The latest rewrite of a bill cutting taxes on oil companies is expected to bring down state revenue by more than $1 billion next year.
Energy & Mining
Senate Finance Committee produces new version of oil tax bill
Under the Senate finance committee’s substitute, companies would pay lower taxes on oil from the North Slope than they do on shale from the Eagle Ford formation in Texas, the Haynesville formation in Louisiana, or the Bakken formation in North Dakota.
Lawmakers meet with lobbyists in DC
While the legislature debates whether to cut taxes on oil companies, state lawmakers were in Washington, D.C last week– meeting with oil and gas lobbyists.
Alaska Railroad cutting over 50 jobs
Safety costs and weak coal market blamed for $45 million hit.
Sheffield stumps for instate gasline
Former Alaska Governor Bill Sheffield says it’s time for Alaska to build its own gas pipeline. Sheffield has been stumping the state on his own dime to promote the Alaska Stand Alone Pipeline – or ASAP. The acronym is appropriate, he says, because Alaska is on the threshold of an energy crisis and needs the…
The debate about oil taxes hits US Senate
While oil and gas companies are inching towards a new tax break in Juneau, they’re fighting to maintain their preferential tax treatment in Washington, D.C.
Kulluk Arrives In Unalaska
Shell’s damaged Kulluk drill rig has arrived in Unalaska, a week after leaving Kodiak.
Low lake levels blamed for increasing COPA
Electricity rates in Juneau will go up in April, due to low water levels in the mountain lakes supplying Juneau’s hydropower. Electric utilities in Alaska are allowed to adjust their rates with the costs of producing electricity. Alaska Electric Light and Power calculates the Cost of Power Adjustment quarterly. It will increase to 1.2 cents…
After Keystone Review, Environmentalists Vow To Continue Fight
If environmentalists can block the Keystone XL pipeline, they can keep Canada from developing more of its dirty tar sands oil.
Alaska Legislature celebrates Centennial
It was exactly a hundred years ago when Alaska first began to exercise a form of self-government.