The Alaskan Senate has passed HB 132, legislation that affirms the direction set by the Legislature for state ownership in the Alaska LNG Project.
The bill will also protect almost US$200 million in a reserve account to fund a state alternative, if necessary.
House Speaker Mike Chenault commented: “The House passed HB 132, in large part because our members found it unconscionable that we give the governor carte blanche over US$200 million to work on a plan they have no details on. We, as the Legislature, are the appropriating body. We have a responsibility to Alaskans to be prudent and deliberative in spending the state’s money, and writing a blank check for a plan that we know nothing about and have not vetted in our public process was a non-starter.”
Senate President Kevin Meyer added: “It is troubling that we could not reach consensus on this issue. This is Alaska’s economic future and we are all invested in its success. HB 132 reaffirms the path that we chose, that we vetted, and that we know will provide the maximum benefit to our state. As a legislature, we do not have the level of confidence in the governor’s plan, because one has not been presented to us after repeated requests.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01042015/alaska-senate-passes-hb-132-521/