
Adam Prestidge
94:24 - 94:38
"The 2060 is a timeline that sets out a few years for construction period followed by 30 years of operations and 30 years of debt service payments."
“The 2060 is a timeline that sets out a few years for construction period followed by 30 years of operations and 30 years of debt service payments.”
The 2060 is a timeline that sets out a few years for construction period followed by 30 years of operations and 30 years of debt service payments. This is Matt Kissinger for the record.
Glenfarne's Adam Prestidge told the Alaska Senate Finance Committee on Tuesday that the 2060 sunset in HB 381 is non-negotiable because lenders underwriting 30-year project debt will assume the worst-case tax scenario for the full loan term if any shorter abatement is written into law.

Glenfarne president Adam Prestidge told the Alaska State Senate Finance Committee on Tuesday that the company bears all development costs and has no right to reimbursement from the state if the Alaska LNG project collapses before reaching a final investment decision.
