Alaska’s major oil companies, and three municipalities, have filed separate appeals of a state tax board decision that set the value of the pipeline at $13 billion.
The AKLNG special session continued this week, giving more clarity on what will be an undeniably difficult project, no matter the subsidy lawmakers ultimately approve.
The biggest takeaway from the first full week of hearings on Gov. Mike Dunleavy’s proposed multi-billion-dollar, multi-decade subsidy for the natural gas pipeline project is that the state sure is lucky that lawmakers’ efforts to rush the bill through didn’t pan out.
Lawmakers adjourned the regular session on Wednesday in a largely uneventful final day, at least compared to the mayhem of Monday's attempt to force through a multibillion-dollar subsidy in the form of state and local tax cuts.
We have made corrections to the original article, which brings the total value of Alaska contracts awarded to firms affiliated with Saige Consulting Chairman Peter Corsell closer to $90M than the $80M figure we used.