0:36
Frank Richards
11:06 - 11:43
“the equity participation is an option, but it will be on the same terms as other equity investors. So no premium, no disadvantage being provided to AGDC for coming in under these preemptive rights.”
- Speaker
- Frank Richards
- Timestamp
- 11:06 – 11:43
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
And any of that 25% not taken by appropriation through the legislature will then also be offered to individual Alaskans, Alaskan companies, et cetera. And we're working on a program that does that as well. Mr. Chairman, Frank Richards, for the record, I would say that again, what's important is that the equity participation is an option, but it will be on the same terms as other equity investors. So no premium, no disadvantage being provided to AGDC for coming in under these preemptive rights.
Related Coverage
State wins option to buy 25% of Alaska LNG after investors commit
Alaska secured the right to buy up to 25% of the Alaska LNG project after private investors commit, with six months to decide whether to invest between $230 million and $1.16 billion.
