
James Kaufman
40:33 - 41:25
"there's concern if the project doesn't happen, there's concern if the project does happen that will somehow be open to cost overruns of the project and we won't be able to contain the cost to the consumer. And I know you don't necessarily have much to do with the total project cost overrun piece of it, But you're right in the middle of trying to assure that you have a reliable supply of gas delivered at the best possible cost."
“there's concern if the project doesn't happen, there's concern if the project does happen that will somehow be open to cost overruns of the project and we won't be able to contain the cost to the consumer. And I know you don't necessarily have much to do with the total project cost overrun piece of it, But you're right in the middle of trying to assure that you have a reliable supply of gas delivered at the best possible cost.”
So there's concern if the project doesn't happen, there's concern if the project does happen that will somehow be open to cost overruns of the project and we won't be able to contain the cost to the consumer. And I know you don't necessarily have much to do with the total project cost overrun piece of it, But you're right in the middle of trying to assure that you have a reliable supply of gas delivered at the best possible cost. I don't know if it's going to come a little bit later, but I think it's one of the things that the people are most concerned about. They're afraid we're somehow going to give away the farm through tax relief to get a project going and we're still going to get expensive gas. There's just a lot of worry that we're not, we're not going to get you know, what the Alaska people deserve out of these conversations and agreements that are happening.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
