Updated April 11, 2020:
The Alaska House Majority, Alaska House Republicans, Alaska Senate Democrats and Alaska Senate Majority attached the Coronavirus funding, “The Sweep” and our “PFD’s” to the Final Vote for HB205 to tap the CBR Draw.
Why is this important to know?
To put is as simply as I can. They put the Future of “Every Alaskan” into a vote they knew if they had not played “Politics” with “Alaskans Lives” to get the Votes. HB205 never would have passed.
Now the Caucus wants you to never truly understand they have enough money to pay the entire budget and never touch a penny of the PFD, if they were to use all the Rainy Day/Slush Funds they they have hidden away in all of the accounts that “The Sweep”, captures each year.
Stop believing the lies they are telling us all. Click through and read what is on all the links on the posts. It will give you the complete story why our Legislators use Blackmail, Extortion, Coercion, Threats, Binding Caucuses on the Final Vote in Juneau, using Our Alaskan Lives as their pawns to get the votes they want, year, after year, after year……
Updated October 25, 2020: Those Running for Office right now are using the “Sweep”/”Reverse Sweep” as a scare tactic to Vote only for Democrats. They Say Republicans want to Eliminate the Power Cost Equalization part of the Sweep.
Let’s give you all a reality check here….
There is over a Billion in that Account. We add money to it every year. Over a Billion sits in that Account. They say it lowers the Costs of Fuel in Rural Communities. In reality it lines the pockets of the ones selling you the gas with Hundreds of Millions above the costs to deliver to these Communities Lets put a few numbers behind what I just said.
Bethel, lets say ships in 2,000,000 Gallons a year. They pay the going Rate for a Distributor for that Gas and it costs them $1.50 a Gallon. So to purchase those 2 Million Gallons it now costs them $3 Million Dollars. Now in addition it costs $3 Million to deliver that Fuel to Bethel. This brings the Total Cost from start to finish to $6 Million a year to get it to Bethel.
After they shipped it to Bethel claiming the PCE (Power Cost Equalization) lowered the Price from $8 per Gallon, to $6 per Gallon. So the PCE Pays them $1.50 a Gallon to keep the Prices Down. Total Savings they claim is $3 Million a Year. (This Money comes out of the PCE Account directly paying the Distributor in Bethel)
They now sell the gas for $6 a Gallon. Making $12 Million from those 2 Million Gallons selling it at $6 a Gallon. (Reminder… It Costs them $6 Million to get it there.) They get an Additional $3 Million from the PCE.
Let’s do the math….
+$3 Million to buy 2 Million Gallons from the distributer
+$3 Million to Ship to Bethel –
-$3 Million From PCE Refunding them for shipping costs
Bring the total costs to ship it to Bethel to $3 Million
They now Sell the Gas for $6 a Gallon….
This comes to:
$12 Million in Gross Sales a year
-$3 Million a year total costs
Take Home is a Whopping “$9,000,000” a year!
Yes your read that Correctly… $9 Million a year in Profit.
This Same gas sold in a town without PCE:
$1.5 a Gallon x 2 Million Gallons= $3 Million total cost for that gas.
The sell that same gas for $3 a Gallon.
$6 Million in total Gross Sales $3 Million to Buy
Take Home is a Whopping $3 Million a Year! C
an you see why this needs to come to an end yet?
Updated November 18, 2020:
Foot Note to what is said just above. This is not exactly how it works for Power Cost Equalization. But it does give you an Idea of the concept behind what they are doing. There is no reason they should need a Billion Dollars in the Account. Everybody that I have talked to says this is just a Rainy Day/Slush Fund Account that they use to make us look like there is never any money to spend. This is similar to what the School Districts have tucked away in our State. If I was to wager a guess there is a Billion in their Rainy Day/Slush Fund Accounts that they never talk about actually having.
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Updated March 26, 2021:
Below is what I have been sharing for two years that completely breaks down what “The Sweep & The Reverse Sweep” really is and how it is use to Blackmail & Coerce Legislators to Vote for the CBR draw in the Budget.
Here is a link to a meeting they just had in the House last week in the Juneau. In it they breakdown what “The Sweep & The Reverse Sweep” is all about. Now inside many of the Accounts they are Sweeping have Hundreds of Millions of unspent Revenue that will never get Spent. Many of Alaskans would call these accounts “Slush Funds/Rainy Day Accounts”. All told, if they were to clean up all the excess they have there. They could add a few Billion Dollars back into the CBR that would get them closer to paying back what they have stolen from it and completely cover their shortfall for this years budget without having to touch one penny of our PFD’s.
They could stop what “Triggers the Sweep” from happening in the first place. All it will take is for the to pay back what they have spent out of their Version of our PFD’s ERA & Corpus. Put the money they have stolen back into the CBR and this political Football of theirs wouldn’t be even on the table to Blackmail Legislators with year after year.
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