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AK HB25

Bill

Status

Introduced

1/18/2011

Primary Sponsor

Leslie Gara

Click for details

Origin

House of Representatives

27th Legislature

AI Summary

  • Prohibits Alaska refiners from selling or offering to sell motor fuel, space heating fuel, or diesel fuel at prices that are exorbitant or excessive.

  • Defines excessive or exorbitant pricing as unreasonably high given the refiner's reasonable costs for refining, transporting, and transaction expenses.

  • Establishes a prima facie presumption that a price is excessive if it exceeds by more than 10 percent the average wholesale price of comparable energy resources charged by refiners in Idaho, Oregon, and Washington.

  • Allows refiners to rebut the presumption by proving additional reasonable costs specific to Alaska operations or costs caused by natural disasters.

  • Authorizes the attorney general to recover civil penalties of not less than the greater of 10 times the economic benefit obtained through the violation or $50,000,000.

Legislative Description

Price Gouging Involving Energy Resources

Motor Vehicles

Last Action

COSPONSOR(S): MILLER

1/27/2012

Committee Referrals

Labor & Commerce1/18/2011

Full Bill Text

No bill text available