Frank Richards
101:29 - 102:14
"Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate."
“Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate.”
- Speaker
- Frank Richards
- Timestamp
- 101:29 – 102:14
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 4, 2026
From the transcript
When we started looking at the phase one of the project, we were using 2024 dollars of approximately $11.7 billion for the pipeline, actually $10.8 billion for pipeline phase one. So this was the 42 inch pipeline from Prudhoe Bay south to essentially south central Alaska where it would tie into the MSTAR system. Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate. So what that meant was they'd advanced the engineering through feed for that level of pipeline, but they'd also gone on and gotten price quotes.
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