Legislature(2015 - 2016)SENATE FINANCE 532
04/18/2015 09:00 AM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| HB105 | |
| HB41 | |
| Committee Contract: Bill Streur | |
| HB41 | |
| HB105 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 105 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 41 | TELECONFERENCED | |
| += | HB 178 | TELECONFERENCED | |
CS FOR HOUSE BILL NO. 105(FIN)
"An Act relating to the programs and bonds of the
Alaska Industrial Development and Export Authority;
relating to the Alaska Industrial Development and
Export Authority sustainable energy transmission and
supply development fund; requiring the Alaska
Industrial Development and Export Authority to deliver
to the legislature reports relating to the Interior
energy project; relating to the financing
authorization through the Alaska Industrial
Development and Export Authority of a liquefied
natural gas production plant and natural gas energy
projects and distribution systems in the state;
amending and repealing bond authorizations granted to
the Alaska Industrial Development and Export
Authority; authorizing the Alaska Industrial
Development and Export Authority to issue bonds to
finance the infrastructure and construction costs of
the Sweetheart Lake hydroelectric project; authorizing
the Alaska Industrial Development and Export Authority
to issue bonds to finance the infrastructure and
construction costs of rebuilding transmission between
the Hope substation and Portage, rebuilding
transmission between Powerline Pass to Indian, and the
Eklutna hydroelectric transmission system upgrade
project; relating to legislative approval for loans
from the power project fund to the City of King Cove;
and providing for an effective date."
9:11:47 AM
Vice-Chair Micciche MOVED to ADOPT the proposed committee
substitute for CSHB 105(FIN), Work Draft 29-GH1019\F
(Shutts, 4/17/15). Co-Chair MacKinnon OBJECTED for
discussion.
ERIN SHINE, STAFF, SENATOR ANNA MACKINNON, explained that
the committee substitute incorporated components of SB 50
and HB 105. She stated that there was an expanded title on
page one. Section 1 was intent language that had not
changed from the root version. She looked at Section 2,
which raised the limitations on amounts that the Alaska
Industrial Development and Export Authority (AIDEA) could
bond without legislative approval. She looked at Section 3,
which would raise the bonding level. She furthered that
there was an amendment on page 3, line 4 and 5, which
changed the word, "law" to "the legislature." Section 4
raised the bonding level for AIDEA from $20 million to $25
million. Section 5 was the beginning of many sections that
placed sideboards on the EIP project. She noted that
Sections 6, 7, and 8 incorporated most of the language from
the House version of the bill. Section 9 included added
language from the House version. Section 10 incorporated a
bonding amendment, which reduced the funds from $85 million
to $28 million. Section 11 was a repealer section, which
was original language from the governor's introduced
legislation. Section 12 was the report language that was in
each version of the bill.
Co-Chair MacKinnon REMOVED her objection. There being NO
OBJECTION, Work Draft 29-GH1019\F was ADOPTED.
GENE THERRIAULT, DEPUTY DIRECTOR, STATEWIDE ENERGY POLICY
DEVELOPMENT, ALASKA ENERGY AUTHORITY, DEPARTMENT OF
COMMERCE, COMMUNITY AND ECONOMIC DEVELOPMENT, thanked the
committee for their efforts. He believed that the committee
substitute contain all the critical language for the IEP.
Co-Chair MacKinnon asked that Mr. Therriault study the
bill, and be available later in the day for questions.
Co-Chair MacKinnon wondered if Mr. Parady had any
additional comments.
FRED PARADY, DEPUTY COMMISSIONER, DEPARTMENT OF COMMERCE,
COMMUNITY, AND ECONOMIC DEVELOPMENT, stated that he had no
additional comments.
Vice-Chair Micciche wondered where in the legislation the
phrase, "propane air mixture" was included. Mr. Therriault
replied that propane delivered in a pipe system there was a
mixture of air to lower the BPU content to an appropriate
level for the appliances.
CSHB 105(FIN) was HEARD and HELD in committee for further
consideration.
CS FOR HOUSE BILL NO. 105(FIN)
"An Act relating to the programs and bonds of the
Alaska Industrial Development and Export Authority;
relating to the Alaska Industrial Development and
Export Authority sustainable energy transmission and
supply development fund; requiring the Alaska
Industrial Development and Export Authority to deliver
to the legislature reports relating to the Interior
energy project; relating to the financing
authorization through the Alaska Industrial
Development and Export Authority of a liquefied
natural gas production plant and natural gas energy
projects and distribution systems in the state;
amending and repealing bond authorizations granted to
the Alaska Industrial Development and Export
Authority; authorizing the Alaska Industrial
Development and Export Authority to issue bonds to
finance the infrastructure and construction costs of
the Sweetheart Lake hydroelectric project; authorizing
the Alaska Industrial Development and Export Authority
to issue bonds to finance the infrastructure and
construction costs of rebuilding transmission between
the Hope substation and Portage, rebuilding
transmission between Powerline Pass to Indian, and the
Eklutna hydroelectric transmission system upgrade
project; relating to legislative approval for loans
from the power project fund to the City of King Cove;
and providing for an effective date."
1:36:30 PM
GENE THERRIAULT, DEPUTY DIRECTOR, STATEWIDE ENERGY POLICY
DEVELOPMENT, ALASKA ENERGY AUTHORITY, DEPARTMENT OF
COMMERCE, COMMUNITY AND ECONOMIC DEVELOPMENT, felt that the
intended language was appropriately incorporated.
Co-Chair MacKinnon looked at page 6, line 22, and remarked
that the word, "propane" was not included.
Co-Chair Kelly queried the draft version. Co-Chair
MacKinnon stated that the bill version was F.
Mr. Therriault deferred to Mr. Parady, regarding the word,
"propane."
FRED PARADY, DEPUTY COMMISSIONER, DEPARTMENT OF COMMERCE,
COMMUNITY, AND ECONOMIC DEVELOPMENT, explained that the
deletion of the word "propane" was due to the feeling that
the phrase "natural gas" would cover the word.
Vice-Chair Micciche stated that technically liquid
petroleum gas was considered "propane." He stated that
adding the word, "propane" at the end of the sentence on
line 22 and after the words "natural gas" on line 24 would
be more appropriate, and expand the potential.
Mr. Parady agreed.
1:38:53 PM
AT EASE
1:39:00 PM
RECONVENED
Vice-Chair Micciche moved Conceptual Amendment 1. He
explained the amendment:
Add "or propane" after the words "natural gas" on line
24.
Co-Chair MacKinnon restated the amendment.
Vice-Chair Micciche explained the fiscal note.
Vice-Chair Micciche felt that the concept was a simple
concept, and would result in generational low energy costs.
Vice-Chair Micciche MOVED to REPORT SCS CSHB 105(FIN) out
of committee with individual recommendations and the
accompanying fiscal note.
SCS CSHB 105(FIN) was REPORTED out of committee with a "do
pass" recommendation and with one new zero fiscal note from
the Department of Commerce, Community, and Economic
Development.
1:42:04 PM
AT EASE
1:44:17 PM
RECONVENED
Co-Chair MacKinnon discussed housekeeping.
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 105 Work Draft Version F.pdf |
SFIN 4/18/2015 9:00:00 AM |
HB 105 |