Governor Sean Parnell announced Friday the state is taking a new approach to a large-scale natural gas line in Alaska.
“We have agreed to amicably terminate our involvement with TransCanada under AGIA, but sign up with TransCanada in a more traditional arrangement along with the producers and AGDC [Alaska Gasline Development Corporation],” he said at a presentation before the Alaska Support Industry Alliance in Anchorage.
Parnell did not release the terms of the agreement, but did announce “TransCanada agreed to a debt-equity structure that guarantees Alaska’s interests are protected.”
Parnell explained the Alaska Gasline Inducement Act, which was negotiated under Governor Sarah Palin in 2007, was designed with the idea of one developer moving natural gas. Now the project is more complicated and involves gas treatment and liquification.
The new agreement with TransCanada, Exxon, BP, and ConocoPhillips, which Parnell said will be signed very soon, gives the state ownership. “Ownership ensures we either pay ourselves for project services or at the very least understand, negotiate, and ensure the lowest possible costs.”
Parnell said the state would also receive a share of the profits over the entirety of the project.
- Alaska Airlines pilots have reached a breaking point in negotiations with the company, and now have plans to picket outside Ted Stevens Anchorage International Airport. The pilots plan to picket starting at 1 p.m. Monday outside the airport in Anchorage.
- Jenkins was taking a practice run through the class four rapids when a bystander filming the event, noticed another participant, Daniel Hartung, 64, of Indian Valley, flipped out of his kayak and became pinned under a log.
- The Tazlina is the first of two new Alaska Class ferries that the Ketchikan Vigor Alaska shipyard is building for the state. Its two halves are complete and welded together, and shipyard workers are busy getting interior spaces done.
- The Alaska Marine Highway is taking reservations for October through April sailings. The schedule changed so the Matanuska can get new engines.