34-LS1225\H34-LS1225\G CS FOR HOUSE BILL NO.
271(RES)271 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-FOURTH LEGISLATURE -SECOND- SECOND SESSION BY THEREPRESENTATIVE HOUSEFIELDS RESOURCESIntroduced: COMMITTEE Referred:
Finance1/23/26 Sponsor(s):Referred:
REPRESENTATIVEResources, FIELDSFinance A BILL FOR AN ACT ENTITLED "An Act relating to the royalty rate for the Kitchen Lights Unit;
(3) gas production in Cook Inlet is necessary to ensure reliable and affordable energy supply for Southcentral utilities and ratepayers, to protect jobs, and to reduceavoid reliance on imported fuels;
and (4) granting royalty modification for certain Kitchen Lights Unit leases is in HB0271a -1- CSHBHB 271(RES)271 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1225\H34-LS1225\G the best interests of the state because a royalty modification is projected to extend gas production from the leases for use by state residents and to maximize economic benefits to the state, when compared with no modification.
CSHBHB 271(RES)271 -2- HB0271a New Text Underlined [DELETED TEXT BRACKETED]