0:39
John Sims
26:23 - 27:02
"NStar is not providing any equity for either of these projects. Back in 2024, we were contemplating making an investment in the LNG import terminal. And then on the floor in 2024, HB 307 Amendment 14, with the exception of one vote, the entire House voted to prohibit LNG facilities or infrastructure being recovered by utilities and rates."
“NStar is not providing any equity for either of these projects. Back in 2024, we were contemplating making an investment in the LNG import terminal. And then on the floor in 2024, HB 307 Amendment 14, with the exception of one vote, the entire House voted to prohibit LNG facilities or infrastructure being recovered by utilities and rates.”
- Speaker
- John Sims
- Timestamp
- 26:23 – 27:02
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 9, 2026
From the transcript
That's the third contract. NStar is not providing any equity for either of these projects. Back in 2024, we were contemplating making an investment in the LNG import terminal. And then on the floor in 2024, HB 307 Amendment 14, with the exception of one vote, the entire House voted to prohibit LNG facilities or infrastructure being recovered by utilities and rates. Now, that didn't eventually become law, but it definitely made our board step back and say, hold on, is this an investment that we want to make if we can't recover the cost from customers?
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