1:06
Adam Prestidge
143:16 - 144:23
"the 2 mills 2 mils is a concept that was first introduced by Wood Mackenzie and other— and Gas Strategies and other consultants to AGDC quite some time ago, and it was an assumption that went into our ability to commit to a $16 price cap. And so I don't see that there was a commitment to $16 at any time before we had an assumption that was based on 2 mils."
“the 2 mills 2 mils is a concept that was first introduced by Wood Mackenzie and other— and Gas Strategies and other consultants to AGDC quite some time ago, and it was an assumption that went into our ability to commit to a $16 price cap. And so I don't see that there was a commitment to $16 at any time before we had an assumption that was based on 2 mils.”
- Speaker
- Adam Prestidge
- Timestamp
- 143:16 – 144:23
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 15, 2026
From the transcript
Senator Steadman, through the Chair, just for my perspective, the 2 mills 2 mils is a concept that was first introduced by Wood Mackenzie and other— and Gas Strategies and other consultants to AGDC quite some time ago, and it was an assumption that went into our ability to commit to a $16 price cap. And so I don't see that there was a commitment to $16 at any time before we had an assumption that was based on 2 mils. I think is this— As has been discussed in this committee, the alternative volumetric tax as a means of property tax has not been used for pipeline property tax, to my knowledge, in North America. It's been used on some other projects internationally, and I'd be happy to follow up with some more information about that. What I will say is that calculating economics and payments Based on throughput of a pipeline is an extremely standard way to calculate the economics around a pipeline.
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