
Matt Kissinger
18:41 - 19:22
"pursuing the loan guarantees with the federal government, getting lower gas prices and addressing the property tax imbalance"
“pursuing the loan guarantees with the federal government, getting lower gas prices and addressing the property tax imbalance”
And so we needed to optimize it further and we identified several optimizations, but 3 of them really stood out. And that was pursuing the loan guarantees with the federal government, getting lower gas prices and addressing the property tax imbalance. With respect to the loan guarantees, there were loan guarantees provided to the pipeline concept to the lower 48. These were provided in 2004 by the federal government and they're inflation adjusted, but they could only be used for pipeline to North America until the bipartisan infrastructure law came around. That's when our congressional delegation helped amend that law and allow these to be used for this project.
Enstar Natural Gas faces losing its primary gas supply in 2033 when its contract with Hilcorp expires, leaving Southcentral Alaska utilities with no Cook Inlet producer capable of matching the scale of investment that has kept the basin producing for the past decade.
