Pete Eklund
53:36 - 54:30
"the tax abatement and the AVT do not apply to a natural gas project if by January 1st, 2028, a final investment decision has not been made on Phase 1 of a natural gas project, or number 2 there, on December 31st, right, or by December 31st, 2032, construction of a gas pipeline associated with Phase 1 of the natural gas project has not been completed. So you have to come into FID by January 1st, '28, and complete Phase 1 by December 31st, 2032."
“the tax abatement and the AVT do not apply to a natural gas project if by January 1st, 2028, a final investment decision has not been made on Phase 1 of a natural gas project, or number 2 there, on December 31st, right, or by December 31st, 2032, construction of a gas pipeline associated with Phase 1 of the natural gas project has not been completed. So you have to come into FID by January 1st, '28, and complete Phase 1 by December 31st, 2032.”
- Speaker
- Pete Eklund
- Timestamp
- 53:36 – 54:30
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 19, 2026
From the transcript
Mr. Ecklund? Yes, Mr. Chairman. So on page 27, there's the tax abatement under The tax abatement and the AVT do not apply to a natural gas project if by January 1st, 2028, a final investment decision has not been made on Phase 1 of a natural gas project, or number 2 there, on December 31st, right, or by December 31st, 2032, construction of a gas pipeline associated with Phase 1 of the natural gas project has not been completed. So you have to come into FID by January 1st, '28, and complete Phase 1 by December 31st, 2032. Understood.