Anchorage 21.0 °F
Fairbanks 12.0 °F
Juneau 42.0 °F
Public Hearing On Alaskan Energy Costs Held
Since Gas Pricing Deemed Legal, Alternatives Sought.
If the high price of gas has you wondering why such a huge oil producing state continues to pay so much at the pump, you are not alone. A handful of Alaskan legislators heard testimony on that very subject in Anchorage today.
Senators hearing today from members of the Regulatory Commission, the Attorney Generals office and frustrated Alaskan residents. With two refiners in Alaska there is no actual monopoly but competition is not as fierce as it is in the lower forty eight.
Rural and interior families and businesses are paying out nearly 600 million for energy each year and this group is seeking ways to reduce energy costs.
Possible solutions so far include giving tax incentives for gas production.Building storage facilities that energy companies from the lower 48 could utilize was also talked about and regulating gas as we do electricity and natural gas.
Since the Attorney general said Alaskan refiners are within their rights to charge what ever they want, alternative solutions will continue to be sought out by legislators.
Last April Senator Bill Wielechowski requested $150,000 from the senate finance committee to study this subject. A request the Wielechowski defends. The Anchorage Democrat says the move will pay big dividends if Alaskan law makers have the will to take action.
The next public hearing is slated for the fall in Fairbanks.