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What's New

Date:
Wednesday, April 1st
Time:
noon-1pm
Location:
Online

How Permanent is Permanent?

Wednesday, April 1st

Noon-1pm

Online via Zoom or by phone

Watch the video online

Join Commonwealth North online for a spirited debate about the future of the Permanent Fund. Ralph Townsend, Director of UAA’s Institute for Social and Economic Research, and Craig Richards, Chair of the Permanent Fund Board of Trustees, will debate the best way to manage the Permanent Fund to ensure its sustainability for future Alaskans.

You will get to vote for the most convincing argument to determine the winner.

We will be hosting the event with the online videoconference program Zoom so you can join us by video from computer, tablet, or smartphone. You also have the option to dial in by phone.

The event is limited to 100 so registration is required. It’s free for CWN members, $5 for non members. 

Date:
Friday, March 27th
Time:
8am-9am
Location:
Online

Fiscal Policy Study Group

State Revenue Forecast

Pat Pitney

Director, Legislative Finance Division

Online via Zoom or by phone

Friday, March 27th

8am-9am

Download the PowerPoint presentation here.

On Friday, we will host Legislative Finance Director Pat Pitney to give us an update on the State’s revenue forecast in light of the rapidly changing global economic situation. The meeting will be hosted online via the teleconferencing program Zoom.

The event is free of charge but limited to 100 people. Registration is required. You will receive your password by email after you register.

How to Zoom You can join us from any computer, smart phone, or tablet by clicking the link below. If you plan to connect by tablet or smartphone, I recommend visiting Zoom.com prior to Friday’s program to download the app. You can watch this tutorial for more information. Please log in at 7:55am.  

Join Zoom on Friday Click this link to join
Meeting ID: 635 399 898

To dial by phone for audio only
1 (669) 900-6833, then 635399898#
Meeting ID: 635 399 898 #

Fiscal Policy Study Group

Legislative Update with Tim Bradner

Online via Zoom or by phone

Friday, March 20th

8am-9am

Due to the impacts of Covid-19 on our lives and our economy, it is more important than ever for Alaskans to be well informed and to communicate with one another about public policy issues. Commonwealth North will be continuing our mission to educate Alaskans about the critical issues facing our state and identifying effective solutions. In the near term however, we will be migrating many of our meetings to Zoom, a popular online video-conference service. On Friday, we will host Alaska journalist Tim Bradner to give us the latest news from the legislative session and the policy issues now being debated in Juneau.

How to Zoom You can join us from any computer, smart phone, or tablet by clicking the link below. If you plan to connect by tablet or smartphone, I recommend visiting Zoom.com prior to Friday’s program to download the app. You can watch this tutorial for more information.

Join Zoom on Friday at 8am
https://zoom.us/j/894285477
Meeting ID: 894 285 477

To dial by phone for audio only
1 (669) 900-6833
Meeting ID: 894 285 477 #

CWN Presents

Election Reform: Does Alaska Need It?

This program has been postponed

Wednesday, March 4th

12:00pm-1:00pm

The Petroleum Club of Anchorage

3301 C Street

Unfortunately, we are postponing Wednesday’s forum due to the changing travel plans of our keynote speaker.

Mark your calendar for our forum on April 1st when Professor Ralph Townsend, director of UAA’s Institute of Social and Economic Research, and Craig Richards, chair of the Alaska Permanent Fund Board, will have a coin-toss debate about the future of the Permanent Fund.

We look forward to seeing you at future Commonwealth North events.

Increasing Power Generation for the Railbelt

Bob Day
Manager of Bradley Lake Hydro
Homer Electric Association

Friday, February 21st

noon-1pm

Alaska Communications Business Technology Center
600 E 36th Avenue
(next to Pita Pit restaurant)
Google map

Download Bob's PowerPoint Presentation.

Bob will discuss the Bradley Lake hydroelectric power generation station and the Battle Creek Diversion and their contribution to Railbelt energy strategies. He will also discuss the SQ Line which was damaged this summer during the wildfires.

The Bradley Creek Diversion Project will divert runoff into Bradley Lake. The project will enable the facility, which currently produces some of the lowest cost power between Homer and Fairbanks, to increase its annual output by about 10% (enough to serve almost 5,500 homes) for the next 80 years. The project is currently underway and is planned to be commissioned by summer of 2020.

State Retirement System Funding

Mike Barnhill

Deputy Commissioner of Revenue

Alaska Housing Finance Corporation

Friday, February 21st

8am-9am

Deputy Commissioner Mike Barnhill will dial in from Juneau to discuss the funding status of the State’s retirement systems, what guidelines the State uses to determine funding sufficiency, and what the administration recommends to ensure pension obligations are within best practice parameters.

Download his PowerPoint here.

Energy Action Coalition

Creating the Railbelt Reliability Council

Julie Estey
Director of External Affairs
Matanuska Electric Association

Friday, February 28th

BP Energy Center

1014 Energy Ct.
(Google map)

The PowerPoint can be downloaded here.

Julie Estey, director of external affairs for Matanuska Electric Association, will give us a briefing on the establishment of the Railbelt Reliability Council, the legislation being considered, and the potential impact on the delivery and cost of electricity to Alaskans.

Last year, six railbelt utilities signed a Memorandum of Understanding to create a Railbelt Reliability Council to enforce common reliability standards, coordinate joint planning, and explore ways to reduce costs. This agreement follows a 2015 letter from the Regulatory Commission of Alaska to the Legislature recommending a number of reforms to the Railbelt electrical system. This year, the Legislature is considering SB 123 and HB 151 which contain statutory changes related to the creation of a Railbelt Reliability Council and oversight authority by the RCA.

Date:
February 12th, 2020
Time:
Noon-1pm
Location:
Petroleum Club of Anchorage 3301 C St.

The Permanent Fund’s

Alaska Investment Program

 

February 12th

12:00pm-1:00pm

The Petroleum Club of Anchorage

3301 C Street

This program has sold out.

Video is available here.

Last year, the Alaska Permanent Fund Corporation announced the creation of a $200 million fund to expand infrastructure and create economic opportunities in Alaska. Barings LLC manages half of the fund with a focus on infrastructure and private credit. McKinley Capital Management LLC manages the other half with a focus on private equity.
On February 12th, Commonwealth North welcomes Allen Ruiz, Director of Alternative Investments at Barings, and John Wanamaker, Director of Private Investments at McKinley Capital Management, to describe their firms’ approaches to standing up these funds and seeking qualified in-state investments.
A subsidiary of MassMutual, Barings, LLC is a global investment firm dedicated to meeting the evolving needs of clients and customers. Headquartered in Charlotte, North Carolina, Barings LLC and its subsidiaries have $325 billion under management and maintain a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
McKinley Capital Management, LLC was founded in 1990 and today is the largest private financial services company in Alaska. McKinley currently manages approximately $5 billion worldwide for corporate and public pension funds, sovereign wealth funds, and other institutional investors.
Table sponsorships available.
Contact the CWN office at (907) 258-9522 for details.

Please register in advance, contact CWN office at (907) 258-9522 to pay by phone.

January 29, 2020

February 5th Energy Action Coalition


Topics: Events
Energy Action Coalition
 
Climate Leadership Council’s Carbon Dividend Plan
 
with
Ryan Costello, Managing Director of Americans for Carbon Dividends
Catrina Rorke, Vice President of Research for the Climate Leadership Council
 
 
Wednesday, February 5th
Noon-1pm
 
Alaska USA Federal Credit Union
500 W 36th Avenue
room 201
The Climate Leadership Council is an international policy institute based in Washington, D.C. and was founded to promote a carbon dividends plan to incentivize significant reductions in carbon emissions.
They propose an economy-wide fee on CO2 emissions starting at $40 a ton and increasing every year at 5% above inflation. They believe the plan could cut U.S. CO2 emissions in half by 2035. All net proceeds from this fee would be paid as a dividend to Americans on a quarterly basis to help cover increased energy costs.
The Climate Leadership Council’s climate dividend has been featured by international press and is supported by prominent national policy leaders and major corporations. The purpose of this meeting is to understand the plan and its potential impact on Alaska. We are meeting next Wednesday to accommodate our guest speakers’ schedule as they visit Alaska to discuss their plan.
Fiscal Policy Study Group
Strategies for Inflation-Proofing the Permanent Fund
Craig Richards
Chair of the Alaska Permanent Fund Corporation Board of Trustees
Friday, January 31st
8am-9am
BP Energy Center
900 E. Benson Blvd.
(Map)
Building opens at 7:45am
Craig will discuss the Permanent Fund’s efforts to optimize the fund to provide a sustainable POMV payment structure and continue our discussion on strategies for inflation-proofing the fund.

 

 

(Google Map)