Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
John Sims
“The predominant activity is from Hilcorp, which is one of the reasons why NStar is so concerned about them kind of slowing down production and moving their investments other— other places is because there's no one else in Cook Inlet that has the balance sheet to be drilling 192 wells over a 10-year period.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
John Sims
“Well, they didn't do 185 wells, they did 192 wells, and they've spent over $1.5 billion over that time frame, again, to make sure that Cook Inlet customers, both on the natural gas side, on the electric side, had energy.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Matt Kissinger
“we were sort of 10 times order of magnitude higher than any of these other jurisdictions”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
John Sims
“Looking over a much shorter time frame from 2010 to 2026, you can see that that's dropped from about 350 million cubic feet a day down to right around 200 million a day. Again, how this relates to NSTAR in the wintertime when we need it the most, NSTAR's annual— or excuse me, daily peak is right around 320 for gas that we have to make sure that we have available to our customers.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Matt Kissinger
“even with relief, we'll still be sort of 5 times higher than LNG Canada in our property taxes”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Matt Kissinger
“pursuing the loan guarantees with the federal government, getting lower gas prices and addressing the property tax imbalance”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Brett Watson
“estimates from NSTAR suggest that in addition to the purchasing the commodity on the spot market, we'd need to pay an additional dollar or so per MCF to ship that gas an additional $3 to $5 on top of that to build the infrastructure to receive that gas and regasify it from its LNG form. So kind of all-in costs from this no-project case represent gas prices somewhere in the neighborhood of $9 to $21.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Brett Watson
“In 2033, when all of NStar's contracts have expired,, we're probably facing around $15 per MCF gas.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Brett Watson
“over the last 10 years, Pacific LNG prices, which is the market that we would be purchasing gas from, have ranged between about $5 to $15 per thousand cubic feet in what I would call sort of normal time periods.”Taxes and the Alaska Gas Line: The Fiscal Questions Behind AK's Energy Future · Jun 9, 2026
Alyse Galvin
“When we heard more information from Glenfarn and particularly John Sims from NSTAR, it kind of helped us better articulate to our constituents what they have been wanting to hear, and that is due to cost overruns or other things unknowns, we weren't able to put into on paper that sense of security”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Neal Foster
“I remove my objection. Seeing no further objection, Amendment Number 9 has been adopted.”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Calvin Schrage
“what it does do is it protects ratepayers from higher natural gas prices while not interfering with the viability of this project. And that is the goal, is to make sure that we are continuing to move towards a place where this project is economically viable and can has a real realistic chance of moving forward while ensuring that ratepayers are protected”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Sara Hannan
“we are going to have two tranches or two streams of the mitigation or in this case it is the AVT once it's being executed and that being distributed out via the community assistance formula versus impact aid.”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Neal Foster
“6 Yay, 5 nay. So on a vote of 6 yay to 5 nay, Amendment Number 14, as amended by Conceptual Amendments Number 1 and 2, has been adopted”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Calvin Schrage
“without that contract being signed, this is the only way that today any of us can go back to voters and a guarantee to them that they will not be paying a higher price of gas as a result of this project. Ideally, we'd have a signed contract. We would know definitively that Alaskans would not be paying more than $16 per MMBtu”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Will Stapp
“this amendment basically mirrors what we know to be the contract that Instar already has with the developer based on Instar's testimony. My reservation for this amendment is I just, I don't want to put, uh, this level of detail in state law. I mean, it makes me feel like I'm reaching in and trying to control contract terms”Alaska Legislature: House Finance - June 8, 2026 11:00am · Jun 8, 2026
Mike Dunleavy
“we're running out of gas in the very inlet in which we pioneered LNG export. Right out the window here, we're running out of gas.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Mike Dunleavy
“this project went last year from discussion. It's gone from concept to discussion to now execution. This is how far this project has gone in such a short period of time.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Mike Dunleavy
“our first oil play was actually just out the window here in Cook inlet in the 1950s and 60s. And there was so much gas that that was one of the reasons why there was an LNG export concept that was developed, because you got to remember the rest of the United States was not exporting LNG at that time. We were trying to import and get as much lng, excuse me, gas as possible. In any event, in the late 60s, the port was developed and we were shipping LNG to Tokyo to Japan for 50 straight years uninterrupted.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Mike Dunleavy
“we had one of the largest fertilizer plants also next to the LNG export plant, to just Monetize that enormous amount of gas that was there. Well, that gas is, that gas is diminishing rapidly.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Mike Dunleavy
“that enormous amount of gas would enable us to get incredibly low prices, relatively speaking here in state in Alaska, which would reduce, as opposed to what's happening in other parts of the country, reduce the cost of energy for Alaskans for the long term.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Mike Dunleavy
“one of the biggest projects amongst the many that are being represented here at this conference, of course, is our Alaska LNG project. This has been something that's been talked about for decades and decades and decades.”Governor Dunleavy: Delivering for Alaskans: What's Next for AKLNG · May 21, 2026
Matt Kissinger
“AGDC will always get 25% of anything that goes into eight star Alaska.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“We do not include any of these developer economics in the department of Revenue Analysis. We don't include it in any of our own. But it is there and it is the reward that Glenfarn gets from the project. So Glenfarn enjoys 75% of that carried developer economics.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Bert Stedman
“we got the railroad, we've got Alaska Industrial Development Authority, and we have the permanent fund, all with either substantial amount of bonding authority and or billions in cash, hundreds of millions if not in billions in liquid assets. So there is a concern there.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“the key distinction we were trying to also reflect in this was that of the 65% equity that Glenn Farm would raise, that would be direct ownership. If we elected to take 25%. So that's direct ownership in the eight star pipeline and then the retained interest in the 35% is an indirect ownership stake. So no more money required for that.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“during that 180 days, ideally we will kick off construction and be moving. But it's potential that these other investors who have the, you know, that have the potential to be preempted by us, that they're not going to want to expose themselves to too much risk during that 180 day period. And so it does behoove us to actually shorten that period, to be honest.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“these are preemptive rights. They're retroactive rights that get exercised once we achieve fid. So all the other investors come to the table.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“the equity participation is an option, but it will be on the same terms as other equity investors. So no premium, no disadvantage being provided to AGDC for coming in under these preemptive rights.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Bert Stedman
“there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“in this example I've shown, AGDC elects to exercise its full 25% ownership option. So the 65% that the other investors selected or was issued to the other investors, we can back into 25% of that. So that's 16.25% of the total ownership of the project that we'd have direct. We still have our 25% of the carried 35% interest, which is another 8.75.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“AGDC has reserved the right to additionally invest directly into each of the sub projects at 5 to 25% of each equity raise that there is within those sub projects. Like we said, this is a contractual option, not an obligation.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“we're 100% aligned with Glenfarn going through this process. Glenfarn's going to fight like mad to ensure the least amount of dilution of eight Star Alaska's ownership in eight Star pipeline as you go through that process. And then we just benefit by taking 25% of what they retain.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“they fill out the whole book of how much equity needs to be raised, and then they have to wait. They have to wait up to six months while we make a decision of whether we're going to back in and push them out of 25% of their investment, which is a real disadvantage to those investors. They have to tie up that capital with a slight bit of uncertainty.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“What AGDC has reserved for the state and Alaskans is the opportunity after fidget to take up to 25% of the equity stake. And in this particular example we used the range of 5% or about 230 million up to 25% or about 1.16 billion.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“we wanted this opportunity to acquire ownership if the State of Alaska through appropriate legislation would be available to us. And so we reserved that option. However, if that option does not proceed forward, there will still be some what we call developer economics returns. And as owner of HSTAR Alaska, because of the development cost that the State of Alaska through AGDC and now Glenn Farm working towards FID will have expended and want to have some return on the investment. So as Glenn Farm retains equity positions in any of the sub projects and has developer economics return coming up to them for fees to those sub projects, then AGDC without any more additional funding would receive 25% of those returns to the State of Alaska.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“once final investment decision is taken, we'll have 180 days to present the option to present the economics, the risks of inequity participation to the state of Alaska. So for an example, if there is a final investment decision in the fourth quarter, let's say the beginning of the fourth quarter quarter of this year, then that would start the 180 day clock to be able to provide the information to the legislature and to the Alaskans that would be interested in it”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Lyman Hoffman
“I bring this up because that 180 day timeline makes much sense. But what triggers that timeline, to me it would make more sense when the legislature convenes that that clock would start ticking so that we would have ample time to make major decision on the amount of funds that the legislature may invest in.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“we've reserved that for the for the legislature between 5 and 25% equity option is what we've reserved within our agreements with Glenn Farm. And the goal would be that the state of Alaska may not have to elect the full 25% if it chooses not to. Then that option will then be extended to Alaskans and Alaskan corporations.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Jesse Kiehl
“The 5% minimum buy in, is that going to match all other potential equity investors? Is there any chance that anybody else gets in at 2%?”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“my goal is that this project is able to reach a final investment decision for phase one sooner than that. It's really the opportunity that the developer talked to yesterday about what are those existing actions that must be undertaken to complete and have a final investment package, a decision support package that they would then make their decision on. Part of it is again around the property tax.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“the ownership structure of Eight Star Alaska is 75% Glenn Farm, 25% AGDC.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“This is the topic of discussion is really around the oil and gas property tax and what is truly going to allow this project to remain as an economic project that will move forward in this very competitive environment.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Matt Kissinger
“the property taxes that we were faced with were about 10, 10 times higher than the next highest, which was Cove Point in Maryland we'd be looking at 600 to 800 million a year, possibly a billion a year once you factor in the potential risk of cost overruns. Whereas in LNG Canada I believe that they're paying somewhere around 27 million a year.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“it has been recognized really for decades that Alaska's oil and gas property tax rate is very high. And so we've looked through independent verification on where Alaska sits in comparison to other jurisdictions that have LNG projects. And so, so we've gone and we'll present some of that information today. But literally it is that Alaska is approximately 10 times higher than other jurisdictions in terms of our oil and gas property tax.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026