1:06
Andrew Gray
145:24 - 146:30
"This bill caps it at $16 per MCF with inflation adjustment. That is reassuring to me, but I do want to say, just so that folks, my constituents, understand that the price, uh, from Cook Inlet Gas right now is $11 for MCF. So Whatever we do, whether we're importing and it's coming out of the gas line, at least in the beginning, people are going to be paying more"
“This bill caps it at $16 per MCF with inflation adjustment. That is reassuring to me, but I do want to say, just so that folks, my constituents, understand that the price, uh, from Cook Inlet Gas right now is $11 for MCF. So Whatever we do, whether we're importing and it's coming out of the gas line, at least in the beginning, people are going to be paying more”
- Speaker
- Andrew Gray
- Timestamp
- 145:24 – 146:30
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 12, 2026
From the transcript
Later in the newsletter, she says that if Glenfarn only builds the gas pipelines, pipelines, so no treatment plants, no LNG export import plant, the cost of the gas would be about $17, which would be about the same as imported gas, $17 per MCF. This bill caps it at $16 per MCF with inflation adjustment. That is reassuring to me, but I do want to say, just so that folks, my constituents, understand that the price, uh, from Cook Inlet Gas right now is $11 for MCF. So Whatever we do, whether we're importing and it's coming out of the gas line, at least in the beginning, people are going to be paying more, and I think it's important that we're honest about that. Another thing that I really like about the bill before us is that it protects, uh, the ratepayer from cost overruns, and it's been spoken about, but I just want to reiterate it again, that if for some reason this project is much more expensive than, uh, the developers expect it to be, The regulatory commission may not approve contracts requiring utility customers to assume those costs.