Gov. Sarah Palin is proposing an energy cost relief plan to give Alaskans $100-a-month debit cards and pour state dollars into electric utilities so they'll slash their bills to ratepayers.
Palin's ambitious program, unprecedented in any other state, would last a year and cost $1.2 billion. The money would come out of the huge budget surplus the state government is enjoying because of the same high oil prices afflicting consumers at the pump.
Palin wants the Legislature to approve the plan this summer so it can start in September. She said the utility grants would mean a 60 percent reduction for all ratepayers.
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