1:05
Calvin Schrage
224:04 - 225:10
"what it does do is it protects ratepayers from higher natural gas prices while not interfering with the viability of this project. And that is the goal, is to make sure that we are continuing to move towards a place where this project is economically viable and can has a real realistic chance of moving forward while ensuring that ratepayers are protected"
“what it does do is it protects ratepayers from higher natural gas prices while not interfering with the viability of this project. And that is the goal, is to make sure that we are continuing to move towards a place where this project is economically viable and can has a real realistic chance of moving forward while ensuring that ratepayers are protected”
- Speaker
- Calvin Schrage
- Timestamp
- 224:04 – 225:10
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 8, 2026
From the transcript
To the prior speaker's comments, I don't know that this amendment does help this project along, but what it does do is it protects ratepayers from higher natural gas prices while not interfering with the viability of this project. And that is the goal, is to make sure that we are continuing to move towards a place where this project is economically viable and can has a real realistic chance of moving forward while ensuring that ratepayers are protected. I know that there's been extensive deliberation in both bodies on what the price Alaskans would be paying for natural gas if this pipeline were built, and tremendous concern about a phase 1 only project coming to fruition. And this would allow us to ensure that Alaskans would not be paying more than that $16, which I think is competitive with other sources that we would be able to to take advantage of if we were not moving forward with a gas line project. In terms of interfering with contractual negotiations, we've heard from, uh, Enstar directly that they are, uh, in the process of moving forward and executing a contract at, uh, essentially this price.
Related Coverage
Alaska House panel caps natural gas at $16 per million BTU
Alaska House Finance Committee caps natural gas prices at $16 per million BTU for Alaskans through statutory amendment to House Bill 381, mirroring Enstar contract terms to protect ratepayers from cost overruns on Alaska LNG project.
by Walter AlaskaNews2h ago3 min readAIAlaska
