Legislature(2015 - 2016)SENATE FINANCE 532

04/16/2015 01:30 PM FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
= SB 9 Presentation: Overview FY17 Operating Budget
Moved SB 9 Out of Committee
+= SB 50 AIDEA: BONDS;PROGRAMS;LOANS;LNG PROJECT TELECONFERENCED
Heard & Held
+ HB 105 AIDEA: BONDS;PROGRAMS;LOANS;LNG PROJECT TELECONFERENCED
Heard & Held
+ Bills Previously Heard/Scheduled TELECONFERENCED
+= HB 176 REPEAL ST EMPL WAGE RAISE;LEGIS EMPL BENE TELECONFERENCED
Scheduled but Not Heard
<Pending Referral>
                 SENATE FINANCE COMMITTEE                                                                                       
                      April 16, 2015                                                                                            
                         2:55 p.m.                                                                                              
                                                                                                                                
                                                                                                                                
2:55:27 PM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair  MacKinnon  called  the  Senate  Finance  Committee                                                                    
meeting to order at 2:55 p.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Anna MacKinnon, Co-Chair                                                                                                
Senator Pete Kelly, Co-Chair                                                                                                    
Senator Peter Micciche, Vice-Chair                                                                                              
Senator Click Bishop                                                                                                            
Senator Mike Dunleavy                                                                                                           
Senator Lyman Hoffman                                                                                                           
Senator Donny Olson                                                                                                             
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None                                                                                                                            
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Fred  Parady, Deputy  Commissioner, Department  of Commerce,                                                                    
Community,  and   Economic  Development;   Gene  Therriault,                                                                    
Deputy  Director,   Statewide  Energy   Policy  Development,                                                                    
Alaska Energy  Authority, Department of  Commerce, Community                                                                    
and  Economic Development;  Ted Leonard,  Director Emeritus,                                                                    
Alaska Industrial Development  and Export Authority (AIDEA),                                                                    
Anchorage.                                                                                                                      
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
Jomo  Stewart, Fairbanks  Economic Development  Corporation,                                                                    
Fairbanks; Pamela  Throop, Self, Fairbanks;  Roger Burggraf,                                                                    
Self,  Fairbanks;  Merrick  Peirce,  Self,  Fairbanks;  Gary                                                                    
Hennigh, City  Manager, King  Cove; Lisa  Herbert, Director,                                                                    
Greater  Fairbanks  Chamber   of  Commerce,  Fairbanks;  Jim                                                                    
Dodson,   Fairbanks    Economic   Development   Corporation,                                                                    
Fairbanks;   Luke   Hopkins,  Mayor,   Fairbanks   Northstar                                                                    
Borough, Fairbanks; Andre LaRue, Self, Juneau.                                                                                  
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 9      ELECTION PAMPHLETS                                                                                                    
                                                                                                                                
          SB 9 was REPORTED out of committee with a "do                                                                         
          pass" recommendation and with one previously                                                                          
          published zero fiscal note: FN1 (GOV).                                                                                
                                                                                                                                
SB 50     AIDEA: BONDS;PROGRAMS;LOANS;LNG PROJECT                                                                               
                                                                                                                                
          SB 50 was HEARD and HELD in committee for further                                                                     
          consideration.                                                                                                        
                                                                                                                                
HB 105    AIDEA: BONDS;PROGRAMS;LOANS;LNG PROJECT                                                                               
                                                                                                                                
          HB 105 was HEARD and HELD in committee for                                                                            
          further consideration.                                                                                                
                                                                                                                                
CSHB 176(FIN)                                                                                                                   
          REPEAL ST EMPL WAGE RAISE;LEGIS EMPL BENE                                                                             
                                                                                                                                
          HB 176 was SCHEDULED but not HEARD.                                                                                   
                                                                                                                                
SENATE BILL NO. 9                                                                                                             
                                                                                                                                
     "An Act repealing the authority to include certain                                                                         
     material from a political party in the election                                                                            
     pamphlet."                                                                                                                 
                                                                                                                                
2:56:11 PM                                                                                                                    
                                                                                                                                
Vice-Chair Micciche summarized that the bill would purify                                                                       
the election process at the ballot box.                                                                                         
                                                                                                                                
Co-Chair MacKinnon noted that public testimony had been                                                                         
held during the 9am meeting on April 16, 2015.                                                                                  
                                                                                                                                
Vice-Chair Micciche discussed the zero fiscal note.                                                                             
                                                                                                                                
2:57:16 PM                                                                                                                    
                                                                                                                                
Vice-Chair Micciche MOVED to report SB 9 out of Committee                                                                       
with individual recommendations and the accompanying fiscal                                                                     
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
SB 9 was REPORTED out of committee with a "do pass"                                                                             
recommendation and with one previously published zero                                                                           
fiscal note: FN1 (GOV).                                                                                                         
                                                                                                                                
2:57:34 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
3:03:18 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
SENATE BILL NO. 50                                                                                                            
                                                                                                                                
     "An  Act relating  to  the programs  and  bonds of  the                                                                    
     Alaska  Industrial  Development and  Export  Authority;                                                                    
     related  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;  and   providing  for  an  effective                                                                    
     date."                                                                                                                     
                                                                                                                                
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."                                                                                      
                                                                                                                                
3:03:36 PM                                                                                                                    
                                                                                                                                
FRED PARADY, DEPUTY COMMISSIONER, DEPARTMENT OF COMMERCE,                                                                       
COMMUNITY, AND ECONOMIC DEVELOPMENT, drew attention to the                                                                      
presentation, "Interior Energy Project.                                                                                         
                                                                                                                                
3:05:15 PM                                                                                                                    
                                                                                                                                
Mr. Parady referred to Slide 2, "IEP: Goals Under SB23":                                                                        
                                                                                                                                
     · Supply natural gas to Interior Alaska:                                                                                   
          -At the lowest cost possible                                                                                          
          -As many Alaska customers as possible                                                                                 
          -As soon as possible                                                                                                  
     ·  IEP investments compliment  eventual sources  of gas                                                                    
        supply from a natural gas pipe line                                                                                     
     · Lower PM2.5 in nonattainment areas of Interior                                                                           
                                                                                                                                
3:06:16 PM                                                                                                                    
                                                                                                                                
Mr. Parady spoke to Slide 3, "IEP: Overview":                                                                                   
                                                                                                                                
     ·  Meet the  goals  set by  the  legislature to  supply                                                                    
        affordable energy to Interior Alaska                                                                                    
     ·  Project is  complex, which  is  why the  legislature                                                                    
        took action                                                                                                             
     ·  Now evaluating infrastructure to deliver natural gas                                                                    
        from any source, including Cook Inlet                                                                                   
     ·  AIDEA  financing   the  buildout   of  natural   gas                                                                    
        distribution in Fairbanks and North Pole                                                                                
                                                                                                                                
3:06:27 PM                                                                                                                    
                                                                                                                                
Mr. Parady moved to Slide 4, "IEP: HB 105/ SB 50":                                                                              
                                                                                                                                
     ·  HB 105 / SB 50 gives AIDEA flexibility  to use SB 23                                                                    
        financing tools with a non-North Slope liquefaction                                                                     
        location                                                                                                                
             -Current version  of  HB  105  also  authorizes                                                                    
             financing propane  and small  diameter pipeline                                                                    
             (under 12" diameter) projects to meet the goals                                                                    
             of the IEP                                                                                                         
             -Current version of SB 50 authorizes financing                                                                     
             small diameter pipeline                                                                                            
                                                                                                                                
3:06:37 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy  queried the  geographic boundaries  of the                                                                    
legislation.                                                                                                                    
                                                                                                                                
GENE  THERRIAULT, DEPUTY  DIRECTOR, STATEWIDE  ENERGY POLICY                                                                    
DEVELOPMENT,   ALASKA   ENERGY  AUTHORITY,   DEPARTMENT   OF                                                                    
COMMERCE,  COMMUNITY  AND  ECONOMIC  DEVELOPMENT,  explained                                                                    
that  the terminology  "interior  energy  project" had  been                                                                    
selected by the previous  administration, realizing that the                                                                    
core demand  within the Fairbanks Northstar  Borough was the                                                                    
demand   that   would   justify    the   building   of   the                                                                    
infrastructure.  However,   once  delivery  to   serve  that                                                                    
geographic  was   achieved,  the   product  would   also  be                                                                    
available to figure out the  economics of delivering it down                                                                    
the  road system  to Delta,  Northway, and  Tok. He  relayed                                                                    
that there were  storage credits on the books  that would be                                                                    
available to  the smaller communities. He  stated that there                                                                    
had never been a firm  definition of "interior" rather there                                                                    
had  been an  expectation  that the  product  would be  made                                                                    
available in as large a geographic area as possible.                                                                            
                                                                                                                                
3:07:55 PM                                                                                                                    
                                                                                                                                
Co-Chair  MacKinnon asked  whether  the governor  understood                                                                    
the "stage gate"  approach to interior energy,  and that the                                                                    
boundaries were outside of the Fairbanks area.                                                                                  
                                                                                                                                
Mr.  Therriault believed  so. He  stated that  they had  had                                                                    
discussions naming  the interior  as the primary  market. He                                                                    
added  that  once  infrastructure  was  in  place  that  was                                                                    
producing the  product, secondary  markets could  be served.                                                                    
He  understood that  the economics  of  the smaller  markets                                                                    
could be a challenging but not impossible.                                                                                      
                                                                                                                                
3:08:54 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy  reasserted his question pertaining  to the                                                                    
boundary.                                                                                                                       
                                                                                                                                
Mr. Therriault replied that the focus of the project would                                                                      
be the Fairbanks/North Pole area.                                                                                               
                                                                                                                                
3:10:01 PM                                                                                                                    
                                                                                                                                
Mr. Parady returned to Slide 4.                                                                                                 
                                                                                                                                
3:10:39 PM                                                                                                                    
                                                                                                                                
Mr. Parady presented Slide 5, "North Slope Project Map,"                                                                        
which displayed a schematic map of the project authorized                                                                       
under SB 23 in 2013.                                                                                                            
                                                                                                                                
3:11:33 PM                                                                                                                    
                                                                                                                                
Mr. Parady discussed Slide 6, "Cook Inlet Project Map,"                                                                         
which was a schematic map that illustrated the Cook Inlet                                                                       
project authorized in HB 105/ SB 50.                                                                                            
                                                                                                                                
3:11:52 PM                                                                                                                    
                                                                                                                                
Mr. Parady moved to slide 7, "Cook Intlet, North Slope, and                                                                     
other Alternatives":                                                                                                            
                                                                                                                                
     Cook Inlet                                                                                                             
                                                                                                                                
     Natural  Gas  Supply  -   Supply  still  uncertain  but                                                                  
     indications are positive                                                                                                   
     LNG  Plan Costs  -  Cheaper to  construct and  operate,                                                                  
     "off the shelf"                                                                                                            
     Trucking/Rail  - Lower  trucking  costs, large  trailer                                                                  
     potential rail option                                                                                                      
     Storage and  distribution -  Nor significant  change in                                                                  
     design and costs                                                                                                           
                                                                                                                                
     North Slope                                                                                                            
                                                                                                                              
     Natural  Gas  Supply -  Abundant  supply  at low  cost,                                                                
     existing contracts in place                                                                                                
     LNG Plan Costs - Expensive  to design and construct for                                                                  
     North Slope conditions                                                                                                   
     Trucking/Rail   -  Trucking   is  more   expensive  but                                                                  
     feasible                                                                                                                 
     Storage  and distribution  - No  significant change  in                                                                  
     design and costs                                                                                                           
                                                                                                                              
     Other                                                                                                                  
                                                                                                                              
     Natural Gas Supply - Propane: Canada (HB 105 only)                                                                       
     Pipeline: Cook Inlet                                                                                                     
     LNG Plan Costs - Propane: No plant                                                                                       
     Pipeline: No plant                                                                                                         
     Trucking/Rail - Propane: Marine, rail, trucking                                                                          
     Pipeline: None                                                                                                             
     Storage and distribution - Propane: Redesign storage                                                                     
     and regas                                                                                                                  
     Pipeline: Less storage                                                                                                     
                                                                                                                                
3:13:39 PM                                                                                                                    
                                                                                                                                
Mr. Parady showed Slide 8,  "North Slope LNG Project," which                                                                    
illustrated the supply chain laid out in SB 23:                                                                                 
                                                                                                                                
     1. Two Existing Gas Supply Agreements with North Slope                                                                     
        Producers                                                                                                               
     2. 3rd Party LNG Developer                                                                                                 
     3. Private Trucking Contractors                                                                                            
     4. Interior Gas Utility - Fairbanks Natural Gas -                                                                          
        Golden Valley Electric Association.                                                                                     
                                                                                                                                
He shared that the North  Slope LNG Project supply chain had                                                                    
been  well   vetted  and  had  provided   Alaska  Industrial                                                                    
Development and  Export Authority  (AIDEA) and  the Interior                                                                    
Utilities with  estimated costs.  He furthered that  the LNG                                                                    
costs  for  a  North  Slope  project  under  the  Concession                                                                    
Agreement was too high and  that Alternative North Slope LNG                                                                    
production projects would be considered.                                                                                        
                                                                                                                                
3:14:48 PM                                                                                                                    
                                                                                                                                
Mr. Parady moved  to slide 9, "Cook  Inlet LNG Alternative,"                                                                    
and commented  that the project was  similarly structured to                                                                    
the  project on  the  previous slide.  He  noted the  supply                                                                    
chain:                                                                                                                          
                                                                                                                                
    1. Gas Supply Agreement with Cook Inlet Producer(s)                                                                         
     2. 3rd Part LNG Developer                                                                                                  
     3. Private Trucking Contracts or Alaska Railroad                                                                           
     4. Interior Gas Utility - Fairbanks Natural Gas -                                                                          
        Golden Valley Electric Association                                                                                      
                                                                                                                                
He  stated  that  the  allowance   of  the  alternative,  in                                                                    
addition  to  the North  Slope  supply  chain authorized  in                                                                    
2013, was the purpose of HB 105/ SB 50's IEP changes.                                                                           
                                                                                                                                
3:15:13 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy  surmised that the most  cost effective way                                                                    
to  move gas  would be  in a  straight line,  in a  pipe. He                                                                    
asked whether a small pipeline was the intention.                                                                               
                                                                                                                                
Mr.  Parady related  that the  gas pipeline  option was  the                                                                    
most elegant  solution, but involved the  longest permitting                                                                    
timeline  and largest  upfront capital.  He  added that  the                                                                    
life expectancy of the project should be considered.                                                                            
                                                                                                                                
3:16:23 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon referred  to slide 8. She  asked how much                                                                    
it had cost to vet the North Slope Project.                                                                                     
                                                                                                                                
Mr.  Parady  stated  that   expenditures  from  the  capital                                                                    
appropriation  on  the  North  Slope  option  totaled  $12.4                                                                    
million. He  explained that there  had been $1.3  million in                                                                    
direct  plant cost  legal financial  work; $5.7  million for                                                                    
construction   and   permitting;   $5   million   for   plan                                                                    
engineering   and   design,    and   $330,000   in   storage                                                                    
distribution and conversion work.  He furthered that much of                                                                    
money was applicable to the  project as it flipped, and some                                                                    
of the  money was contained in  the value of the  pad, which                                                                    
could be  disposed of  as an asset  at the  appropriate time                                                                    
that a North Slope option was set aside.                                                                                        
                                                                                                                                
3:17:31 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon  asked whether  the City of  Fairbanks or                                                                    
AIDEA walked away from the concession agreement.                                                                                
                                                                                                                                
Mr.  Parady  replied  that  it  could  be  argued  that  MWH                                                                    
Americas had  walked away due to  continually shifting terms                                                                    
during the  diligence process.  He stated  that, ultimately,                                                                    
the AIDEA  board had decided  that the  Concession Agreement                                                                    
was not being met and chose not to extend its deadline.                                                                         
                                                                                                                                
Co-Chair MacKinnon  asked what  the unacceptable  gate price                                                                    
rate had been.                                                                                                                  
                                                                                                                                
Mr. Parady thought that the rate was $13 or $14.                                                                                
                                                                                                                                
3:18:24 PM                                                                                                                    
                                                                                                                                
Co-Chair Kelly  asked for a  breakdown of MWH  Americas role                                                                    
in the process. He                                                                                                              
                                                                                                                                
Mr. Parady deferred the question to AIDEA.                                                                                      
                                                                                                                                
3:20:10 PM                                                                                                                    
                                                                                                                                
Mr. Parady  related that AIDEA would  encourage and evaluate                                                                    
all  proposals  to achieve  the  goals  of  the IEP  as  the                                                                    
process  moved  forward.  He presented  Slide  10,  "Project                                                                    
Execution Plan":                                                                                                                
                                                                                                                                
        o Natural   Gas    supply:   Facilitate   commercial                                                                    
          discussions between producers and utilities                                                                           
        o Liquefaction: Competitive solicitation to select                                                                      
          private partner to develop LNG capacity                                                                               
        o Transportation:    Private     trucking,    Alaska                                                                    
          railroad, small diameter pipeline, propane                                                                            
        o Storage,    Regasification,   and    Distribution:                                                                    
         Buildout of system continues Summer 2015                                                                               
                                                                                                                                
3:21:05 PM                                                                                                                    
                                                                                                                                
Mr. Parady turned to Slide 11, "IEP Summary":                                                                                   
                                                                                                                                
        o The goals remain as established by SB23                                                                               
        o HB 105 / SB 50 authorizes the tool kit to best                                                                        
          achieve goals of IEP                                                                                                  
        o Market driven process                                                                                                 
               -Accomplishing IEP goals requires adaptation                                                                     
               to current market and operating realities                                                                        
                                                                                                                                
3:21:30 PM                                                                                                                    
                                                                                                                                
TED   LEONARD,   DIRECTOR    EMERITUS,   ALASKA   INDUSTRIAL                                                                    
DEVELOPMENT   AND  EXPORT   AUTHORITY  (AIDEA),   ANCHORAGE,                                                                    
addressed referred to Co-Chair  Kelly's earlier question. He                                                                    
stated  that there  were several  factors in  the Concession                                                                    
Agreement that needed to be met,  such as: having all of the                                                                    
project  criteria completed  by  December  31, MWH  Americas                                                                    
needed to  have take-off agreements from  the utilities, and                                                                    
a fully  vetted price  needed to  be established.  He opined                                                                    
that the  conditions had  not been met,  and there  had been                                                                    
additional  costs, but  that  the issues  were  due to  time                                                                    
constraints.                                                                                                                    
                                                                                                                                
3:23:10 PM                                                                                                                    
Mr. Therriault spoke to the sectional analysis for CSSB                                                                         
50(RES), version N:                                                                                                             
                                                                                                                                
     Section 1:  Adds intent language to  the uncodified law                                                                  
     of  Alaska detailing  that  the geographic  flexibility                                                                    
     provided in Section  3 of this act is only  to apply to                                                                    
     the  AIDEA  financing  tools for  the  Interior  Energy                                                                    
     Project previously  authorized by ch. 26,  SLA 2013 and                                                                    
    is not intended to expand the scope of the project.                                                                         
     Adds  intent that  AIDEA use  an  open and  competitive                                                                    
     process to  select private  entities to  participate in                                                                    
     the Interior Energy Project.                                                                                               
                                                                                                                                
     Section 2:  Amends the definition of  "qualified energy                                                                  
     development"  that  qualifies  for  SETS  financing  to                                                                    
     include consideration of  propane and possible delivery                                                                    
     of  natural  gas to  Interior  Alaska  via pipeline  no                                                                    
     larger than 12 inches in diameter.                                                                                         
                                                                                                                                
     Section 3:  Changes the uncodified law  [11(a), ch. 26,                                                                  
     SLA 2013]  that deals with the  Interior Energy Project                                                                    
     (IEP).  Deletes the  phrase "on  the  North Slope"  and                                                                    
     changes it to  "in the state that  will provide natural                                                                    
     gas  to Interior  Alaska" so  that natural  gas can  be                                                                    
     sourced  anywhere  in  the   state.  The  section  also                                                                    
     clarifies that  existing IEP financing  can be  used to                                                                    
     support more  than one natural gas  distribution system                                                                    
     in Interior Alaska.                                                                                                        
                                                                                                                                
     Section 4: Requires AIDEA  to provide quarterly reports                                                                  
     to  the  Legislature  on the  status  of  the  Interior                                                                    
     Energy Project that contains:                                                                                              
          1. a description of project progress;                                                                                 
          2. an update on distribution system status                                                                            
          3. information on the conversions to natural gas                                                                      
          4. an accounting on the use and expected use of                                                                       
          funds.                                                                                                                
                                                                                                                                
     Requires  AIDEA  to provide  a  brief  on the  Interior                                                                    
     Energy Project to the LB&A Committee                                                                                       
                                                                                                                                
3:27:32 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy queried the issues behind the limitations                                                                      
of the diameter of the pipe.                                                                                                    
                                                                                                                                
3:28:02 PM                                                                                                                    
                                                                                                                                
Vice-Chair  Micciche  responded  that one  of  the  stopping                                                                    
points of similar projects in the  past had been the fear of                                                                    
competing  with  the  North Slope  Project;  AKLNG  or  ASAP                                                                    
lines. He said that the  language clarified that the project                                                                    
was not intended  to replace those projects,  but was simply                                                                    
for supply to Fairbanks.                                                                                                        
                                                                                                                                
3:28:29 PM                                                                                                                    
                                                                                                                                
Mr. Therriault concluded the sectional analysis:                                                                                
                                                                                                                                
     Section   5:  Sunsets   the   reporting  and   briefing                                                                  
     requirements of Sec. 4 on June 30, 2025.                                                                                   
                                                                                                                                
     Section 6: Provides an immediate effective date.                                                                         
                                                                                                                                
Co-Chair MacKinnon  explained that  public testimony  for HB                                                                    
105 and SB  50 would occur simultaneously. She  said that if                                                                    
the bill were to move, the  house bill would be the vehicle;                                                                    
the contents  of the final bill  could come from HB  105, SB                                                                    
50, and any amendments offered by the committee.                                                                                
                                                                                                                                
3:29:51 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
3:30:19 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair MacKinnon introduced the legislation.                                                                                  
                                                                                                                                
Mr. Therriault discussed the sectional analysis:                                                                                
                                                                                                                                
     Section  1: adds  intent language  to clarify  that the                                                                  
     financial tools  discussed in Section  10 are  only for                                                                    
     the benefit  of the  Interior Energy  Project described                                                                    
     in Section 10.                                                                                                             
                                                                                                                                
Mr. Therriault noted that the  intent language in HB 105 was                                                                    
similar to the language in SB 50.                                                                                               
                                                                                                                                
     Section 2:  increases the  limit under  AS 44.88.095(c)                                                                  
     from  $6  million  to   $10  million.  AS  44.88.095(c)                                                                    
     requires  AIDEA  to  receive  a  certified  copy  of  a                                                                    
     resolution  of the  municipality or  from the  Regional                                                                    
     Resource Advisory Council  (in the Unorganized Borough)                                                                    
     consenting to the location of  a project if AIDEA is to                                                                    
     issue  bonds  exceeding  $6,000,000.  AIDEA  recommends                                                                    
     that  this cap  be increased  to $10,000,000  to better                                                                    
     reflect the true costs of projects in 2015.                                                                                
                                                                                                                                
Mr. Therriault explained that several of the sections                                                                           
detailed statues that had been updated for changes due to                                                                       
inflation.                                                                                                                      
                                                                                                                                
     Section 3:  increases the  limit under  AS 44.88.095(g)                                                                  
     from  $10  million  to  $25  million.  AS  44.88.095(g)                                                                    
     requires  that AIDEA  receive  legislative approval  to                                                                    
     issue bonds  in amounts over  $10 million to  finance a                                                                    
     development project. The  current bond limitations have                                                                    
     lessened AIDEA's  ability to utilize bonding  as a tool                                                                    
     in funding small  to mid-size projects due  to the time                                                                    
     it takes to get  authorization from the Legislature and                                                                    
     to  go  through  the community  authorization  process.                                                                    
     Additionally, AIDEA  is recommending the  dollar amount                                                                    
     of bond  limitations be the  same as the  dollar amount                                                                    
     limit on  loan participations AS  44.88.155(d)(1) since                                                                    
     loan   participations  may   be  funded   through  bond                                                                    
     issuances.                                                                                                                 
                                                                                                                                
     Section 4:  changes the loan participation  limit under                                                                  
     AS 44.88.155(d)(1) to $25 million  (current limit - $20                                                                    
     million),  and   $25  million  (current  limit   -  $20                                                                    
     million)  for  a  loan participation  for  a  qualified                                                                    
     energy  project  without  the  necessity  of  obtaining                                                                    
     prior  legislative  approval.   Increasing  the  limits                                                                    
     would allow AIDEA to provide  more of the financing for                                                                    
     a  large  commercial  project and  a  qualified  energy                                                                    
     project and  provide better  financing terms  for those                                                                    
     projects.                                                                                                                  
                                                                                                                                
Co-Chair MacKinnon asked when the SETS Fund was                                                                                 
established.                                                                                                                    
                                                                                                                                
Mr. Therriault thought that the fund was established in                                                                         
2011.                                                                                                                           
                                                                                                                                
     Section  5: adds  an exception  to  AIDEA's ability  to                                                                  
     enter into projects that involve a lease.                                                                                  
                                                                                                                                
     Section 6:  requires legislative approval  before AIDEA                                                                  
     may enter  into a  gas supply  contract with  a natural                                                                    
     gas  producer  in  order  to   supply  natural  gas  to                                                                    
     Interior  utilities unless  the gas  contract is  for a                                                                    
     natural gas  liquefaction plant or  distribution system                                                                    
     that is owned  by the Authority or a  subsidiary of the                                                                    
     Authority.                                                                                                                 
                                                                                                                                
     Section 7: prohibits AIDEA from  using the SETS fund to                                                                  
     purchase  natural gas  reserves  or a  gas  lease or  a                                                                    
     working interest owner of a natural gas lease.                                                                             
                                                                                                                                
Mr.    Therriault   acknowledged    concerns   that    AIDEA                                                                    
occasionally used its  Enterprise Fund to invest  in oil and                                                                    
gas infrastructure and in doing  so would take as collateral                                                                    
for the  loan an  ownership in  the potential  production of                                                                    
oil and  gas out of  the facilities.  He said that  work had                                                                    
been  done to  add  the restriction  in  Section 7,  without                                                                    
upsetting any  ongoing AIDEA interaction of  funding oil and                                                                    
gas infrastructure.                                                                                                             
                                                                                                                                
     Section 8:  amends the definition of  "qualified energy                                                                  
     development"  that  qualifies  for  SETS  financing  to                                                                    
     include consideration of  propane and possible delivery                                                                    
     of  natural  gas to  Interior  Alaska  via pipeline  no                                                                    
     larger than 12 inches in diameter.                                                                                         
                                                                                                                                
     Section   9:   refreshes    a   previous   AIDEA   bond                                                                  
     authorization  for a  bulk commodity  handling facility                                                                    
     in Cook  Inlet. The  language requires the  facility to                                                                    
     be located at Point MacKenzie.                                                                                             
                                                                                                                                
3:39:48 PM                                                                                                                    
                                                                                                                                
Vice-Chair Micciche  asked for  the primary reason  that new                                                                    
legislation had  to be drafted  in order for the  project to                                                                    
continue.                                                                                                                       
                                                                                                                                
Mr.  Therriault replied  that the  primary  reason could  be                                                                    
found in Section  10 of the legislation; the  removal of the                                                                    
words, "on the North Slope."                                                                                                    
                                                                                                                                
Vice-Chair Micciche asserted  that parochialism was creeping                                                                    
back into  the bill.  He opined  that qualifiers  were being                                                                    
added to  the legislation  that would  limit the  ability to                                                                    
provide inexpensive  natural gas  to people in  the Interior                                                                    
and Fairbanks.                                                                                                                  
                                                                                                                                
Mr. Therriault  stated that  as the  bill moved  through the                                                                    
committee process in both bodies,  the language had evolved.                                                                    
He   said  that   the   language  had   not   been  in   the                                                                    
administration's original bill. He said that if the                                                                             
refreshed authorization went into the final bill, it would                                                                      
not be attached to the IEP project.                                                                                             
                                                                                                                                
3:42:59 PM                                                                                                                    
                                                                                                                                
Mr. Therriault returned to the sectional analysis:                                                                              
                                                                                                                                
     Section 10: changes the uncodified  law [11(a), ch. 26,                                                                  
     SLA 2013]  that deals with the  Interior Energy Project                                                                    
     (IEP).  Deletes the  phrase "on  the  North Slope"  and                                                                    
     changes it to  "in the state that  will provide natural                                                                    
     gas  to Interior  Alaska" so  that natural  gas can  be                                                                    
     sourced  anywhere  in  the   state.  The  section  also                                                                    
     clarifies that  existing IEP financing  can be  used to                                                                    
     support more  than one natural gas  distribution system                                                                    
     in  Interior  Alaska.  Requires   the  AIDEA  Board  to                                                                    
     approve a project plan by  resolution that includes the                                                                    
     following  items   before  SETS  financing   tools  can                                                                    
     continue to be used for the IEP.                                                                                           
          1. An identified source of natural gas or propane                                                                     
          2. An estimated cost of the project                                                                                   
          3. An estimated price for the resource delivered                                                                      
          to Interior Alaska utilities                                                                                          
                                                                                                                                
     Section   11:    reduces   a   previous    AIDEA   bond                                                                  
     authorization  at the  Anchorage International  Airport                                                                    
     from $85,000,000 to $28,000,000.                                                                                           
                                                                                                                                
     Section  12:  repeals legislative  bond  authorizations                                                                  
     (1994  through 2006)  under 44.88.095(g)  for potential                                                                    
     projects  that were  determined not  to be  feasible or                                                                    
     did not move  forward for other reasons.  The repeal of                                                                    
     these  authorizations would  be  beneficial to  AIDEA's                                                                    
     bond  rating  as AIDEA  moves  forward  to utilize  its                                                                    
     bonding  capacity for  future projects.  Authorizations                                                                    
     to be repealed include:                                                                                                    
          1. $50,000,000 for construction of processing                                                                         
          facility for seafood (ASI) - 1993 authorization.                                                                      
          2. $20,000,000 to assist in construction of                                                                           
          Kodiak    launch     complex    facilities    1995                                                                    
          authorization.                                                                                                        
          3. $80,000,000 to fund expansion at Red Dog port                                                                      
          - 1998 authorization.                                                                                                 
          4. $30,000,000 to finance improvement at Nome                                                                         
          port facility - 1998 authorization.                                                                                   
          5. $25,000,000 to finance development at Hatcher                                                                      
          Pass located in Matanuska-Susitna Borough -                                                                           
          amended 2006 authorization.                                                                                           
          6. $20,000,000 to finance construction of port                                                                        
          facilities on Lynn Canal - 2004 authorization                                                                         
                                                                                                                                
     Section 13:  places a  sunset of June  30, 2019  on the                                                                  
     bulk commodity handling  facility bonding authorization                                                                    
     contained in Section 9.                                                                                                    
                                                                                                                              
     Section 14: authorizes AIDEA to  issue bonds to finance                                                                  
     infrastructure and construction  cost of the Sweetheart                                                                    
     Lake hydroelectric  project not to  exceed $120,000,000                                                                    
     if a  project financing  application is  submitted that                                                                    
     meets  the  Authorities  due  diligence  standards  and                                                                    
     investment criteria.                                                                                                       
                                                                                                                                
3:45:23 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon asked where Sweetheart Lake was located.                                                                     
Mr. Therriault related that it was just due south of                                                                            
Juneau.                                                                                                                         
                                                                                                                                
3:45:53 PM                                                                                                                    
                                                                                                                                
Mr. Therriault continued with the sectional analysis:                                                                           
                                                                                                                                
     Section 15: authorizes AIDEA to  issue bonds to finance                                                                  
     Railbelt  electric transmission  upgrades between  Hope                                                                    
     substation  and  Portage,  between Powerline  Pass  and                                                                    
     Indian  and to  the Eklutna  hydroelectric system.  The                                                                    
     total  bonding authorization  for the  Hope/Portage and                                                                    
     Powerline  Pass/Indian  improvements   may  not  exceed                                                                    
     $107,100,000. The  total authorization for  the Eklutna                                                                    
     system may not exceed $20,400,000.                                                                                         
                                                                                                                              
     Section 16:  authorizes the Alaska Energy  Authority to                                                                  
     enter into  a loan from  the Power Project Fund  for up                                                                    
     to  $3,000,000  for  the   King  Cove  Waterfall  Creek                                                                    
     hydroelectric   project   if    a   project   financing                                                                    
     application   is  submitted   that   meets  AEA's   due                                                                    
     diligence standards and investment criteria.                                                                               
                                                                                                                                
3:46:53 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon asked how high the priority ranked on                                                                        
the renewable energy list.                                                                                                      
                                                                                                                                
Mr. Therriault  said he would  provide the information  at a                                                                    
later date.                                                                                                                     
                                                                                                                                
3:47:17 PM                                                                                                                    
                                                                                                                                
Mr. Therriault returned to the sectional analysis:                                                                              
                                                                                                                                
     Section  17:  requires  AIDEA  to  submit  a  quarterly                                                                  
     report on  the status  of the Interior  Energy Project.                                                                    
     Also  instructs  AIDEA  to  provide  briefings  to  the                                                                    
     Legislative Budget and Audit Committee when requested.                                                                     
                                                                                                                              
     Section 18:  places a  sunset of June  30, 2019  on the                                                                  
     Sweetheart  Lake, Railbelt  transmission and  Waterfall                                                                    
     Creek bond authorizations contained  in Sections 14, 15                                                                    
     and 16.                                                                                                                    
                                                                                                                              
     Section 19:  places a  sunset of June  30, 2020  on the                                                                  
     reporting requirements contained in Section 17.                                                                            
                                                                                                                              
     Section  20: provides  an immediate  effective date  on                                                                  
     the legislation.                                                                                                           
                                                                                                                                
3:48:09 PM                                                                                                                    
                                                                                                                                
Vice-Chair  Micciche  asked  for   the  total  general  fund                                                                    
dollars expended through the capital  budget for the current                                                                    
year.                                                                                                                           
                                                                                                                                
Co-Chair MacKinnon specified that it was $113 million.                                                                          
                                                                                                                                
Vice-Chair  Micciche  contended that  in  order  to get  the                                                                    
votes  needed  to move  the  bill  out  of the  house,  $224                                                                    
million in  projects had been  added to the  legislation. He                                                                    
hoped  that the  committee could  work to  craft legislation                                                                    
that  would   help  residents   in  the   Interior,  without                                                                    
scattering the focus around the state to, "collect votes."                                                                      
                                                                                                                                
3:49:23 PM                                                                                                                    
                                                                                                                                
Co-Chair Kelly asserted  that there was not  $224 million in                                                                    
extra projects  in the  bill. He pointed  out that  the bill                                                                    
had  a zero  fiscal  note,  and said  that  was because  the                                                                    
projects would  have to go  through due diligence  and would                                                                    
not get  funded if  they were not  good projects.  He stated                                                                    
that it  was possible  that none of  the projects  would see                                                                    
fruition.                                                                                                                       
                                                                                                                                
3:50:48 PM                                                                                                                    
                                                                                                                                
Senator Hoffman stated  that he was trying  to reconcile the                                                                    
differences between  the reporting requirement  sunset dates                                                                    
in the two bills.                                                                                                               
                                                                                                                                
Mr. Therriault  explained that the  other body  had proposed                                                                    
that  5 years  was adequate,  but that  the chair  of Senate                                                                    
Resources had  felt that  a longer period  of time  would be                                                                    
better. He  said that either date,  or something in-between,                                                                    
would be acceptable.                                                                                                            
                                                                                                                                
3:51:56 PM                                                                                                                    
                                                                                                                                
Co-Chair  MacKinnon noted  that  in Section  12, there  were                                                                    
projects listed  from Kodiak, Red  Dog, Nome,  Hatchers Pass                                                                    
(MatSu), and Lynn Canal.                                                                                                        
                                                                                                                                
3:52:32 PM                                                                                                                    
                                                                                                                                
Vice-Chair Micciche  said that  he was focused  on providing                                                                    
lower  cost energy  to the  Interior. He  proposed that  all                                                                    
projects be evaluated with caution.                                                                                             
                                                                                                                                
3:53:04 PM                                                                                                                    
                                                                                                                                
Mr.   Therriault  pointed   out  that   in  the   Governor's                                                                    
transmittal  letter, there  was a  breakdown of  all of  the                                                                    
projects that were being repealed.                                                                                              
                                                                                                                                
3:53:22 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy thought that  the same information had been                                                                    
written into SB 50.                                                                                                             
                                                                                                                                
3:53:41 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon stated that  she wanted to simultaneously                                                                    
take public testimony for SB 50 and HB 105.                                                                                     
                                                                                                                                
3:54:19 PM                                                                                                                    
                                                                                                                                
Co-Chair MacKinnon OPENED public testimony  for SB 50 and HB                                                                    
105.                                                                                                                            
3:54:34 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
3:55:14 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
JOMO  STEWART, FAIRBANKS  ECONOMIC DEVELOPMENT  CORPORATION,                                                                    
FAIRBANKS (via  teleconference), testified in support  of HB                                                                    
105  and SB  50. He  hoped  that the  project would  address                                                                    
clean air  and energy  problems in  Fairbanks, and  that the                                                                    
project  could be  replicable for  other communities  in the                                                                    
state.  He discussed  turning Alaska's  gas  into a  movable                                                                    
commodity.  He   said  that  in  planning   the  project,  a                                                                    
replicable funding  model was sought. He  idealized that the                                                                    
success of  the project would  serve as  a path for  other c                                                                    
communities to follow.                                                                                                          
                                                                                                                                
3:58:32 PM                                                                                                                    
                                                                                                                                
PAMELA   THROOP,  SELF,   FAIRBANKS  (via   teleconference),                                                                    
testified in support  of SB 50 and HB 105.  She thought that                                                                    
it was  imperative that the  citizens of the  Fairbanks area                                                                    
receive immediate  relief and that  this was a  pivotal time                                                                    
in  the  city's  history  that would  determine  whether  it                                                                    
thrived or died. She thought  that the bill would give AIDEA                                                                    
the  latitude to  do  research that  would  reveal the  best                                                                    
alternatives for affordable energy  for the area. She shared                                                                    
that she favored  propane. She did not  think that liquefied                                                                    
natural gas was a viable option.                                                                                                
                                                                                                                                
4:02:06 PM                                                                                                                    
                                                                                                                                
ROGER  BURGGRAF,   SELF,  FAIRBANKS   (via  teleconference),                                                                    
testified  in support  of SB  50  and HB  105. He  expressed                                                                    
concern for the  air quality in Fairbanks  and the Interior,                                                                    
as well  as the need for  affordable energy in the  area. He                                                                    
referred  to  the  decreasing population  in  Fairbanks  and                                                                    
attributed it  to high  energy costs.  He stressed  the need                                                                    
for affordable fuel in rural  communities. He hoped that the                                                                    
legislature and  the administration  could work  together on                                                                    
the issue.                                                                                                                      
                                                                                                                                
4:05:25 PM                                                                                                                    
                                                                                                                                
MERRICK  PEIRCE,   SELF,  FAIRBANKS   (via  teleconference),                                                                    
testified in support  of SB 50 and HB 105.  He believed that                                                                    
HB  105  would  allow  the greatest  number  of  options  to                                                                    
include an evaluation  of propane and a  small gas pipeline.                                                                    
He noted that propane had  great potential benefit for rural                                                                    
Alaska. He  felt that SB 23  had been too limiting.  He said                                                                    
that due  to the  lack of affordable  clean energy,  the air                                                                    
quality  in  the Interior  was  terrible,  putting lives  at                                                                    
stake. He thought that the  economy in the Interior would be                                                                    
bolstered through the legislation.                                                                                              
                                                                                                                                
4:07:44 PM                                                                                                                    
                                                                                                                                
GARY HENNIGH, CITY MANAGER,  KING COVE (via teleconference),                                                                    
testified in support  (??) of SB 50 and HB  105. He said the                                                                    
City  of  King Cove  was  the  most prolific,  single  site,                                                                    
renewable energy  community in Alaska. He  related that King                                                                    
Cove successfully utilizes a  hydroelectric facility and was                                                                    
in  the  process  of  constructing  a  second  hydroelectric                                                                    
facility. He said the Waterfall  Creek project was currently                                                                    
one of the top ranked  projects on the renewable energy fund                                                                    
list. He said that when  the grant money for Waterfall Creek                                                                    
was added to the loan  money still needed, the project would                                                                    
be over  $5 million; which  was why  the project was  in the                                                                    
bill.  He stated  that  with the  completion  of the  second                                                                    
project, 80 percent  of the annual power in  King Cove would                                                                    
come from  renewable energy. He  relayed that King  Cove had                                                                    
the lowest PCE cost in rural Alaska.                                                                                            
                                                                                                                                
4:10:22 PM                                                                                                                    
                                                                                                                                
Co-Chair  MacKinnon  asked  about  the  cost  of  the  first                                                                    
project in renewable  energy in King Cove, and  how much the                                                                    
state contributed.                                                                                                              
                                                                                                                                
Mr. Hennigh  relayed that the  first project, in  1994, cost                                                                    
approximately $6  million and was  35 percent funded  by the                                                                    
state. He added  that the city contribute 40  percent of the                                                                    
cost and the rest came from federal energy grants.                                                                              
                                                                                                                                
Co-Chair   MacKinnon  asked   how  much   the  state   would                                                                    
contribute to the second project's $6.5 million price tag.                                                                      
                                                                                                                                
Mr.  Hennigh replied  that the  project was  on the  current                                                                    
renewable energy  fund list for an  additional capital grant                                                                    
of $1.5 million.  He opined that an  additional $1.2 million                                                                    
would be needed  in order to put together  the total funding                                                                    
scenario to reach the $6.5 million.                                                                                             
                                                                                                                                
4:11:54 PM                                                                                                                    
LISA  HERBERT,   DIRECTOR,  GREATER  FAIRBANKS   CHAMBER  OF                                                                    
COMMERCE,  FAIRBANKS  (via   teleconference),  testified  in                                                                    
support  of HB  105.  She shared  that  stakeholders in  her                                                                    
community had  been engaged in conversations  with AIDEA and                                                                    
encouraged  the  legislature  to remain  committed  to,  and                                                                    
supportive  of,  the stated  goals  of  the Interior  Energy                                                                    
Project.                                                                                                                        
                                                                                                                                
4:13:39 PM                                                                                                                    
                                                                                                                                
Vice-Chair Micciche asked Ms.  Herbert if she also supported                                                                    
SB 50.                                                                                                                          
                                                                                                                                
Mr. Herbert understood that HB  105 would be the vehicle for                                                                    
the project. She said that  it was important that AIDEA have                                                                    
optionality, and  looked to the  legislature to pass  a bill                                                                    
that would  allow forward movement with  the Interior Energy                                                                    
Project.                                                                                                                        
                                                                                                                                
4:14:26 PM                                                                                                                    
                                                                                                                                
JIM  DODSON,  FAIRBANKS  ECONOMIC  DEVELOPMENT  CORPORATION,                                                                    
FAIRBANKS (via  teleconference), testified in support  of SB                                                                    
50 and HB 105. He reiterated  concern for the air quality in                                                                    
Fairbanks  and  the  need  for   affordable  energy  in  the                                                                    
Interior;  he  believed  that  the  project  would  help  to                                                                    
improve both  issues. He  believed that  bringing affordable                                                                    
energy  to  the  state  would  help  to  diversify  Alaska's                                                                    
economy.                                                                                                                        
                                                                                                                                
4:16:33 PM                                                                                                                    
                                                                                                                                
LUKE HOPKINS, MAYOR,  FAIRBANKS NORTHSTAR BOROUGH, FAIRBANKS                                                                    
(via  teleconference), testified  in support  of HB  105. He                                                                    
understood that SB 23 had  put forth the majority of funding                                                                    
for the  Interior Energy Project  in the form of  bonds that                                                                    
would be paid  back by the rate payers. He  hope that HB 105                                                                    
would move forward as amended.                                                                                                  
                                                                                                                                
4:19:02 PM                                                                                                                    
                                                                                                                                
ANDRE  LARUE, SELF,  JUNEAU (via  teleconference), testified                                                                    
in support  of SB 50  and HB  105. He expressed  distain for                                                                    
the legislature  "handcuffing" AIDEA in its  decision making                                                                    
process.  He believed  that any  and  all affordable  energy                                                                    
projects should be explored.                                                                                                    
                                                                                                                                
4:21:06 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
4:21:17 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair MacKinnon  CLOSED public  testimony for HB  105 and                                                                    
SB 50.                                                                                                                          
                                                                                                                                
4:21:52 PM                                                                                                                    
                                                                                                                                
Co-Chair Kelly  commented that  the extra  projects attached                                                                    
to the legislation  diluted the original focus  of the bill.                                                                    
He  said  that  the  repealers  in  the  bill  totaled  $332                                                                    
million.                                                                                                                        
                                                                                                                                
4:23:19 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
4:23:54 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair  MacKinnon  reiterated that  HB  105  would be  the                                                                    
vehicle for  the legislation  moving forward.  She clarified                                                                    
that the CS  for SB 50(RES) would be  inserted verbatim into                                                                    
HB 105. She  stated that amendments would  be accepted until                                                                    
noon the following day.                                                                                                         
                                                                                                                                
4:25:01 PM                                                                                                                    
                                                                                                                                
Senator Dunleavy asked for  clarification on the legislative                                                                    
vehicle.                                                                                                                        
                                                                                                                                
Co-Chair MacKinnon responded  that amendments should conform                                                                    
to what  already existed in  the bill version that  had come                                                                    
out of Senate Resources.                                                                                                        
                                                                                                                                
4:25:21 PM                                                                                                                    
                                                                                                                                
Co-Chair  Kelly asked  if  whether it  would  made sense  to                                                                    
amend HB 105 with SB 50.                                                                                                        
                                                                                                                                
                                                                                                                                
4:26:39 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
4:28:01 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair MacKinnon explained that the committee would bring                                                                     
an updated version of the bill before the committee the                                                                         
following day and consider amendments.                                                                                          
                                                                                                                                
ADJOURNMENT                                                                                                                   
4:28:27 PM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 4:28 p.m.                                                                                          

Document Name Date/Time Subjects
SB 50 Sectional Analysis.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Explanation of Changes Version A to Version W.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Explanation of Changes Version W to Version E.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Letter of Support - Cook Inlet Energy.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Letter of Support - Fbks Chamber of Commerce.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Letter of Support - Furie Alaska LLC.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Letter of Support - Merrick Pierce.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Resolution of Support - Fbks North Star Borough.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
SB50 Transmittal Letter.pdf SFIN 4/16/2015 1:30:00 PM
SB 50
HB105 Explanation of Changes Version A to Version H.PDF SFIN 4/16/2015 1:30:00 PM
HB 105
HB105 Explanation of Changes Version E to Version I.PDF SFIN 4/16/2015 1:30:00 PM
HB 105
HB105 Explanation of Changes Version H to Version E.PDF SFIN 4/16/2015 1:30:00 PM
HB 105
HB105 Letter of Support - Juneau Hydro Power.pdf SFIN 4/16/2015 1:30:00 PM
HB 105
HB105 Sectional Analysis.pdf SFIN 4/16/2015 1:30:00 PM
HB 105
HB105 Transmittal Letter.pdf SFIN 4/16/2015 1:30:00 PM
HB 105
HB 176 Legal Opinion re Geo Diff.pdf SFIN 4/16/2015 1:30:00 PM
HB 176
HB 176 Public Testimony Kaufman.docx SFIN 4/16/2015 1:30:00 PM
HB 176
HB 176 Public Testimony Weber.docx SFIN 4/16/2015 1:30:00 PM
HB 176
HB 176 Sponsor Statement (2).pdf SFIN 4/16/2015 1:30:00 PM
HB 176
HB 105 SB 50 SFIN AIDEA IEP.pdf SFIN 4/16/2015 1:30:00 PM
HB 105
SB 50