Session: State Capitol, Room 421 Juneau, AK 99801-1182 Phone: (907) 465-2693 Toll Free: (800) 463-2693 Fax: (907) 465-3835 Interim: 35477 Suite 101-B Spur Highway Soldotna, AK 99669 Phone: (907) 260-5236 Fax: (907) 260-5238

Sponsor Statement for CS for HB 175 (2d FIN)
Appropriation - Power Projects

"An Act making an appropriation to the Alaska Energy Authority to secure repayment of bonds for power and intertie projects."

This bill will allow the railbelt energy fund dollars to be appropriated to the Alaska Energy Authority for investment to secure repayment of bonds issued by the authority.

There will be $20,300,000 allocated to upgrade and extend the Anchorage-Fairbanks intertie to the Teeland Station.

The following grants will be named:

Once the bonds have been repaid, Alaska Industrial Development and Export Authority (AIDEA) will develop a prioritized list of energy projects that can be funded from the revenue stream from the funds appropriated. This should be a continuing process.

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Attachments:

• Bill History for HB 175
  
• Print Friendly Version
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