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 corporation's obligation to ensure that the pipeline delivers natural gas, including propane and other hydrocarbons, to Fairbanks, the Southcentral region, and other communities at the lowest possible rates. Notably, the bill mandates that the pipeline must include a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough.

Additionally, the bill emphasizes the corporation's role in maximizing economic benefits and revenue for the state through the development of natural gas pipelines and related infrastructure. It also outlines the corporation's commitment to assist state departments in maximizing the value of the state's natural gas resources. The act is set to take effect immediately upon passage.

Statutes affected:
SB0114A, AM SB 114, introduced 02/28/2025: 31.25.005