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0:24

Bert Stedman

47:50 - 48:15

“we need to look at that. Mr. Chairman, and then get into more discussion on the dilution issue, the equity dilution issue, which the state would be facing as a residual owner right now at 25% with no equity participation coming into the project yet from, from a third party.”
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Alaska News
Captured at
May 27, 2026

From the transcript

So I think at some point when we get into this over the next several days, we need to look at that. Mr. Chairman, and then get into more discussion on the dilution issue, the equity dilution issue, which the state would be facing as a residual owner right now at 25% with no equity participation coming into the project yet from, from a third party.

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

Alaska’s LNG project may have just gotten a $24 billion “whoops.” The state has been planning around a $46 billion price tag, but lawmakers were told the real number may be closer to $70 billion — which is less of a budget update and more of a financial jump scare.

Cover image for article: Alaska LNG could cost $70 billion; state's 25% stake faces dilution