Bert Stedman

Alaska's trade school in Seward can't turn out graduates fast enough

“There was $2.3 million added to AVTEC equipment modernization facilities, upgrades in Seward AVTEC.”

Alaska LNG tax bill advances to floor on split conference committee votes

“There's been a lot of marketing around the state that this is the, you know, the hinge that's going to open the door and we're going to get a project. That's complete marketing nonsense. It does not get this project economic. There's more hurdles that have to be crossed.”

Conference draft keeps oil-and-gas pass-through tax, delays it to 2029

Alaska's diesel-to-renewables fund reopens, but the money reaches few

“We dealt with renewable energy, the Renewable Energy Fund. We added— or they added $9.3 million. That gets to the top 9 projects on the Renewable Energy Fund list.”

Alaska LNG tax bill advances as working draft, disputes unresolved

“if you take the tax rate to zero, it still doesn't get this project over the line financially. So there's more work to be done by the developer to get this project economic.”

Gas-line developer warns Alaska's Senate terms could drive it off

“on this amendment, the rate would be the highest in the country for states that don't have income tax. I think the other one is maybe 7% range or something like that, and this is a little over 9%.”

Alaska's gas-pipeline bill now carries a tax on Hilcorp and others

“with their interest cost and their depreciation, there's gonna be no net income, taxable net income for 2 decades. Literally, 2 decades. So I don't know how that, I guess, will wind up into a tax conversation later on the next couple of days, but you don't pay taxes unless you have a net income.”

State economist: even with tax breaks, the gas line barely works

“The price that they can sell the gas for doesn't change.”

A leaked plan to fire Alaska's gas-line developer surfaces in Juneau

A pass-through tax, not the pipeline, is the real fight in Juneau

Alaska Senate digs in on gas tax bill, sends it to conference

Dunleavy called a second special session over the unresolved LNG tax bill

Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates

Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote

“The issue at the table is the gas line. And what would be nice if we could see an analysis on the gas line itself and also the marginal impact of the change in property tax from the 20 mills to, you know, the— to the 2 mills, which is basically what's on the table. And the delta dealing with financing, if it's 80% leverage, 70% leverage, different interest costs, looking at the cash flows just like we do when we get into the oil stuff.”

ENSTAR Caps the Price. Stedman Eyes the Debt.

All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line

Department of Revenue presents Senate Finance with Alaska LNG breakeven modeling across cost and tax scenarios

Department of Revenue presents Senate Finance with 25-scenario sensitivity analysis on Alaska LNG fiscal impact

State wins option to buy 25% of Alaska LNG after investors commit

Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math

Consultant warns Senate Finance that Alaska LNG faces megaproject risks

Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break

“we're being told here at the table it may cost 45 billion or it may cost 90 billion. It's not an acceptable answer, just not an acceptable answer”

Kawerak offers CDL scholarships for Bering Strait Tribal members

“spreading it out around the state, trying to give as many of the young Alaskans opportunity as absolutely possible”

Senate Finance Committee: how do you analyze a $46.2 billion pipeline without the numbers?

“we concluded after that meeting that the Department of Revenue and Natural Resources on the state level needs to put together an integrated financial model.”

Alaska LNG faces tax competition from Canadian projects with federal support

Alaska LNG could cost $70 billion; state's 25% stake faces dilution

“this committee has spent year after year after year dealing with construction projects all across the state and we have massive inflation and cost escalations over the last decade to the point where we've had to put in tens of millions of dollars backfill for OMB— excuse me, not OMB, but our contractors to facilitate the completion of their contracts”

Alaska Senate opens special session on natural gas tax overhaul

“So when we put a package together, we hopefully don't have to suffer from gaposis and find out we missed something of significant— of significance, and that could be very expensive to the state where we can't back up and fix it.”

Dunleavy vetoes transit plan, calls special session on gas pipeline tax

“Senate Finance is scheduled to start on Wednesday morning at 9:00 a.m. That's Wednesday morning at 9:00 a.m. The staff is already working with the resource staff in preparing documents and some of the reviews that the Resource Committee has worked on.”

Alaska Senate passes $13.9B operating budget with $200 energy relief

Alaska Senate adds telehealth parity and disability coverage to benefits bill

Alaska Senate passes bill letting pharmacists treat minor illnesses without a doctor's call

Alaska Senate Passes Education Bill With 4% Property Tax Cap

“Some of our communities stay flat for decades.”

Alaska Senate panel hears gas line bill with $900M annual tax break

Alaska Legislature fails to override veto of pension bill

“This year's payment, like I mentioned, is over a couple hundred million. We have about $6 billion to go, some say $7, depending on, pick your year, time of year you want to measure it. We've paid about $7, we got about $7 to go.”

Alaska Senate advances university regents reform bill with 2027 start date

Senate panel cuts oil production tax rate from 35% to 17%

House Finance advances fire station grant program after rejecting rural aid amendments

Alaska budget fight leaves $40M in senior, disability care hanging

Alaska Senate adopts final operating, mental health and capital budgets

Senate Finance exempts emergency management from contract payment rules

“I move that the Finance Committee adopt the committee substitute for House Bill 133, version U, before the committee committee as our working document.”

Alaska Legislature Forms Conference Committee on $14B Operating Budget

House rejects Senate's $1,000 PFD budget, sets up conference talks

Senate panel advances bill adding faculty member to university board

Senate Finance advances early intervention services expansion

Alaska Senate Passes Operating Budget With Energy Relief

“what we're doing here, Mr. President, is we are backfilling these funds to help the victims because of the shrinking dividend.”

Legislature advances $347M fire station grant program

Senate Passes Budget Balanced at $73 Oil, Rejects House's $320M Deficit Plan

Senate Finance forwards Anchorage attorney to State Assessment Review Board

Alaska bill would require human operators in autonomous freight trucks

Senate panel proposes doubling Dalton Highway surcharge in gas line bill