Governor signs energy relief bill

Posted: Tuesday, August 26, 2008

JUNEAU - Most Alaskans will soon be $1,200 richer.

Gov. Sarah Palin on Monday signed an energy relief bill designed to help residents offset soaring energy costs.

Most of state residents will receive a one-time payout as early as Sept. 12 when the state's annual Alaska Permanent Fund dividend is distributed.

The Legislature passed an energy relief bill Aug. 7 in a special session.

The new law also suspends for one year the state's motor fuel tax on gasoline, marine fuel and aviation fuel.

It also strengthens the state's Power Cost Equalization program, which subsidizes electric costs for residents served by rural utilities.

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