
John Sims
35:17 - 35:56
"those are all fantastic points that you raise and concerns for anyone that's investing or developing the project. From my perspective, and one of the reasons why we've taken the better part of a year to negotiate this contract, my job is to ensure that my kids and my kids' kids have low cost of energy. And so when I evaluate and negotiate this contract, it doesn't matter to me what the project cost is. It only matters what the price I can receive through this contract as it relates to the alternatives for receiving natural gas in the community."
“those are all fantastic points that you raise and concerns for anyone that's investing or developing the project. From my perspective, and one of the reasons why we've taken the better part of a year to negotiate this contract, my job is to ensure that my kids and my kids' kids have low cost of energy. And so when I evaluate and negotiate this contract, it doesn't matter to me what the project cost is. It only matters what the price I can receive through this contract as it relates to the alternatives for receiving natural gas in the community.”
Senator Steadman, through the chair, so those are all fantastic points that you raise and concerns for anyone that's investing or developing the project. From my perspective, and one of the reasons why we've taken the better part of a year to negotiate this contract, my job is to ensure that my kids and my kids' kids have low cost of energy. And so when I evaluate and negotiate this contract, it doesn't matter to me what the project cost is. It only matters what the price I can receive through this contract as it relates to the alternatives for receiving natural gas in the community. And so that, that's what I balance.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
