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.
- The Juneau Assembly declined to pass a broaden sales tax exemption for seniors. Opposition from businesses prodded elected officials to refer the initiative back to committee.
- Fines for pet owners whose for critters scooped up by animal control officers have gone up. The fees hadn't been adjusted for nearly 17 years.
- Local education officials are applying for state money to replace and repair leaky roofs at several Juneau schools. About $5 million is coming in over the next five years earmarked for school maintenance from sales tax money that voters approved in the Oct. 3 election.
- "They’re calling it GTA, grand theft Anchorage, right now," said Rep. Lora Reinbold, who says she wants to repeal Senate Bill 91. "It’s outrageous, what’s going on in the city that I love.”