
Peter Micciche
13:07 - 13:37
"42.7% Of the value of this project will be located in the Kenai Peninsula Borough. 900 Acres, 3 liquefaction trains, 2 240,000 cubic meter storage tanks, terminal facilities, 2 berths in Cook Inlet, moving up to 2.5 BCF a day, which means a ship or 2 will always be present. This project will nearly double the population in Akiski for 4 years during construction."
“42.7% Of the value of this project will be located in the Kenai Peninsula Borough. 900 Acres, 3 liquefaction trains, 2 240,000 cubic meter storage tanks, terminal facilities, 2 berths in Cook Inlet, moving up to 2.5 BCF a day, which means a ship or 2 will always be present. This project will nearly double the population in Akiski for 4 years during construction.”
We will adjust to changes. But I do want to talk about the changes. 42.7% Of the value of this project will be located in the Kenai Peninsula Borough. 900 Acres, 3 liquefaction trains, 2 240,000 cubic meter storage tanks, terminal facilities, 2 berths in Cook Inlet, moving up to 2.5 BCF a day, which means a ship or 2 will always be present. This project will nearly double the population in Akiski for 4 years during construction.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
