
Dan Stickel
151:15 - 151:40
"in the cash flow summaries, there is a shift of revenue from the federal government and the upstream and midstream into the state government component of about $2.2 billion over life of project."
“in the cash flow summaries, there is a shift of revenue from the federal government and the upstream and midstream into the state government component of about $2.2 billion over life of project.”
Added, and again, we show no change in the break-even price between the two Senate versions because we are modeling on a pretax rate of return. But then in the cash flow summaries, there is a shift of revenue from the federal government and the upstream and midstream into the state government component of about $2.2 billion over life of project.
The Alaska Senate added a corporate income tax on oil and gas pass-through entities like Hilcorp to the AK LNG gas-pipeline bill (HB 381), effective 2028 regardless of the project.

State economist Dan Stickel told a legislative conference committee Friday that the Senate version of HB 381 reduces the Alaska LNG export break-even price from $9.05 to $8.62 per thousand cubic feet — still above current futures market prices near $8 — prompting Rep. Justin Ruffridge to say the project simply "doesn't work."
