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.
- Typical criminal cases go to local district attorneys for consideration. The head of the Office of Special Prosecutions wouldn't elaborate on why this case was in his office.
- A human leg and boot were pulled out of Gastineau Channel near Sandy Beach on Monday afternoon, according to a Juneau Police Department news release.
- A decades old debate is gaining traction over the stability of Sitka’s herring population.
- A trial date has been set for a 21-year-old Alaska man accused of fatally shooting his girlfriend when he tried to kill himself and the bullet struck the woman after passing through his head.