
0:17
Jesse Kiehl
36:48 - 37:05
“The 5% minimum buy in, is that going to match all other potential equity investors? Is there any chance that anybody else gets in at 2%?”
- Speaker
- Jesse Kiehl
- Timestamp
- 36:48 – 37:05
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Further questions on this slide. Senator Keel and Senator steadman. Thank you Mr. Chairman. The 5% minimum buy in, is that going to match all other potential equity investors? Is there any chance that anybody else gets in at 2%?
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Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math
Glenfarne raised Alaska LNG cost estimate to 44.5 to 54.5 billion dollars, up from state agency's 38.7 billion. • Legislature can buy 5 to 25 percent equity stake within 180 days after final investment decision. • Property tax reform is central to project financing, with current rates costing roughly 380 million dollars yearly during construction.
