Palin spells relief for Alaskans.
While most of the country is swooning under record high energy bills, Alaskans may get a big break.
Gov. Sarah Palin just unveiled a short-term relief plan for all residents worth some $1.2 billion that includes:
• A 60 percent reduction in electric rates.
• An Energy Debit Card for every qualifying Permanent Fund Dividend applicant (essentially every single person in Alaska) worth $100 per month for purchases for heating oil, natural gas, electricity, gasoline, etc.
• Conservation incentives for utilities that for every 1 percent reduction in 2008 kilowatt-hour sales over 2007 sales, the state will make a year-end contribution for capital energy projects to the utility.
The plan has been proposed for one year.