Governor's Video Gallery

Governor signs SB25

June 12, 2012

Governor Parnell signed Senate Bill 25, the Alaska Sustainable Strategy for Energy Transmission and Supply (ASSETS). SB 25 creates opportunity for new energy infrastructure in the state. Sponsored by Senator Lesil McGuire and Representative Lance Pruitt, the bill establishes a new fund in the Alaska Industrial Development and Export Authority (AIDEA) for financing energy development throughout Alaska. AIDEA can now make direct loans to borrowers for energy projects or participate in loans through banks or credit unions. AIDEA will also be able to insure project obligations by offering a loan or bond guarantee. Examples include improving energy efficiency in commercial buildings and renewable energy development.

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Governor's Video Gallery

Governor signs SB25

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