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 insertions 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 corporation's role in ensuring that natural gas, including propane and other hydrocarbons, is made available to Fairbanks, the Southcentral region, and other communities at the lowest possible rates.

Additionally, the bill outlines the corporation's responsibilities to provide economic benefits and revenue to the state while assisting relevant departments to maximize the value of the state's natural gas resources. The corporation is also tasked with developing infrastructure for an Alaska liquefied natural gas project and ensuring that natural gas is delivered to public utility and industrial customers at commercially reasonable rates. The act is set to take effect immediately upon passage.

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