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Governor’s Major Energy Bill Passes Legislature

April 20, 2011, Juneau, Alaska – Governor Sean Parnell today welcomed the news that legislation necessary for the proposed Susitna Hydroelectric Power Project has passed the Legislature. Senate Bill 42, introduced by Governor Parnell, authorizes the Alaska Energy Authority (AEA) to move forward on pursuing this important hydroelectric project.

“I appreciate the Legislature acting on one of my top priorities. Our administration has proposed a comprehensive energy strategy for Alaska’s future and the Susitna project is a key component,” Governor Parnell said. “Last year I pledged with the Legislature that Alaska would reach a goal of achieving 50 percent of its energy from renewable and alternative energy sources by 2025. This project will generate stable, affordable energy for the Railbelt and for thousands of Alaskans in the Interior, while creating hundreds of jobs for Alaskans.”

As part of a comprehensive energy package, Governor Parnell has also proposed $25 million for weatherization programs to help Alaskans make their homes more energy efficient; $25 million for the Renewable Energy Fund targeted to projects in areas with the highest energy costs in the state; $10 million for the Southeast Energy Fund to assist with energy projects in the region; $34 million for the Power Cost Equalization Program; and more than $15 million for rural power system upgrades and bulk fuel storage to bring down the cost of diesel power generation.

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