Originates House-side appropriations + operating-budget oversight. The House co-chair pair runs the budget process.

Alyse Galvin
“in other words, if it's $18 Japan market and then at $1 shipping plus $3 to $5 for LNG facilities, then are we talking 22 to $24?”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026

Brandy Baker
“we have to make a decision third quarter this year of which way to go if there's going to be a gas pipeline, we don't need to import, but we need to know that because we're running out of Runway to have enough time time for an import facility to be built in time to meet our gas requirement.”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026

John Sims
“This contract expires in 2033 and we have to find a replacement for 162 million a day. And there's no one in the cooking that can provide that today.”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026

John Sims
“When you look at our arrears or the folks that haven't been able to pay their bills, compared to prior years, we have a $7 million balance compared to what used to be a $1 million balance. So they're already struggling, and that's without the price of gas going up.”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026

John Sims
“Because of the cold temperatures that we had over this past winter, we were not able to get gas from any other location that we needed for our customers. Hilcorp provided that gas. They provided half a BCF and the price was $16.”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026

John Sims
“The cost for that LNG terminal infrastructure is between 3 to 5 dollars per mcf depending on participating volumes during that time. So right off the get go you have nearly $20 gas, potentially even more for that LNG solution.”Alaska Legislature: House Finance, 6/1/26, 1:30pm · Jun 1, 2026
ENSTAR announces $16/MCF North Slope gas contract price, comparing favorably to LNG imports but representing significant increase over current Cook Inlet costs; Southcentral utilities face 2026-2029 contract expiration deadlines requiring pipeline or import facility decisions.

House Finance Committee hears testimony on Alaska LNG property tax reform

Alaska House Finance Committee postpones gas line tax bill amendment deadline as North Slope and Kenai Peninsula Borough mayors negotiate property tax structures with Alaska LNG developers

Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.

Alaska House Finance Committee reviews optional state equity investment in Alaska LNG project and property tax relief tied to Fairbanks spur-line construction

The Alaska House of Representatives voted Thursday to allow recesses longer than three days during the special session on natural gas taxation, immediately adjourning until June 4.

The Alaska LNG project would struggle to compete in global markets even under the governor's proposed tax relief, with breakeven prices at the high end of current futures markets, according to state modeling presented to the House Finance Committee on Thursday.

The Alaska House Finance Committee heard Thursday that the governor's version of HB 381 would reduce municipal property tax revenue from the Alaska LNG project by over $13 billion compared to current law, while the House Resources version would actually increase municipal revenue by retaining property tax on the gas treatment plant and LNG facility.

The Alaska House passed Senate Bill 79 allowing employers to offer pay cards for wages after removing a provision on credit card interchange fees.
