Dunleavy began his administration with a campaign to get rid of the $1 billion Power Cost Equalization endowment and force the program to compete with all others for state funds each year, which would make it unlikely to survive. He wants AFN and everyone in rural Alaska to forget about what he said and did in 2019.
Read MoreWhile we have various lawmakers saying they plan to ask the trustees of the Permanent Fund to answer questions about the firing of Angela Rodell, they need to realize that this is not enough: The Legislature needs to begin monitoring the APFC and other state corporations as part of the checks and balances required by state law.
Read MoreLegislators left in the dark on this matter should take it as a reminder that they are not performing oversight of the Permanent Fund. It’s about time they started.
Read MoreIf a policy disagreement over this crucial question is part of the reason that Angela Rodell was fired, Dunleavy and the trustees have just weakened the foundation of the Permanent Fund.
Read MoreThe Alaska Permanent Fund Board of Trustees owe Alaskans an explanation for why they fired Angela Rodell as CEO of the corporation Thursday with no public discussion.
Read MoreThe Alaska Permanent Fund Corporation claims it must keep $200 million worth of in-state investments secret, though the money belongs to the public, because of a line inserted into state law 41 years ago. It’s a dubious claim.
Read MoreNorthLink chose to announce the investment, but not the dollar amount, most likely so it can claim that the project is endorsed by the state and the Alaska Permanent Fund Corporation. The Alaska Permanent Fund Corporation claims that it does not have to reveal the names of any businesses that receive state money. Secrecy increases the risk of political favoritism.
Read MoreWhat’s missing from the documents created by McKinley Capital Management and Barings are the names and amounts of specific Alaska businesses that have received public money, an amount that will soon reach $200 million.
Read MoreAt least $124 million of the “initial allocation” of $200 million in public funds has been invested in Alaska, but the Permanent Fund Corporation won’t say which Alaska businesses and projects have been on the receiving end.
Read MoreThe Permanent Fund management and trustees get away with this because the Legislature is not paying attention. And Alaska’s major news organizations are not paying attention.
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