Originates Senate-side appropriations + operating-budget oversight. The Senate co-chair pair runs the powerhouse budget process.
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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
0:38
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
0:13
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
“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
0:22
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
Consultant warns Senate Finance that Alaska LNG faces megaproject risks
Independent megaproject consultant warns Alaska Senate Finance that 92% of megaprojects exceed budget or schedule, with LNG projects averaging 70% cost overruns, directly challenging optimistic timelines for the state's proposed gas pipeline and export terminal.
by Walter AlaskaNews8h ago2 min readAIAlaska
