The bill amends AS 31.25.005 to enhance the responsibilities of the Alaska Gasline Development Corporation in developing an in-state natural gas pipeline. Key provisions include the requirement for the corporation to advance an in-state natural gas pipeline that must include a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough. The bill emphasizes the importance of providing economic benefits and maximizing the value of the state's natural gas resources while ensuring that natural gas, propane, and other hydrocarbons are delivered to various communities at the lowest possible rates.

Additionally, the bill outlines the corporation's role in developing infrastructure for an Alaska liquefied natural gas project and providing related services without charging excessive fees. The corporation is also tasked with developing transportation mechanisms to deliver natural gas to public utility and industrial customers at commercially reasonable rates. The act is set to take effect immediately upon passage.

Statutes affected:
HB0119A, AM HB 119, introduced 02/26/2025: 31.25.005