JUNEAU — The Senate Finance Committee released a new oil tax plan Thursday, one day after members expressed shock at how much the prior bill would cost the state.

The latest version of SB21 indicates the state would lose $775 million to $875 million next fiscal year, based upon the Department of Revenue’s fall forecast of oil taxes and production. The forecast predicted a continued net decline in North Slope oil — the state’s economic lifeline — through 2022, and prices ranging between $109 and $118 a barrel through 2019.

JUNEAU — A key Senate panel on Tuesday proposed a rewrite of the governor’s oil tax overhaul that a consultant said would make Alaska more competitive for investment dollars but critics see as giving too much to oil companies.

JUNEAU — The Alaska Legislature will be back in full swing this week, after a break last week that allowed some legislators to attend an energy conference in Washington, D.C., or spend a few days back home.

With the session nearly two-thirds over, the dominant issue remains oil taxes, but legislative leaders are looking to make progress on other bills that have been deemed priorities, such as a proposal to truck liquefied natural gas from the North Slope to Fairbanks or a measure to advance an in-state gas pipeline, a priority of House Speaker Mike Chenault.

JUNEAU — A project to archive records related to the Exxon Valdez oil spill is continuing after the state sought to address concerns raised by a federal judge.

U.S. District Judge H. Russel Holland, in a written notice to attorneys last month, said he had become aware of the project and expressed concern it could inadvertently affect an ongoing dispute in the case.