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Governor’s Interior Energy Bill Receives House Approval

April 11, 2013, Juneau, Alaska – Governor Sean Parnell today welcomed House passage of his legislation to provide cheaper energy to the Interior and Alaska’s road and river communities. The bill is part of a comprehensive financial package relating to his Interior Energy Plan - a strategy that includes low interest loans, gas storage tax credits, and general fund dollars for a moveable liquefaction plant and distribution system.

“For too long, Interior and rural Alaskans have been suffering from skyrocketing energy costs,” Governor Parnell said. “I am pleased the Legislature worked quickly to address this issue and provide the necessary framework to reduce energy costs for Alaskans.”

Building an Interior gas distribution system will benefit Alaskans now and give communities access to an Alaska gasline when built.

Senate Bill 23 gives the Alaska Industrial Development and Export Authority (AIDEA) the ability to provide up to $275 million in financing for a natural gas liquefaction plant and a liquefied natural gas (LNG) distribution system within the Fairbanks North Star Borough. A North Slope LNG plant has the potential to deliver gas via truck to Fairbanks and beyond.

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