Frank Richards
President · Alaska Gasline Development Corporation (AGDC)
23 articles · 12 transcripts · 24 clips
Affiliations
Where Alaska LNG stands after Lutnick's 'federalized' remark
“AGDC remains fully focused on bringing the Alaska LNG Project to fruition”
AGDC managers ask board for $1.28 million to support its 25% stake in Alaska LNG
“our role now has shifted from 100% ownership rights of the Alaska LNG project to 25% minority owner of Eight Stars Alaska.”
Alaska LNG lease filing lists state gasline corporation as 25 percent owner
8 Star Alaska filed financial documents to convert pipeline leases, with the state holding 25 percent through its gasline corporation and private developer Glenfarne holding 75 percent.
A plan to let Alaskans invest in the gas pipeline has stalled
A plan to let ordinary Alaskans buy a stake in the state's gas pipeline has stalled for want of $2.5 million, even as the pipeline itself keeps moving ahead.
$21 million for 29 miles of the road that supplies the North Slope
“So the opportunity to be able to have a funding source necessary to be able to assure that the maintenance and operations teams along the Dalton Highway have sufficient funds will be fabulous because that is really the lifeline for Alaska and the oil fields”
Alaska's gas-pipeline bill now carries a tax on Hilcorp and others
A permanent tax on pass-through oil companies like Hilcorp is riding inside Alaska's gas-pipeline bill — and it kicks in by 2028 whether the pipeline gets built or not.
State economist: even with tax breaks, the gas line barely works
Even with the Senate's tax breaks, Alaska's gas project still costs more to make than Asia pays for it — and one lawmaker put it bluntly: "It seems like they don't work."
Alaska's gas-line tax bill stalls in committee
Lawmakers writing Alaska's gas-line tax deal voted down both versions of the bill — now they need special authority to build a compromise from the pieces.
A leaked plan to fire Alaska's gas-line developer surfaces in Juneau
“there is commercially sensitive information in there about other parties that we would find, again, would breach our confidentiality agreements with those other parties.”
What the Senate Changed in the Gas-Line Deal
“it would impose again extreme challenges for us to act in the best interest of the state because likely the opportunities that we hope to be able to have discussions with may not become available to us just because of this provision.”
Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates
Senate Finance gets into the numbers of the LNG line in a hot and spicy day of meetings
State wins option to buy 25% of Alaska LNG after investors commit
“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.”
Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math
“We've reserved that for the legislature between 5 and 25% equity option”
Alaska keeps veto power over LNG project despite 25% stake
Alaska keeps veto power over major Alaska LNG decisions despite owning only 25 percent of the joint venture with Glenfarne Group, including approval rights over contracts, capital requests, and rate structures that prioritize in-state gas use.
DOT&PF lifts weight limits on Dalton, Elliott highways; dozens of Interior roads still restricted
“will include the Dalton Highway, it will include portions of the Elliott, it will include the Parks Highway, and even portions of the Seward Highway”
Alaska House examines $4 billion LNG equity option, Fairbanks spur-line tax break
“The option that we're talking about here is— will be provided to the state of Alaska in whole. And what I mean by that is not only to the state legislature, but also to Alaskan corporations and hopefully Alaskans themselves”
AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects
More conversations about the Governor's plan to make the AK LNG project more profitable to investors.
Senate cuts community impact fees for gas pipeline by half
Alaska Senate cut community impact fees for the Alaska LNG pipeline to $500,000 per mile, halving projected municipal payments from $740 million to $370 million during construction.
House Finance Advances Paid Parental Leave Bill
House Finance advanced a paid parental leave bill creating a new payroll tax, with benefits starting in 2029. • Small businesses with fewer than 25 workers would be exempt from providing benefits but employees would still pay in. • Committee raised concerns about long-term funding past 2040 and potential equal protection issues.
Senate panel debates $1B tax break for Alaska LNG amid cost secrecy
Alaska Senate panel split on tax breaks for $46 billion LNG project, with one lawmaker refusing to vote without cost details and warning the state could lose $1 billion annually in taxes.
Alaska LNG Tax Bill Walks Tightrope Between Project Viability and Local Needs
“We are facing an energy crisis. And one of the best ways to make that— to achieve achieve a reasonable source is to have a tax structure that is achievable.”
Senate panel examines price controls, federal authority on gas pipeline
Alaska Senate panel questioned whether state price caps in Senate Bill 280 would conflict with federal authority over the Alaska LNG pipeline project.
Senate panel examines regulatory questions on gas pipeline tax plan
Senate panel debated tax breaks and regulatory oversight for a proposed natural gas pipeline, with municipalities seeking clearer cost projections and more local control.
