
Bert Stedman
57:27 - 58:07
"I think if they meet the previous date of final investment decision by January 1st of '28 and start construction, I think there'd be probably be some flexibility by the legislature in the event that there was some unforeseen black swan events or something that messed up the construction, slowed it down intentionally, or whatever to, you know, we can change these and modify these going forward. This is not in the Constitution."
“I think if they meet the previous date of final investment decision by January 1st of '28 and start construction, I think there'd be probably be some flexibility by the legislature in the event that there was some unforeseen black swan events or something that messed up the construction, slowed it down intentionally, or whatever to, you know, we can change these and modify these going forward. This is not in the Constitution.”
So there's a lot of interest in putting that in. Also, I'd like to add, I think if they meet the previous date of final investment decision by January 1st of '28 and start construction, I think there'd be probably be some flexibility by the legislature in the event that there was some unforeseen black swan events or something that messed up the construction, slowed it down intentionally, or whatever to, you know, we can change these and modify these going forward. This is not in the Constitution. So I would think there would be some consideration under good faith. Mr.
The Alaska Senate Finance Committee voted 7-0 Friday to advance a rewritten tax bill for the Alaska LNG project, replacing a capital-expenditure formula with fixed per-unit rates and adding termination conditions for the tax abatement that would lapse if developers miss hard deadlines.
