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 includes a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough. The corporation is tasked with ensuring that natural gas, propane, and other hydrocarbons are made available to Fairbanks, the Southcentral region, and other communities at the lowest possible rates. Additionally, the bill emphasizes the importance of providing economic benefits and revenue to the state while assisting relevant departments to maximize the value of the state's natural gas resources.

The bill also outlines the corporation's role in developing infrastructure for an Alaska liquefied natural gas project and providing related services without charging excessive fees. It encourages the development of natural gas pipelines and transportation mechanisms that offer commercially reasonable rates for both public utility and industrial customers, as well as for shippers producing natural gas and associated hydrocarbons. The act is set to take effect immediately upon passage.

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