I am posting the House Majority Legislative Accomplishment Packet that was recently compiled by the House Majority Press. I hope this information is useful and will give you an understanding of what we were able to accomplish in the House this session and also last year’s session.
House Bill 280, the Cook Inlet Recover Act, is part of the solution to declining availability of Cook Inlet natural gas, and aims to to ensure that there is adequate suply to meet consumer demands in the future.
CIRA provides a regulatory framework for gas storage, protects proprietary storage and greater access to tax incentives – encouraging natural gas exploration – and gives the RCA guidance for approval of long-term gas supply contracts for public utilities.
The bill protects consumers by reducing the amount ultimately paid for gas that is stored for seasonal use.
I am thankful to my co-sponsor, House Finace Committee Co-Chair Mike Hawker, and to the governor for signing this bill into law. We’re acting now to avoid a crisis in Southcentral in the future by providing new avenues to industry.