
Will Stapp
47:51 - 48:21
"I think it probably would have been helpful to give some sort of structure. What we have before us is a volumetric structure. I think it's totally fine because it helps de-risk the project to capital cost overruns. But I still don't see— I mean, it probably would have been helpful, I think, for members of the committee, for you guys, even though I know you were out doing other things, because I remember those discussions very well, to perhaps at least bring a little bit of a framework to us."
“I think it probably would have been helpful to give some sort of structure. What we have before us is a volumetric structure. I think it's totally fine because it helps de-risk the project to capital cost overruns. But I still don't see— I mean, it probably would have been helpful, I think, for members of the committee, for you guys, even though I know you were out doing other things, because I remember those discussions very well, to perhaps at least bring a little bit of a framework to us.”
I think it probably would have been helpful to give some sort of structure. What we have before us is a volumetric structure. I think it's totally fine because it helps de-risk the project to capital cost overruns. But I still don't see— I mean, it probably would have been helpful, I think, for members of the committee, for you guys, even though I know you were out doing other things, because I remember those discussions very well, to perhaps at least bring a little bit of a framework to us. Because I feel like we are in a position now where we are going to go with the volumetric structure because that is what the developer wants.
Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.
