Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

December 5, 2024

Dear friends and neighbors,

 

I am looking forward to chairing the Senate Resources committee again this year. This will be my 9th year in that role. I'm so used to the 3:30-5 PM time slot every Mon, Wed and Fri.

 

Energy, especially natural gas for heat and lights on the Railbelt will be the roll out topic. I plan to convene the first committee meeting on Jan 22, Day 2 of session, with speakers who know this topic.

 

At my request we will have a special Senate committee called Arctic Affairs, which I will also chair. In this newsletter you have seen me highlighting security and national defense from the Alaska perspective. That will be a big topic for the committee, as well as food security and energy security, as both of those apply to the Arctic. I want to expand beyond Alaska to other Arctic allies and their issues and solutions in those areas.

 

Lastly, a fun project - I am starting a Women in the Alaska Legislature group. This will be a gathering, bipartisan, bicameral, where elected women can talk, get to know each other, mentor and inspire each other. Our State House now has a more than 50% women out of the 40 House members so that is very exciting! The Senate has only 5 women out of the 20 members, a small 25%. There are long-serving women in both the House and the Senate; I envision very beneficial fellowship and sharing in this Women in the Legislature group!

 

Items in this Newsletter:

 

·     Railbelt Energy: Which Future? Who Decides?

·     Summer Energy Program; Energy Data Access

·     Current Topics, Stuff I Found Interesting, National Security, Fisheries, Economy, Politics, Healthcare

·     Resource Values, Permanent Fund

Alaska’s Railbelt region is at an energy crossroads.

In light of looming Cook Inlet natural gas shortfalls and several competing visions for how to meet local energy needs going forward, it is important that we come together to think critically about the choices ahead and align around a vision for our collective energy future.

With this in mind, REAP hosted a panel discussion at the Anchorage Museum on Wednesday, November 20, 2024. The panelists discussed the role natural gas has played for decades and the role it can play going forward; the options for securing reliable, low-cost energy for Railbelt ratepayers; and the need for state policy to foster alignment around a shared vision and drive action towards achieving that low-cost energy future. The recording is about 2 hours long and can be accessed here.

The event program, which includes a glossary of Railbelt energy terms and informational graphs is available on REAP’s website here.

 

The speakers pointed out that 2/3 of the natural gas consumed is for heat.

 

The AKLNG project is from the North Slope down to Nikiski, with a gas treatment plant on the North Slope and an LNG export facility in Nikiski. Cost estimate is $40-50 Billion (assuming no cost overruns which all the projects around the world experience).

What is called the "Bullet Line" comes from the North Slope to Southcentral with no export provision; estimated cost $10-12 Billion.

 

Larry Persily pointed out that the $4 Billion Federal subsidy for the gas pipeline from the North Slope is $7500/consumer on the Railbelt or $30,000 for a family of 4; the subsidy requires Congressional appropriation, whihc means other state senators will have to feel that this is a good spend.

 

Editorial: Time's up for Alaska's natural gas pipe dreams. ADN

We should take AGDC staff at their word and plan to shutter the office after it completes whatever front-end engineering and design work is warranted, if any, to give the state flexibility to respond if the economics of the project change in the next few years. The small but meaningful sum saved could be put toward the many other state services that find themselves short on funding. It’s not a pretty situation, but there’s also little point in throwing good money after bad.

(My comment: Yes!)

 

Off the Grid: Self-reliance a long-established virtue for Mat-Su residents. Frontiersman

Undergrads, apply now to

the 2025 ACEP Summer Internship program

 

The Alaska Center for Energy and Power Summer Internship program is accepting applications for the summer 2025 cohort.

 

The program offers a diverse cohort of undergraduate interns an opportunity to explore how to apply their curiosity and passions for computer science, electrical or mechanical engineering, cybersecurity, cold weather electric vehicles, community engagement, rural development, marine energy, energy economics and science communication across the energy ecosystem of Alaska.

 

Read more and apply by the deadline, Friday, Jan. 24, 2025.

ACEP-ISER project is underway to advance energy data access for Alaskans

The Alaska Energy Data Gateway project is moving forward with renewed focus and a strategic roadmap to make vital energy data more accessible to Alaska communities and energy decision-makers.

 

The AEDG, a project by ACEP and University of Alaska Anchorage’s Institute of Social and Economic Research in collaboration with agency partners and supported by the governor and the Alaska State Legislature, aims to create equitable access to Alaska energy data.

 

A recent planning session led to key decisions on dataset prioritization, system users and phases of development.

 

“Together, we are shaping a future where energy data is more accessible, impactful and built to serve the unique needs of Alaskans,” said ACEP Director Jeremy Kasper.

 

Read the full story.

Current Topics

First Safety Express Project Underway! Safer Seward Highway Project

Safety Express projects are immediate improvements we’re implementing now while the broader, long-term program is still in development.

 

 

Stuff I Found Interesting

Notre Dame unveiling. Axios

After more than five years of frenetic reconstruction work, Notre Dame Cathedral showed its new self to the world today — with rebuilt soaring ceilings, and creamy, good-as-new stonework erasing somber memories of the devastating 2019 fire.

 

Opinion: Building parks and futures: the impact of YEP. ADN

 

A 9-year-old Kenai girl is the star at the U.S. Capitol Christmas tree ceremony - Alaska Public Media

Rose Burke, a quiet fourth-grader from Kenai, was at the U.S. Capitol Tuesday and lit the Capitol Christmas tree. Rose, a home-schooler, had the honors because she won an essay contest for Alaska fourth-graders. Rose didn’t know she had a talent for writing. She was reluctant at first.

 

 

Economy

Slight increase in Alaska's minimum wage coming ahead of larger, voter-approved increase. Alaska Beacon

The state’s minimum wage will increase by 18 cents to $11.91 an hour at the start of the new year, the result of a ballot measure passed 10 years ago, the Alaska Department of Labor and Workforce Development said on Wednesday.

 

Gen Z's $600,000 angst. Axios

Financial services company Empower surveyed more than 2,200 Americans in September, and the Gen Z respondents — born between 1997 and 2012 — said they would need to make more than $587,000 a year to be "financially successful." That's roughly three times to six times what any other age group said they would need.

(My comment: “Gen Z” was born between 1997 -2012. This is the youngest members of our workforce. They expect large salaries, but…are they prepared to do the work, either with the soft skills of showing up on time and commitment to doing a good job, or with the educational achievement and intellectual curiosity to excel?)

 

How Trump's economic team will think about South Korea. Axios

Korean exports to the U.S. have boomed, led by cars and auto parts amid tariff changes. It's difficult to know if the deficit would have been even larger were it not for the new deal, says O'Brien, the chairman of American Global Strategies.

Reality check: A trade deficit isn't necessarily a bad thing — economists have long pointed to the benefits to productivity and the economy that come from lower priced goods and foreign investment in the U.S.

 

Alaska's state-backed housing lender relaunches $10,000 rebate for new energy-efficient homes - Alaska Public Media

The Alaska Housing Finance Corp. will offer a $10,000 credit for roughly 650 new homes that receive a five-plus or six-star energy efficiency rating. Alaska Housing CEO and Executive Director Bryan Butcher said in an interview that he hopes to boost supply.

 

 

Politics

Election reform was on the ballot - voters largely said 'no'. Alaska Beacon

With increased political polarization, rules governing who can participate in primary elections have received more attention from advocates looking to reduce that polarization. That has led to an election reform movement across the country that during this past election put nine ballot measures before voters across seven states and Washington, seeking to reform current systems.

 

California Legislature reaches historic milestone for women in office. CBS News

Women now make up 49% of the overall legislature and, for the first time, will hold a majority in the state Senate. 

 

Gov. Dunleavy appoints Fairbanks lawyer Oravec to Alaska Supreme Court. Alaska Beacon

Oravec is the lead attorney for Doyon Utilities LLC, which is part of the regional Native corporation for the Interior. She has both lived and practiced law in Alaska for nearly 26 years. She has worked as an employment lawyer in civil, administrative and appellate practice.

 

Alaska governor grants clemency to 5 residents with prior drug, alcohol abuse convictions. Alaska's News Source

Alaska Gov. Mike Dunleavy granted clemency to five people with prior drug or alcohol-related convictions on their record. Dunleavy announced on Nov. 27 that William May, Richard Vicknair, Daniel Smith, Daniel Woods, and Kit Stavrum were granted clemency due to “efforts consistent with changing their life.”

 

 

Healthcare

Justices review FDA flavored vape rejections. Axios

The justices on Monday grappled with whether the FDA erred when it denied applications for more than a million flavored vapes due to regulators' concerns they'd make youths likelier to take up smoking. The case brought by a pair of vaping manufacturers focused on whether the agency's guidance for showing that new e-cigarette products promote public health is unclear, or has shifted.

(My comment: Vaping is another form of addictive behavior that our kids don’t need more of. Obesity is already rampant in today’s kids. The Alaska Legislature passed a bill to restrict the sale of vaping materials to kids under 21. Governor Dunleavy vetoed the bill.)

 

Formaldehyde Increases Your Cancer Risk No Matter Where you LiveProPublica

As the backbone of American commerce, formaldehyde is a workhorse in major sectors of the economy, preserving bodies in funeral homes, binding particleboards in furniture and serving as a building block in plastic. The risk isn’t just to the workers using it; formaldehyde threatens everyone as it pollutes the air we all breathe and leaks from products long after they enter our homes. It is virtually everywhere.

 

Biden seeks to end subminimum wages for workers with disabilities. Axios

The median hourly wage for these folks was $3.46 as of May, per the department's analysis. (The federal minimum wage is $7.25 an hour.)The overwhelming majority of employers that are paying below minimum wage are nonprofit community rehabilitation programs that serve people with disabilities, typically in shelters or segregated settings.

Stunning stat: 10% of these workers earned $1 an hour or less in parts of 2023 and 2024, the Labor Department says.

 

Immigration curbs threaten caregiving. Axios

Some of the earliest and lasting effects from President-elect Trump's promised immigration crackdowns would be in home health and long-term care, both of which rely on a substantial number offoreign-born and undocumented workers. Reducing an already thin labor market could have serious ramifications for aging adults or those with disabilities — and potentially put more stress on family caregivers.

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (12/3/24): $72.75

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 (12/2/24): 485,313 bpd

 

Has nuclear power entered a new era of acceptance amid global warming? ADN

When Heather Hoff took a job at Diablo Canyon nuclear power plant, she was skeptical of nuclear energy — so much so that she resolved to report anything questionable to the anti-nuclear group Mothers for Peace. Instead, after working at the plant for over a decade and asking every question she could think of about operations and safety, she co-founded her own group, Mothers for Nuclear, in 2016 to keep the plant alive.

 

Precious Metal Prices

December 5, 2024

Gold - $2653.50

Silver - $31.27

Platinum - $950

Palladium - $966

Rhodium - $4400.00

 

Alaska Permanent Fund

website

 

Fund value November 26, 2024 - $81,938,000,000

PFD payout from ERA, Fiscal years 1980-2024: $43.9 Billion

$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)

·     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