0:40
Bert Stedman
93:47 - 94:27
“if nothing else for us to, you know, nice to have a hearing on it, but to take a look at it, I think it's critical that we know if we give a concession with our left hand, it's not taken away with some mechanism on the right hand. And how much of a concession is needed to get it to the economic hurdle? And maybe it's zero tax, for all I know. But I think we need to see that on Phase 1, because that's what they're trying to get the FID on, is my understanding.”
- Speaker
- Bert Stedman
- Timestamp
- 93:47 – 94:27
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Senator Steadman. Yes, so just, if nothing else for us to, you know, nice to have a hearing on it, but to take a look at it, I think it's critical that we know if we give a concession with our left hand, it's not taken away with some mechanism on the right hand. And how much of a concession is needed to get it to the economic hurdle? And maybe it's zero tax, for all I know. But I think we need to see that on Phase 1, because that's what they're trying to get the FID on, is my understanding.
Related Coverage
Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote
Senator Stedman blocked a vote on a $750 million annual tax break for Alaska LNG's Phase 1 pipeline until the Department of Revenue shows whether the project actually needs the 2-mill property tax cut to work financially.
