HB 271·AK·house
An Act relating to the royalty rate for the Kitchen Lights Unit; and providing for an effective date.
In CommitteeFiled Jan 23, 2026
Sponsor: Zack Fields (D)
Latest Action
(H) REFERRED TO RULES
May 8, 2026
Summary
The bill lowers the royalty rate to 3% of the gross value of gas produced from specific Kitchen Lights Unit leases, starting Jan. 1, 2026. It applies to seven listed lease numbers in the Cook Inlet area and aims to keep production economically viable and maintain affordable energy for Southcentral Alaska. The change takes effect immediately and is retroactive to the start date.
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