
Dan Stickel
106:44 - 107:05
"We are assuming a 10% pretax rate of return for the developer, that that's what's being targeted. I underline pretax there because when we add the pass-through entity tax on top of it, that changes the dynamics for the developer."
“We are assuming a 10% pretax rate of return for the developer, that that's what's being targeted. I underline pretax there because when we add the pass-through entity tax on top of it, that changes the dynamics for the developer.”
So we are assuming a 10% pretax rate of return for the developer, that that's what's being targeted. I underline pretax there because when we add the pass-through entity tax on top of it, that changes the dynamics for the developer.
The Alaska Senate added a corporate income tax on oil and gas pass-through entities like Hilcorp to the AK LNG gas-pipeline bill (HB 381), effective 2028 regardless of the project.

State economist Dan Stickel told a legislative conference committee Friday that the Senate version of HB 381 reduces the Alaska LNG export break-even price from $9.05 to $8.62 per thousand cubic feet — still above current futures market prices near $8 — prompting Rep. Justin Ruffridge to say the project simply "doesn't work."
