Energy Package Signed by Governor
August 26, 2008
Alaska Governor Sarah Palin signed legislation Monday to help
Alaskans combat the high cost of energy. The Governor signed
House Bill 4001 and Senate Bill 4002 into law at the home of
an Anchorage resident who took advantage of the Alaska Housing
Finance Corporation's Weatherization and Home Energy Rebate Program.
Governor Sarah Palin
signs HB 4001 and SB 4002 into law. The bills make up the Energy
Package recently passed by the legislature, which award qualified
Alaskans $1,200 from state surplus to help with rising energy
costs, and also appropriate $60 million to AHFC for energy efficient
Photo courtesy Office of the Governor
SB 4002 uses revenues generated from the state's natural resources
to provide a one-time special payment of $1,200 to every Alaskan
eligible for the 2008 Permanent Fund dividend. The bill also
raises by 50 percent the maximum amount of loans that bulk fuel
bridge and bulk fuel revolving loan funds can make to communities
and cooperatives. It also suspends the state's motor fuel tax
on gasoline, marine fuel, and aviation fuel for a year and strengthens
the Power Cost Equalization Program. HB 4001 is the appropriation
"Alaskans who signed up for direct deposit will see these
funds on September 12, along with their dividend," said
Governor Palin. "In rural Alaska, particularly, many people
are facing a choice between feeding their families and heating
their homes, and they could use this payment from the state's
energy-generated surplus to cover some of those bills."
Carol Geczy's home has been weather-stripped, insulation was
added to the attic and crawl space, drafts were sealed and smoke
and carbon monoxide detectors were installed. Approximately
$5,000 was spent on the home with an expected energy savings
of 20 to 30 percent. The improvements were made in part by AHFC's
"The Governor's resource rebate, along with AHFC's Weatherization
and Home Energy Rebate programs, are putting hundreds of millions
of dollars into the hands of Alaskans to help combat high energy
costs," said Dan Fauske, AHFC's chief executive officer.
"Investing money in making your home more energy efficient
is just about the best bang for your buck you can get."
Governor Palin also signed a proclamation declaring September
as "Energy Efficiency Month" in Alaska. The proclamation
encourages Alaskans to lower their costs by conserving energy
and by using existing energy more efficiently at work, home and
on the road.
"Conserving energy and using it more efficiently doesn't
necessarily mean you have to sacrifice your quality of life,"
said Governor Palin. "It's the little things, like making
sure lights, computers and appliances are turned off and
slowing down on the road, which will save money spent on gasoline."
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