“when I look at slide 8, these are remarkably low numbers to me. I understand this is debt to equity, so you're talking about 30% of the cost of the project, as I understand it. And then 25% of the 30%.”
- Speaker
- Andy Josephson
- Timestamp
- 123:18 – 124:11
- Transcript
- House Finance, 5/21/26, 1:30pm
- Community
- Alaska News
- Captured at
From the transcript
Well, of course, the last sentence from Mr. Stickel is concerning, but I must say, Mr. Stickel, when I look at slide 8, these are remarkably low numbers to me. I understand this is debt to equity, so you're talking about 30% of the cost of the project, as I understand it. And then 25% of the 30%. I think it was Callan that testifies to this committee annually, talked about— when I asked where would we get these resources, they said, well, they recommended overdrawing the ERA. I know that's sacrilege to talk about, and it will be left for the next legislature But I'm just struck by how low these numbers are.
Related Coverage
Alaska gas line faces economic challenge even with tax breaks
Alaska LNG needs $8.48 to $9.07 per thousand cubic feet to break even, but global prices are $8 to $9. • Governor's tax plan cuts state revenue from $29.7 billion to $22.5 billion over the project's life. • Capital cost overruns and producer gas prices pose bigger risks than tax relief can fix. • State could invest $4.4 billion for a 25 percent equity stake.
House Resources gas line bill would cost municipalities $13B under governor's plan
Governor's plan cuts municipal revenue by $13 billion, House Resources version cuts only $2 billion • Governor replaces property tax with volumetric tax statewide, House Resources keeps property tax on facilities • Both versions reduce state revenue, project remains economically challenged at current market prices
