0:43
Calvin Schrage
18:44 - 19:27
"foreign ownership reporting is improved. A significant change in ownership structure is defined as any change of 5% or more of the pipeline or 10% or more of other project components."
“foreign ownership reporting is improved. A significant change in ownership structure is defined as any change of 5% or more of the pipeline or 10% or more of other project components.”
- Speaker
- Calvin Schrage
- Timestamp
- 18:44 – 19:27
- Community
- Alaska News
- Location
- Alaska
From the transcript
In terms of notice requirements, those are strengthened. Copies of filings or notices to CFIUS, the U.S. Treasury, FERC, and the Department of Energy must be provided to the legislature, with AGDC being allowed to redact financially or commercially sensitive content. This bill excludes financing from notice requirements but includes risk mitigation actions, procurement status, FID status, major project phase decisions, and any decommissioning planning. For those concerned about foreign ownership and changes in ownership, foreign ownership reporting is improved. A significant change in ownership structure is defined as any change of 5% or more of the pipeline or 10% or more of other project components.