Gasline Legislation Signed into Law
AGDC primed to advance in-state gasline for Alaskans
Tuesday, May 21, 2013, Anchorage, Alaska - Representative Mike Hawker, R-Anchorage, and House Speaker Mike Chenault, R-Nikiski, today applauded House Bill 4 becoming law. The legislation launches the Alaska Gasline Development Corp. (AGDC) into full-fledged action developing gas pipelines that connect Alaskans with Alaska’s natural gas.
Hawker and Chenault sponsored HB 4, which Gov. Parnell signed into law today.
HB 4 empowers AGDC to continue developing an instate gas pipeline from the North Slope to Fairbanks and Southcentral, providing clean, reliable, low-cost energy to Alaskans. At the same time, AGDC is now able to work with proponents of a larger export pipeline to see if the two projects can merge together, delivering optimal results for Alaskans.
“The Legislature has taken a critical step forward in securing a long-term energy solution for Alaskans,” Hawker said. “With the right tools now in hand, we have full confidence that AGDC’s expert team will advance this project with private sector participation, delivering on the decades-old promise to connect an Alaska resource with Alaskans.”
“AGDC’s team is ready to go, and now they can push a project forward with all the resources the Legislature provided in House Bill 4,” Chenault said. “Most importantly, we’ve taken politics out of the process. That is critical – it clears the way for the best, market-driven project, providing the best deal for Alaskans. It’s time to stop talking and start building.”
AGDC is planning an open season in 2014 to secure the long-term shipping contracts that would finance a pipeline. Construction would start in 2016, with gas to Alaskans in 2019.