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House passes Chenault's in-state gas line bill

Posted: April 2, 2013 - 9:59am

JUNEAU — The Alaska House has passed legislation aimed at advancing an in-state natural gas pipeline project.

Monday night's 30-9 vote followed hours of debate and failed attempts led by minority Democrats to amend the bill, including to give the Regulatory Commission of Alaska authority to review and approve contracts to ensure "just and reasonable" gas costs.

Supporters see HB4 as necessary to help move a gas line project to an open season, the point at which interest would be gauged. Critics say they understand the desire to get gas to Alaskans but see the bill as too far-reaching, with limited oversight.

Senate Resources is scheduled to start hearing the bill Tuesday. HB4 is seen as one of the major pieces still in play as the legislature nears its scheduled adjournment.

 
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Raoulduke
3055
Points
Raoulduke 04/02/13 - 10:45 am
0
0
Contracts

Yep! The score Alaskan's 0-Oil,and Gas Industry 1.Why would the Republican led House not allow the Regulatory Commission to review,and approve contracts.Which is their job to ensure the Alaskan gets a reasonable ,and just gas costs?Answer Because they are in the pockets of the oil,and gas Industry is why. Alaskan wake up,and smell the STENCH. When you start whining why.You will only have to look in your mirror to find the problem.

bob99507
361
Points
bob99507 04/03/13 - 11:20 am
0
0
Pipeline

Yep. Score Alaska jobs 1 haters 0

Raoulduke
3055
Points
Raoulduke 04/03/13 - 12:30 pm
0
0
Jobs?

There may be job opportunities,But are they jobs that will be filled by Alaskan's,or outsiders? This is something that will be told in the future.I still find it difficult.You can not see the great part of the picture that is missing from the contract. You know.The part where the Regulatory Commission will not be able to review,and approve contracts.This missing part has opened even wider.The door of graft,and corruption.You need to remove your blinders.

bob99507
361
Points
bob99507 04/03/13 - 05:47 pm
0
0
Jobs

You need to remove the blinders Alaska needs jobs and revenue this is one answer. Take a trip on the north road and look at rust alley, look at the jobs that have left because of anti-progress people like you.

Sam Von Pufendorf
1088
Points
Sam Von Pufendorf 04/04/13 - 01:18 am
0
0
Anti Progress / Jobs

bob an Raoul,
You need to see each others opinions more clearly. Raoul wants some form of oversight as far as gas price and delivery price. I do not think he/she is anti development.
The jobs issue is mute. The jobs will go where the workers will take them and a project of that magnitude will inevitibly bring more people to the state. Alaskans will garner jobs simply by the fact the gas line is built, albiet some of those jobs will be in the service sector... there will be more jobs for all ... Alaskans and non- Alaskans. Most people in this state were not born here. They came here for opportunity and that will happen again.
Bob is correct, the jobs and the resource are needed in the state. We are finding our selves between a rock and a hard place with the simplicity of home heating and power generation
A gasline will add jobs in the petro-chemical industry as the Agrium plant and plants similar to it will operate given the gas is available at a reasonable price. The gas price will most likely be tied to the Henry Hub or NOLA price as it will no longer be stranded as there will be a way to export it (LNG).
As for regulation; that is certainly still in the works as is a taxable structure for that gas. A project of this magnitude is huge and will not move quickly. To be certain it will fly, there needs to be consumers and that will take more than power generation and home heating on a state level. Industry will be needed to make it economically feasible.
Instead of using this forum to slam each other and bicker (much like our US Congress and State legislature), why not use it to discuss ideas ... no matter how different our opinions may be?

Raoulduke
3055
Points
Raoulduke 04/04/13 - 01:20 am
0
0
Cost

No matter what the cost of corruption to the Alaskan,or Alaska.No matter what.The job is worth the price that is going to be paid right? If one agrees with this.then one has a low degree of moral fiber.One must remember Alaska has been a Republican state for the past 40 years.So! Who is the progressive?the Republicans do not claim that distinction,and Who has been lining their pockets getting fat.Certainly not the average Alaskan.There will be NO oversight on contracts,and that is alright with you? I suppose.The oil industry have found your price.

Raoulduke
3055
Points
Raoulduke 04/04/13 - 01:27 am
0
0
oversight

Yes! SVP.the oversight of the contracts,and state monies is very important to me.There is going to be so much money involved,and to not know exactly where the monies are being spent is ludicrous at best. I am all for jobs,but not at the expense of the state coffers.Would you sign a blank check?This is what. I feel the state legislators are doing.I can not believe.There isn't an outcry from the citizenry.

bob99507
361
Points
bob99507 04/04/13 - 11:45 am
0
0
Out cry

One third of the people employed in Alaska are in employed because of the oil industry. So I guess if you want to call it found my price go for it. You dance with who brung ya. I guess some people dance with the handouts

Raoulduke
3055
Points
Raoulduke 04/05/13 - 01:54 am
0
0
pricing

Some folks look upon tax breaks to the wealthiest oil corporations.So people can keep their employment as a BIG HANDOUT.Some folks just won't admit working for them.

bob99507
361
Points
bob99507 04/05/13 - 12:47 pm
0
0
Handout

I think I will stick to anti-progress for some folks

Sam Von Pufendorf
1088
Points
Sam Von Pufendorf 04/06/13 - 03:26 pm
0
0
Handouts

Of the top fifty investments in The Alaska Permanent Fund (APF), oil companies or oil related service companies account for ten (1/5) of those investments totaling nearly $800 million in investments with a total return of just beyond $110 million or 15%. In total, the APF has invested in 324 oil or oil service related companies with an investment value of $1.6 billion and an annual return of 11%. Another 164 companies in the petrochemical sector have an investment of $550 million with a return of 21%.
Oil or oil service companies directly accounted for 63,000 local hire jobs. Indirect employment stood at an additional 97,000 jobs.
What does all of this tell us? WE are the investors! WE see the return on investment not only in the PFD but in local employment and tax base.
Since 2000, ConocoPhillip has donated more than $87 million to Alaska nonprofit organizations including more than $27 million to the University of Alaska. The company was the single largest contributor to the cancer center at Providence Alaska Medical Center with a $5 million donation.
BP contributed $5.5 million to support nonprofit and educational organizations and programs in Alaska. Another $3 million in scholarships and $2.2 million to Alaska sports programs and activities. BP employees support more than 700 community and education organizations and more than 230 youth teams in 49 Alaska communities.
That thing that leaves a bad taste in our mouths often ends up being our noses as we bite it off to spite our faces. I am not advocating a mass give away to the oil companies, but I am hoping there may be a way to adjust the tax structure in a fashion that would be fair and equitable for everyone.
And yes, I am employed in the oil industry. 1/3 of all Alaskans are employed in some form or another in the oil industry either directly or indirectly.
People that complain about tax breaks for the oil companies are the same people, who because of the oil industry, pay NO state income or sales tax.

AK PF Corp:
http://www.apfc.org/home/Content/home/index.cfm

Resource Development Council
http://www.akrdc.org/issues/oilgas/overview.html

bob99507
361
Points
bob99507 04/06/13 - 12:23 pm
0
0
SVP

Thank you for bringing up those points about the state income and sales taxes.

Massey Ferguson
9
Points
Massey Ferguson 04/14/13 - 08:08 am
0
0
My Fair Share, please

If I want an Energy Tax Credit, or a tax credit for sending my kids to college, I have to pay the cost first, then apply for the credit. Why does not the same procedure apply to the corporations? What are the odds that I can convince the legislature to give me a few hundred million a year if I promise that I will think about doing something beneficial to the state with it? The oil companies own Alaska and all those that represent her. Pure and simple.

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