
Matt Kissinger
43:33 - 43:49
"The next highest that they had identified being Cove Point, Maryland, that had about $50 million a year. I think LNG Canada has around $27 million per year, and if you just go by statute, this project could be well over $800 million a year."
“The next highest that they had identified being Cove Point, Maryland, that had about $50 million a year. I think LNG Canada has around $27 million per year, and if you just go by statute, this project could be well over $800 million a year.”
The next highest that they had identified being Cove Point, Maryland, that had about $50 million a year. I think LNG Canada has around $27 million per year, and if you just go by statute, this project could be well over $800 million a year.
Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.
