03/16/2010 03:00 PM House ENERGY

                   HB 411-POWER PROJECT FUND                                                                                
                                                                                                                                
3:16:06 PM                                                                                                                    
                                                                                                                                
CO-CHAIR EDGMON announced that the  first order of business would                                                               
be HOUSE  BILL NO.  411, "An  Act relating  to the  power project                                                               
fund;  authorizing  the Alaska  Energy  Authority  to charge  and                                                               
collect fees relating to the  power project fund; authorizing the                                                               
Alaska  Energy  Authority  to sell  and  authorizing  the  Alaska                                                               
Industrial Development and Export  Authority to purchase loans of                                                               
the power  project fund; providing  legislative approval  for the                                                               
sale and  purchase of loans of  the power project fund  under the                                                               
memorandum  of   understanding  dated  February  17,   2010;  and                                                               
providing for an effective date."                                                                                               
                                                                                                                                
CO-CHAIR EDGMON opened and closed public testimony.                                                                             
                                                                                                                                
3:16:25 PM                                                                                                                    
                                                                                                                                
SARA  FISHERGOAD, Deputy  Director-Operations, Alaska  Industrial                                                               
Development  &   Export  Authority  (AIDEA)  and   Alaska  Energy                                                               
Authority (AEA),  Department of  Commerce, Community,  & Economic                                                               
Development (DCCED), offered to answer questions.                                                                               
                                                                                                                                
3:16:51 PM                                                                                                                    
                                                                                                                                
CO-CHAIR  MILLETT moved  to report  HB 411,  26-GH2974\A, out  of                                                               
committee  with individual  recommendations and  the accompanying                                                               
fiscal notes.  There being no  objection, HB 411 was reported out                                                               
of the House Special Committee on Energy.                                                                                       
                                                                                                                                
3:17:51 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 3:17 p.m. to 3:20 p.m.                                                                       
                                                                                                                                
3:20:06 PM