
Mike Dunleavy
12:06 - 12:52
"without a gas line and importing gas, the legislature is going to have to work on an urban power cost equalization program in the tune of 2 to 5 billion dollars to build renewables and batteries and wind and solar and to import gas."
“without a gas line and importing gas, the legislature is going to have to work on an urban power cost equalization program in the tune of 2 to 5 billion dollars to build renewables and batteries and wind and solar and to import gas.”
As a matter of fact, by some calculations, without a gas line and importing gas, the legislature is going to have to work on an urban power cost equalization program in the tune of 2 to 5 billion dollars to build renewables and batteries and wind and solar and to import gas. That's not a recipe for a growing state. That's not a recipe for a growing economy. That's a disaster. So we have this one moment in time that if we can get the legislature to come together for the people of Alaska, for the state of Alaska, you could have a gas line that creates thousands of jobs, that creates royalty and severance tax for the treasury.
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.
