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AK HB25
Bill
Status
1/18/2011
Primary Sponsor
Leslie Gara
Click for details
AI Summary
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Prohibits Alaska refiners from selling or offering to sell motor fuel, space heating fuel, or diesel fuel at prices that are exorbitant or excessive.
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Defines excessive or exorbitant pricing as unreasonably high given the refiner's reasonable costs for refining, transporting, and transaction expenses.
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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.
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Allows refiners to rebut the presumption by proving additional reasonable costs specific to Alaska operations or costs caused by natural disasters.
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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