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What's New

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)

Energy Action Coalition
ANWR Working Group
Friday, January 24th
Noon-1pm
Alaska Communications Business Technology Center
600 E 36th Avenue
(Next to the Pita Pit)
Join us for a work session to discuss the latest developments regarding lease sales in ANWR.
You may be interested in reviewing CWN’s 1989 report, “An Alaskan View of ANWR“. It includes a board resolution and that supported oil and gas development in the 1002 Area. We realize some of the data in the document may be dated, but the report still represents a valuable perspective from the committee’s 24 month study.
Energy Action Coalition
Willow Solar Farm Project
with
Jenn Miller, CEO
Chris Colbert, CFO
Renewable IPP, LLC
Friday, January 17th
Noon-1pm
Alaska USA Federal Credit Union
500 W 36th Avenue
room 201
Join us for a briefing on the Willow Solar Farm Project. The facility is a 1.2 Megawatt facility consisting of 3,240 solar panels and is the largest solar project in Alaska.

Fiscal Policy Study Group

with

Senator Natasha von Imhof

Representative Jennifer Johnston

Alaska Housing Finance Corporation

4300 Boniface Pkwy

Last Friday ISER Director Ralph Townsend gave a thought-provoking presentation on the policy options and implications for use of Permanent Fund earnings. Of particular interest is the impact that inflation-proofing the fund may have on Fund earnings available in future years. This Friday Rep. Jennifer Johnston, House Finance Committee co-chair, and Sen. Natasha von Imhoff, Senate Finance Co-Chair will join the group to continue this discussion and to share the Legislature’s perspective and considerations on this important policy option.

(Google map)

Date:
January, 15th, 2020
Time:
noon-1pm
Location:
Petroleum Club of Anchorage 3301 C St.
Join CWN for lunch with Governor Mike Dunleavy
 
Wednesday, January 15th
Noon-1pm
 
The Petroleum Club of Anchorage
3301 C Street
 
(doors open at 11:45am)

This program has sold out.

Watch video of the event.

 Join us for lunch and a conversation with Governor Mike Dunleavy. As the 2020 legislative session approaches, this will be an opportunity for him to reflect on his proposed budget and the upcoming session.

 

Advance registration required, contact CWN office at (907) 258-9522 to pay by phone.

Energy Action Coalition

Reducing the Cost of Energy in Alaska

with Curtis Thayer, Executive Director

Alaska Energy Authority

Alaska USA Federal Credit Union

500 W. 36th Ave, Room 201

Noon – 1 p.m.

His PowerPoint presentation can be downloaded here.

(Google Map)

Fiscal Policy Study Group

Inflation-proofing, the POMV draw, and the Earnings Reserve:
Understanding the Interconnections

with Professor Ralph Townsend, Director of ISER

BP Energy Center
8am-9am

Building opens at 7:45am

The PowerPoint presentation can be downloaded here.

In 2018, the Legislature passed SB 26 which established a “percent of market value” (POMV) which defines and limits how much will be transferred each year from the Permanent Fund’s Earnings Reserve to the state for the operating budget (including the amount for the Permanent Fund Dividend.) The amount in the Earnings Reserve will fluctuate, so it must be effectively managed in order to reduce the risk that the POMV could not be paid in some future year.

The Alaska Permanent Fund Corporation commissioned analyses to model the probability that the Earnings Reserve would not have sufficient funds to pay the POMV formula in the future. One analysis concluded that the Earnings Reserve should have $12 billion as a minimum to minimize the risk of not being able to pay the POMV.

Ralph’s presentation will explore how inflation proofing the Permanent Fund interacts with the goal of managing the Fund’s Earnings Reserve in order to maintain a sustainable annual draw.


Click for map

Fiscal Policy Study Group

Office of Management and Budget

Wednesday, December 18th
12:00am-1pm

Alaska USA Federal Credit Union
500 W 36th Avenue
room 201

(Google Map)

Join us Wednesday at noon for a briefing from the State’s Office of Management and Budget on the Governor’s new FY21 budget proposal.

 

Link to the Governor’s Budget Proposal website.

Fiscal Policy Study Group
Kelly Tshibaka, Commissioner of Administration

Friday, December 6th
11:30am-1pm

Alaska USA Federal Credit Union
500 W 36th Avenue
room 201

(Google Map)

Draft report for discussion

We will have two topics of discussion this Friday. From 11:30am to noon, we will discuss a draft CWN summary regarding the State’s current moratorium on new projects participating in Alaska’s State Debt Reimbursement Program and school construction funding. We anticipate it being a topic of discussion at next week’s luncheon with legislators.

Then, at noon, we will host Kelly Tshibaka, Commissioner of the Department of Administration. The department oversees much of the internal operations of state government—from accounting to risk management to IT—plus programs that serve Alaskans, such as the Public Defender Agency and Division of Motor Vehicles. She is leading the department’s work to ensure that services are effective and delivered with efficiency; pursuing innovations and cost savings; and achieving results.

A focus on program effectiveness and delivery of results has been a priority in past CWN Study Group reports on the state budget. The Commissioner will brief the study group on the department’s work on these and other accountability measures.



Commonwealth North
PO Box 240668, Anchorage AK 99524
Tel: (907) 276-1414   Fax: (907) 276-6350
info@commonwealth.org