0:33
Bert Stedman
32:14 - 32:47
"So just say it is 1%. That is an extremely costly financial maneuver to whoever in the state has to pay for it. And the majority of it, if we're stuck with the in-state gas line, we don't get to Phase 2. Is gonna be the people in the corridor of the rail belt. And you're looking at significant amount of funds, like $110 million a year in debt service."
“So just say it is 1%. That is an extremely costly financial maneuver to whoever in the state has to pay for it. And the majority of it, if we're stuck with the in-state gas line, we don't get to Phase 2. Is gonna be the people in the corridor of the rail belt. And you're looking at significant amount of funds, like $110 million a year in debt service.”
- Speaker
- Bert Stedman
- Timestamp
- 32:14 – 32:47
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 9, 2026
From the transcript
So just say it is 1%. That is an extremely costly financial maneuver to whoever in the state has to pay for it. And the majority of it, if we're stuck with the in-state gas line, we don't get to Phase 2. Is gonna be the people in the corridor of the rail belt. And you're looking at significant amount of funds, like $110 million a year in debt service.
Related Coverage
ENSTAR Caps the Price. Stedman Eyes the Debt.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
by Walter AlaskaNews3h ago3 min readAIAlaska
