Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
Clips from Alaska Senate Finance CommitteeClear
0:13
Speaker A
“the most recent information I've heard is that it's imminent. I understand it's pushed from what was previously forecasted, but I believe it's still expected the first half of this year.”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:25
Bert Stedman
“As I recall that from those classes that we had years ago on a mega project, if, if you were only 20% or less overrun, that was a successful project.”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:29
Speaker A
“Bent Flyberg is recognized as one of, if not the preeminent researcher of megaprojects. Through his research of Thousands of projects. He's found 92% of megaprojects are over budget, over schedule or both, which he has dubbed the Iron Law megaprojects.”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:29
Speaker A
“We were recently involved with reviewing the Vogel nuclear power plant down in Georgia. Units 3 and 4 that were completed a few years ago. That project, I believe, ended up at roughly $36 billion and took, I believe it was seven years longer than planned to complete.”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:38
Speaker A
“a Black Swan event is just something that is unplanned for as low probability, but high impact when it does occur. COVID 19 was a great example of a Black Swan event.”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:22
Speaker A
“the pre FID status including gas sales precedent agreements, downstream letters of intent, pipe supply, preliminary agreements and engagement with EPCM and EPC contractors”Senate Finance, 6/2/26, 9am · Jun 2, 2026
0:44
Bert Stedman
“You may conclude from AGDC's point that it is a, you know, marginal project to go forward. My concern is Department of Revenue may conclude like has been referenced here at the previous meeting. It could go negative, net negative revenue against the state. So that is a significant concern at the table.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:56
Bert Stedman
“we're being told here at the table it may cost 45 billion or it may cost 90 billion. It's not an acceptable answer, just not an acceptable answer.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:56
Dan Stickel
“under current tax law, with our existing property tax and our baseline assumptions, state revenue from the project, including Both upstream and midstream components would be just shy of 30, 30 billion dollars over life of project and a little over 17 billion dollars to municipalities.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:27
Bert Stedman
“the conversations I've had with some of the industry folks, both big and small, there's been significant cost escalations since January, dealing with equipment, fuel, manpower, what have you. And some of the rough impacts I've been given is 10%, and that's just since January.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
1:00
Matt Kissinger
“it starts with a temporary tax abatement that would expire once the project achieves either 500 million standard cubic feet per day of throughput or five years from commencing commercial operations, whichever is first. It also sets out an alternative volumetric tax, which is $0.06 per thousand standard cubic feet flowing through the pipeline and $0.12 for gas flowing through the GTP and $0.12 for Gas flowing through the LNG facility. However, that is then weighted by the total proportion of capital that each of those segments it constitutes of the total project capital.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:22
Bert Stedman
“I've heard the issue of a Graham several times as an anchor tenant. But my understanding for agrium that style of business they need low cost gas, not high cost gas. So I would be a little cautious with that one because this doesn't look like low cost gas.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:21
Dan Stickel
“at $9.07 delivered this is a marginal project.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
1:02
Dan Stickel
“that bill would have reduced total state revenues over life of project from 29.7 down to $22.5 billion and would have reduced municipal revenues over life of project from 17.3 billion down to just under $4 billion.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:56
Dan Stickel
“This bill would reduce total state revenues over life of project from 29.7 down to $22.8 billion, would reduce municipal revenues from 17.3 down to $6.2 billion, would reduce the in state cost of supply from the four. $4.86 Down to $4.47 per thousand cubic feet, and then would reduce The Global delivered LNG price in 2033 from $9.07 down to $8.55 per thousand cubic feet.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:33
Dan Stickel
“our 2033 break even cost of supply given all of our baseline assumptions and current tax law would be $4.86 into the in state market and $9.07 per thousand cubic feet into the global market.”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:48
Dan Stickel
“you can see that the replacing the property tax with the alternative volumetric tax decreases that cost of supply by about $0.50 per thousand cubic feet. If capital costs were to come in 10% below our assumption, it would have a similar impact. And we can see here that if capital costs were to come in significantly higher than what we're assuming, that would have really the largest impact of any of these variables on the economics of the project”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:35
Matt Kissinger
“Section 19 creates a mitigation fund of up to $90 million per year. And then it sets up how that that gets allocated between the different impacted municipalities and the state”Alaska Legislature: Senate Finance — June 1, 2026 10:00am · Jun 1, 2026
0:35
Bert Stedman
“we concluded after that meeting that the Department of Revenue and Natural Resources on the state level needs to put together an integrated financial model. And we had— we being LB&A had dialogue with administration and consultation with how the model works.”SFIN-260529-0900 · May 29, 2026
0:22
Bert Stedman
“The gas price of $1.50, I don't know what the gas price is, but we have a net tax system. I don't think that's gonna change.”SFIN-260529-0900 · May 29, 2026
0:17
Bert Stedman
“we'll have to wait until there's gas, first sale of gas, to know the price, or when do you— when does the department think they may know the price of this? Gas.”SFIN-260529-0900 · May 29, 2026
0:55
Dan Stickel
“our official spring revenue forecast conservatively does not include any revenue from the AK LNG project or related development. And so what we do here is we show If the project were to proceed without tax modifications under our baseline set of assumptions around the project, which include a $46.2 billion real 2026 capital cost”SFIN-260529-0900 · May 29, 2026
0:27
Jesse Kiehl
“Capacity is a good read on the question. Wasn't my intended question, so I'll clarify. Assuming the Department of Revenue and/or DNR's fiscal analyst, commercial analyst folks have the brainpower you need, legally and practically, will you have access to all of that information?”SFIN-260529-0900 · May 29, 2026
0:32
Bert Stedman
“the model that's the question or the operators of it. It's the inputs. Inputs and the lack of inputs where the discussion is, needs to be put on the table.”SFIN-260529-0900 · May 29, 2026
0:41
Bert Stedman
“The construction cost, Mr. Chairman, is highly— well, I think— Speculative. Speculative is a polite way of putting it.”SFIN-260529-0900 · May 29, 2026
0:35
Dan Stickel
“the core purpose of the legislation is to create a policy framework for replacing certain state and municipal property taxes with an alternative volumetric tax.”SFIN-260529-0900 · May 29, 2026
