Quoted moments from Alaska public meetings, hearings, and press conferences.

Calvin Schrage
“Our next meeting of the HPPC HB 381 conference committee will take place tomorrow, Saturday, June 27th at 10:00 a.m. During that meeting, we will conclude this presentation as well as go over the amendments passed on the Senate floor to HB 381.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Matt Kissinger
“Representative Fields asked about these clawback mechanisms at that meeting, and what I said was, I said there— I said, and just to address this clearly, this is my words, and just to address this clearly because I've heard many questions that dance around this, the clawback would be a paid clawback. And there's real important reason for that. If you're moving towards milestones and you're gonna penalize your developer and they miss a milestone and you can just take everything away from them and they can lose everything, They will put nothing into it.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Matt Kissinger
“that was not in the main agreement. And the main agreement has the abandonment provisions that we have also discussed where there is not a payment.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Calvin Schrage
“After discussions with committee members, there is interest in starting with the Senate Finance version. Which largely mirrors and builds upon the bill passed by the House.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Bryce Edgmon
“I move, Mr. Chairman, that we adopt the committee substitute for House Bill 381 Finance amended. For reference, it is 34-GH2038\W.A.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Matt Kissinger
“Senator Steadman, through the Chair, if you would be willing to provide us with a copy of that document, then we can consider redacting it and reviewing it. But as of now, we've only been able to to look at that document. We don't have our own copy of that document.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Frank Richards
“The document that we are discussing today is a draft document that AGDC staff created specifically to provide information to AGDC's board while we were working on the definitive agreement.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Adam Prestidge
“We would not ask for any numerical value to be assigned based on the implementation of a tax arrangement.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Calvin Schrage
“One question that I would have, which has not been addressed as of yet, is who is able to claim value for any tax abatement that's provided by the legislature?”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Frank Richards
“If Glenfarm decides to abandon the project, we do so with no recourse. And that is a very important characterization of how this has been set up.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Adam Prestidge
“we do have the view that if there were ever a cash consideration or a cash repurchase, we would not ask for the monetary value of any tax arrangement to be reflected in terms of in any repurchase.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Adam Prestidge
“this is a mechanism that is only exercisable at the state's option. In terms of Glenfarm's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Matt Kissinger
“I think everyone knows what I'm talking about with respect to a stolen AGDC document, confidential document. I thought it would be worthwhile just to take a few minutes just to address it openly to let you ask any questions that you have on it, but also to clarify that we've been clear actually about these mechanisms on the record.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Calvin Schrage
“From there, we will move on to amendments adopted on the Senate floor, which I expect will form the basis of most of our decision-making. While our initial focus will be on the Senate components, the committee retains the ability to consider the House version and its individual provisions as we work toward a final product.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Calvin Schrage
“With that, I'd like to call the roll. Senator Cronk. No. Senator Steadman. No.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Adam Prestidge
“it creates a little bit of a hesitation around how— around business principles and how, you know, how we will be able to trust certain confidentiality protections.”Alaska Legislature: JHB381-260626-1400 · Jun 26, 2026

Robert Myers
“nothing in life is guaranteed here. And I think everybody agrees that passing this bill does not guarantee us a gas line, but not passing this bill guarantees we don't get a gas line. This is the last thing that we as a state can do to help this process along.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Robert Yundt
“we are nowhere near ready to even consider that right now. So it needs to stand on its own merit in a year or 2 years or 4 years or possibly never. But we got to finish the financial modeling. We cannot— I don't think we should be considering jeopardizing this once-in-a-lifetime opportunity over something that we haven't even finished the committee process on.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

James Kaufman
“I don't know what the effort might be to make it unpalatable to people to vote for it, the old poison pill idea. I don't know how far we might go down that road if it comes to the floor, but I think the best thing we can do is get it to the floor and do it in the light of day, just like we should have been having committee meetings to get the final bill in shape and then send it to the floor. But instead, we've kind of collapsed into this closed-door caucus meetings rather than the committee meetings and the process that we should should be following.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

James Kaufman
“This getting to the point where suddenly things just collapse in committee and then we go into these caucus meetings, you know, behind closed doors. That was really kind of a breaking point that occurred that I think is unfortunate.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

James Kaufman
“It's really just a tax treatment to make the funding formula work for it so that they can get on with it try and get the investors to step up and get the funding package put together, along with the commitments at each end of it, gas in, gas out. So that's all that it is.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Mike Cronk
“They've made it pretty clear that you start to shorten that and that jeopardizes the economics of it. They need it to match the loan.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Robert Myers
“the developer was pretty clear in committee meetings the last few days that it's a 30-year loan based on 30-year contracts, so they're asking for a 30-year tax treatment.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Robert Myers
“We can't let a 2-year decision slow down a 50-year decision. That's really what this boils down to.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

James Kaufman
“suddenly committee hearings are being canceled and the majority's caught in a huddle apparently trying to figure out what they're gonna do. So I hope with all of my heart that we can get a clean bill to the floor and we can have a good up and down vote.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Cathy Tilton
“HB 381 and passing this key piece of legislation isn't about choosing between revenue and development. It's about securing both for Alaska's future. And I look forward to being a yes vote to vote on a clean piece of legislation.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Robert Yundt
“Our goal is to pass a clean bill that allows this project the opportunity to be built.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Mike Cronk
“we are here today to talk about the gas line. And we're pleased to be collaborating with Glenfarn the House, the executive branch, and the majority caucus to push this project forward. This project benefits nearly every Alaskan, whether it's directly through cheaper energy costs, indirectly through PCE, or by employment or economic opportunities.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

James Kaufman
“If people wanna try some amendments, do it. But I think it all should be done in the light of day. If we're squabbling over revenue that comes from this thing, we need to remember no revenue comes from bought gas. No revenue comes from windmills. None comes from solar panels.”Alaska Legislature: SMIN-20260617-1630 · Jun 17, 2026

Matt Kissinger
“What happens is the developer under our contracts, between AGDC and Glenfarm, developer Glenfarm, they have to continue diligent development efforts until they achieve an FID. And we have laid out sort of 10 criteria of what it means to, you know, commit to— or to undertake diligent development efforts.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Matt Kissinger
“if and when that happens, there is no payment obligation of the state back to Glenfarm. There is no payment obligation under that circumstance.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“we made the decision not to pursue that. We asked AEDA to stand down, and we've continued to fund— we've paid for the engineering study. It was successful. We've continued to fund all of the expenses of developing this project ourselves.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“With the concept being that if the engineering studies resulted, in an unviable project, or the project failed to go forward, then that up to $50 million could be reimbursed by ADA, by the state, to the developer. We took a look at that, and we thought that that didn't align with the way that we want to take on this project, where we don't have an expectation or request from the state.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Lyman Hoffman
“under that scenario, unless the legislature decides to take the investment option, there is no scenario that that Glenfarm sees that under any scenario that there would be a cash call by the state of Alaska or by Glenfarm. Chair Hoffman, that is 100% true and correct. There is no scenario where we will ask the state for money.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Matt Kissinger
“Mr. Kissinger, would you agree with that statement? Chair Hoffman, yes, I agree with that statement 100%.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Jesse Kiehl
“What about ownership of project assets and intellectual property, whether that's the FERC license permits or engineering studies or those things. How is ownership of those resolved? God forbid this thing doesn't go. Senator Keel, through the chair, those would stay with 8 Star.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“if Glenfarm were to determine the project had failed or if Glenfarm were to decide to abandon the project, we wouldn't have any way to seek any recourse or any reimbursement for what we have done.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Lyman Hoffman
“I would say this is a very valuable dialogue because there are rumors abound in this building. Many questions are revolving around this, particularly in the Senate.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Frank Richards
“it was with Matt's expertise that we hammered out those agreements and looked out for the interest of the state of Alaska in those agreements so that we had what was a working arrangement where the developer Glenfarm would come in and bear the cost of this project taking us to final investment decision. That was key because we understood clearly from the legislature that there was not going to be any more money to be able to move this project forward from the state of Alaska.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“If you're looking at the life of the 30-year loan, any lender or investor is going to look at the economics of that— of the project on that 30-year forecast and can the project handle its debt service payment— its debt payments over that period of time. And so having the tax reduction apply for that time, that equal amount of time to the loan is very critical in— for the economic viability of of the project.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“when the financing sources are looking to put money into pay for the construction of the project, they're going to be taking the most conservative forecast of the cost of the project and the financial burdens on the project. And so if there's any possibility that after a period of time the tax rate would revert back to 20 mils, that's what lenders and investors would assume will happen because they'll take the most conservative view. And so that's the reason why the 2060 date is is so important.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“The 2060 is a timeline that sets out a few years for construction period followed by 30 years of operations and 30 years of debt service payments.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“Glenfarn is developing the Alaska LNG Project at our own risk and at our own expense. There's no request for the state to continue to put in additional development cash, and there is certainly no right or expectation for Glenfarn to be reimbursed for any of our development expenses by the state.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Bert Stedman
“I'd like to have that data set or that data point analyzed by your guys' internal data and your own model because you guys have the inside information. You got better information than Revenue has and better information than the Frankly, the governor has.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Bert Stedman
“what is the economic impact of this— concession being asked for on the pipeline itself, not the conditioning plant, not the liquefaction plant, but the pipeline, and how does it move the economic model and cash flows.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026

Adam Prestidge
“Senator Simpson, we'd be happy to work on something and put something together. To answer that question. We work with Department of Revenue and also just independently as well.”Alaska Legislature: Senate Finance - June 16, 2026 9:00am · Jun 16, 2026