Legislature looks to draw funds from Power Cost Equalization fund

The state House and Senate are trying to work out their differences over a bill that would draw money from the Power Cost Equalization Endowment Fund.
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Senator Lyman Hoffman. Hoffman drafted the bill that would limit the ways that money from the PCE is drawn from.(Photo by Skip Gray/Gavel Alaska)The $900 million fund subsidizes the high cost of electricity in rural areas. Because the state government has a $4 billion deficit, some lawmakers have suggested drawing money from th