Adam Prestidge
19:14 - 19:53
"this is a mechanism that is only exercisable at the state's option. In terms of Glenfarm's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option."
“this is a mechanism that is only exercisable at the state's option. In terms of Glenfarm's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option.”
- Speaker
- Adam Prestidge
- Timestamp
- 19:14 – 19:53
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 26, 2026
From the transcript
That's something that AGDC proposed to us in our negotiations. It's something that AGDC, in their capacity as representatives of the state, pushed for and advocated for, and it's something that we, Glenfarm, saw as a fair protection to the state, and we agreed to have it implemented as part of our contract. Again, this is a mechanism that is only exercisable at the state's option. In terms of Glenfarm's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option.
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