Matthew Kissinger
15:46 - 16:22
“they fill out the whole book of how much equity needs to be raised, and then they have to wait. They have to wait up to six months while we make a decision of whether we're going to back in and push them out of 25% of their investment, which is a real disadvantage to those investors. They have to tie up that capital with a slight bit of uncertainty.”
- Speaker
- Matthew Kissinger
- Timestamp
- 15:46 – 16:22
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Think the global infrastructure funds, retirement funds, pension funds, et cetera, they come to the table, they fill out the whole book of how much equity needs to be raised, and then they have to wait. They have to wait up to six months while we make a decision of whether we're going to back in and push them out of 25% of their investment, which is a real disadvantage to those investors. They have to tie up that capital with a slight bit of uncertainty. And this is why the six months, because people have asked us why not longer than six months? This is really one of those reasons.
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.
