 

 

APFC's finance department ensures accountability and stewardship through reporting and audits. The department generates internal audits with monthly reconciliations of all accounts. These financial and performance reports (published daily, weekly, and monthly) ensure data accuracy and legal compliance.

 

The monthly unaudited financial statements for the Fund are now available. The fair value of assets in the portfolio varies monthly based on market conditions; the financials provide a point-in-time accounting of assets, liabilities, and current Fund values.

The Alaska Department of Health Respiratory Virus Snapshot has been updated with data through November 15, 2023 and can be viewed here.

Current Topics

The snowiest day in Alaska — and perhaps U.S. — history? ADN

 

Education

Schools depend on safe roads. ADN

By all accounts, this winter in Anchorage has been off to an unprecedented start. As reported by the ADN, winter storms have dropped more than three feet of snow since last week — a historic amount for November. Because of these unsafe conditions, I had to make the extremely difficult decision to pivot students to remote learning for four days.

 

Alaska Head Start programs are watching a Biden plan that would increase salaries. Alaska Beacon

The proposed rule would raise the average Head Start teacher salary $10,000, improve benefits, and increase access to mental health supports. These changes are all responses to the early child care workforce crisis that has closed 1 in 5 Head Start classrooms nationwide, despite waiting lists for children to get into programs.

 

Minerals

Mining exec: Alaska's pricey, fossil duel-based power could thwart investment. Northern Journal

 

 

Economy

Alaska minimum wage set to increase in new year; additional hikes proposed in ballot initiative. Alaska Beacon

Alaska’s minimum wage will increase on Jan. 1, 2024 from $10.85 to $11.73 an hour, in accordance with a law put in place by a 2014 citizen initiative, the state Department of Labor and Workforce Development announced.

 

Zoomers > Boomers Axios

Gen Z is expected to overtake baby boomers in the workforce by next year, per a new analysis of census data from Glassdoor.  The workplace is giving more Gen Z energy — and if you don't understand what that means, it's time to bone up on the younger generation's lingo and work style. Zoomers > boomers

 

We’re fighting to prevent unfair Anchorage utility rate hikes ADN

(My comment: This is the Chugach rate case I told you about a month ago. AARP is one of about 14 interveners in the Regulatory Commission of Alaska case. What is the basis of the rate increase? - Much higher costs of fuel to generate electricity, which is natural gas. The bottom line lesson here is that we have to upgrade transmission so that lower cost clean energy from hydro generation (Bradley Lake) can be dispatched along our grid.)

 

 

Politics

Alaska's Permanent Fund needs accounting and legislative oversight. Alaska Beacon

There is a need for accounting and legislative oversight of the Permanent Fund as well as the special Alaska investment portion, which are under the current trustees’ authority.

 

 

Health Care

Monthly premiums for health insurance on the federal marketplace will rise 16% in Alaska next year. Alaska Beacon

Monthly bills for Alaskans using the federal health insurance marketplace are set to rise some 16% in 2024 — coming on top of an 18% increase in the previous year that, in total, will bump up costs by more than one-third in a two-year span.

 

The ‘doctor of nursing practice’ will see you now Alaska Beacon

One reason the issue is being debated now is that there are so many more nurse practitioners. Their numbers more than doubled from 2010-2017, driven by what researchers at Montana State University and Dartmouth College called “a remarkable expansion” in the number of college programs, which now graduate almost as many new nurse practitioners as medical schools do physicians.  And the past 15 years have seen an explosion in the number of nurse practitioners earning the relatively new doctor of nursing practice degree, or DNP. It’s a doctoral-level degree, educationally on par with a Ph.D.

 

Rethinking Medicaid enrollment. Axios

The largest-ever purge of the nation's Medicaid rolls has exposed major cracks in the system for covering the poorest Americans — and is prompting some states to rethink how they connect vulnerable residents to benefits.

 

FDA beefs up drug ad requirements. Axios

The FDA has finalized a long-running effort to require prescription drug ads on TV and radio to clearly lay out potential side effects and when a person should avoid a medicine.  While the number of drug ads has surged and they account for billions of dollars in direct-to-consumer marketing, experts say they primarily rely on emotional appeals and focus on a drug's benefits over potential risks, Axios' Adriel Bettelheim writes. These drug ads, which are banned in all other developed countries besides New Zealand, can influence whether consumers seek out more information about a drug, visit a health care provider to discuss an advertised product, or skip a doctor's visit.

 

Making dental care "essential" Axios

CMS proposed allowing states to include adult dental services as an "essential health benefit" (EHB) that ACA health plans must cover without annual or lifetime limits. It would reverse a ban on states from including adult dental services as an essential benefit. "Given that oral health has a significant impact on overall health and quality of life" and the high percentage of employers offering dental coverage, it makes sense to revisit the issue, CMS wrote.

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (11/22/23): $84.23

FY24 budget (beginning 7/1) is fully funded at forecast $73/barrel oil.

Price on 9/30/23: $87.99

Price on 9/30/22: $86.91

Price on 6/29/22: $116.84

Price on 3/8/22: $125.44

Price on 12/22/21: $75.55

ANS production (11/21/23): 485,514 bpd

 

DAC gains steam with big corporate deals. Axios

A group of business giants trying to juice carbon removal markets, has deals with two companies working to scale direct air capture (DAC) technology, Ben writes.

Why it matters: Contracts with Heirloom and CarbonCapture are Frontier's first major offtake agreements with startups using DAC, a method receiving a growing amount of federal and private sector finance.

 

Asian Gas Market Gets Relief as Buyers Look to Resell Supply. Bloomberg

North Asia’s top liquefied natural gas buyers are looking to resell shipments due in part to high inventories, a move that is bound to push spot prices lower. Chinese importers, including PetroChina Co., are offering to sell LNG shipments for December delivery, according to traders with knowledge of the matter. That’s on top of Chinese firms already reselling at least five shipments for November, the traders added.

(My comment: This makes AKLNG (Alaska’s proposed large gas pipeline (est. cost $40 Billion) less and less likely, since Asia was the targeted customer.)

 

U.S. military quietly revokes planned contract for small nuclear plant at Alaska Air Force base. Alaska Beacon

My comment: The revocation of this contract is the result of another company, that wasn’t chosen for the contract, complaining. Clean nuclear power is the base load power of the future for Alaska. This action delays deployment of this important first reactor for Alaska. I’m disappointed but will remain hopeful.

 

Santos and Tokyo Gas producing E-Methane. LNG Prime

Australian LNG producer, Santos, and Japan’s city gas supplier and LNG importer, Tokyo Gas, are joining forces to produce e-methane in Australia and ship it to Japan.  E-methane is made by combining green hydrogen and CO2 obtained from carbon capture of industrial emissions or direct air capture (DAC) technology.

 

WA uses carbon auction funds to make largest land purchase in more than a decade. The Center Square

The new cap-and-trade plan, which went into effect this year, has brought in $1.4 billion so far. It has been linked by some to an increase in gas prices in Washington.

Washington Public Lands Commissioner Hilary Franz called it a “transformational opportunity” to keep “working forests working” while adding to the state’s “land bank” of properties.

 

Court order: Well logs public now; DNR must release ANWR area data. Petroleum News

The Superior Court for the state of Alaska has ordered the Alaska Department of Natural Resources to release the well logs relating to the Alaska State G-2 well, North Staines River #1 well, Sourdough #2 well, Sourdough #3 well, and the Staines River State #3 well. The order was signed by Superior Court Judge Jack R. McKenna on Nov. 9 in Anchorage.

 

Nov. 22, 2023 Precious Metal Prices

Gold - $2007.45

Silver - $23.88

Platinum - $941.15

Palladium - $1097.30

 

Alaska Permanent Fund

website

PFD payout from ERA, Fiscal years 1980-2024: $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

 

My Staff:

·     Chief of Staff: Jane Conway (from Soldotna)

·     Office Manager: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Julia O'Connor (from Juneau)



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