0:43
Frank Richards
4:00 - 4:43
"it was important from AGDC's perspective to allow the opportunity for the state with a callback position, but it didn't obligate the state to pay it. It would be something that we, if it was exercised, we would come back to the legislature to ask if they wanted to go forward with the opportunity to pay this. Or we have the opportunity then to be able to look to the open market to bring in another developer to be able to take on that expense and take on those responsibilities that Glenfarm is now doing."
“it was important from AGDC's perspective to allow the opportunity for the state with a callback position, but it didn't obligate the state to pay it. It would be something that we, if it was exercised, we would come back to the legislature to ask if they wanted to go forward with the opportunity to pay this. Or we have the opportunity then to be able to look to the open market to bring in another developer to be able to take on that expense and take on those responsibilities that Glenfarm is now doing.”
- Speaker
- Frank Richards
- Timestamp
- 4:00 – 4:43
- Community
- Alaska News
- Location
- Alaska
From the transcript
And that is the very important characterization of how this has been set up. Chair Chiraghi, again, Frank Richards for the record. One thing that I would add to my colleagues is that it was important from AGDC's perspective to allow the opportunity for the state with a callback position, but it didn't obligate the state to pay it. It would be something that we, if it was exercised, we would come back to the legislature to ask if they wanted to go forward with the opportunity to pay this. Or we have the opportunity then to be able to look to the open market to bring in another developer to be able to take on that expense and take on those responsibilities that Glenfarm is now doing.
Related Coverage
Alaska's gas-pipeline bill now carries a tax on Hilcorp and others
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.
by Walter AlaskaNews2h ago3 min readAIAlaska
