0:24
John Sims
39:17 - 39:42
"Every word matters in this contract. And we are seeking every opportunity, whether it's upfront or along the 30-year term, to find ways to reduce the cost of energy to our customers."
“Every word matters in this contract. And we are seeking every opportunity, whether it's upfront or along the 30-year term, to find ways to reduce the cost of energy to our customers.”
- Speaker
- John Sims
- Timestamp
- 39:17 – 39:42
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 9, 2026
From the transcript
And our royalty contracts on the North Slope are out of the '60s, early '70s. And they've been very, very expensive because of no reopeners. Senator Stammen, through the Chair. Every word matters in this contract. And we are seeking every opportunity, whether it's upfront or along the 30-year term, to find ways to reduce the cost of energy to our customers.
Related Coverage
ENSTAR Caps the Price. Stedman Eyes the Debt.
Enstar is negotiating a 30-year gas supply agreement with Glenfarne that would cap prices at $16 per thousand cubic feet with annual inflation adjustments. The contract protects ratepayers from project cost overruns and allows a switch from LNG imports to pipeline gas if the export project is built.
by Walter AlaskaNews3h ago3 min readAIAlaska
