The Legislature is now in day 7 of a special session called by Governor Bill Walker to propose the ‘buy-out’ of TransCanada under SB138, a bill that passed under the last administration. After only a few days, it seems the best, and possibly the only, course moving forward on the proposed natural gasline for Alaska.
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Should Alaska buy out TransCanada in the AKLNG Project? That’s the question under consideration during this special session. Here’s a quick explanation. Please know you can always call me at my office at 269-0144 or on my cell at 360-4047 if you want to learn more.
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One week in to the third special session, and our time in Juneau has been focused on reviewing the complexities of the AK LNG pipeline project. The Governor called the Legislature into this special session to consider the buyout one of our partners in the project, TransCanada. Under the terms of our state’s agreement with TransCanada, the deadline for exercising the buyout option is December 31, 2015. I have learned a great deal about AK LNG since arriving in Juneau and want to share some of the more helpful presentations with you in this newsletter.
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Special session is here and the legislature is working to analyze the various options that are being put on the table for a potential Trans-Canada buyout. Trans Canada is our partner in the AKLNG project. This decision making process was put in place in 2014 when the legislature passed SB138.
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My colleagues in the Legislature and I have been called to the Capitol in Juneau for the third Special Session of the year. The Legislature must authorize certain key decisions that are vital if we are to move forward on the natural gas pipeline in a timely manner.
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