
Mike Dunleavy
8:06 - 8:39
"This bill has got to be. We got to be able to construct a bill that doesn't tax investors just on property that sits there, which the current property tax would do, as opposed to when gas is flowing."
“This bill has got to be. We got to be able to construct a bill that doesn't tax investors just on property that sits there, which the current property tax would do, as opposed to when gas is flowing.”
This bill has got to be. We got to be able to construct a bill that doesn't tax investors just on property that sits there, which the current property tax would do, as opposed to when gas is flowing. So by making this, again, this property tax bill into a pill, turning this into a pill and making it more competitive, we have a real opportunity to make it financeable. And if we have that opportunity to make it financeable, which I think we will, with the changes to the pilt, we got a gas line. Why do I say that?
Governor Dunleavy says Alaska faces electricity costs of 35 to 45 cents per kilowatt hour within five to 10 years without legislative action on a tax bill to finance the North Slope gas pipeline. He warns that rates above 10 cents per thousand cubic feet will make the $40 billion Alaska LNG Project unfinanceable.
