
Mike Dunleavy
32:23 - 33:07
"I interpret that letter as they're following this project and they encourage us to do whatever we can to make it financeable. So we get a gas line."
“I interpret that letter as they're following this project and they encourage us to do whatever we can to make it financeable. So we get a gas line.”
Yeah, that's not how I interpret that letter. I interpret that letter as they're following this project and they encourage us to do whatever we can to make it financeable. So we get a gas line. Federal government has a vested interest in the success of Alaska, obviously, because a healthy Alaska, successful Alaska, a great economy, means less burden on the federal government for transfers, receipt transfers, but it also means that our bases get gas. And so basically I interpret that letter as the same thing the president of the United States has been doing and that is keeping an eye on the project, encouraging us to get it across the finish line with regard to this pilt and working on it so that this thing is built for Alaskans and is a great thing for Alaska in the United States.
Governor Dunleavy says Alaska faces electricity costs of 35 to 45 cents per kilowatt hour within five to 10 years without legislative action on a tax bill to finance the North Slope gas pipeline. He warns that rates above 10 cents per thousand cubic feet will make the $40 billion Alaska LNG Project unfinanceable.
