
Lyman Hoffman
46:06 - 46:58
"I would say this is a very valuable dialogue because there are rumors abound in this building. Many questions are revolving around this, particularly in the Senate."
“I would say this is a very valuable dialogue because there are rumors abound in this building. Many questions are revolving around this, particularly in the Senate.”
I would say this is a very valuable dialogue because there are rumors abound in this building Many questions are revolving around this, particularly in the Senate. So I appreciate the committee taking the time to address these issues. Senator Steadman, do you have any further before I go to Senator Kaufman? Just one quick thing, and that's on the cost overrun issue, just so there's clarity. The impact of the— on the citizens of the state, as long as we maintain our 25% position in 8 Stars of Gold and we're not an equity investor in the pipeline or the liquefaction plant or the conditioning plant, there is no recourse.
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.
