The third special session has concluded and the Legislature has voted to buy out TransCanada from the AK LNG project. The time spent in Juneau was informative both about gasline issues and about the long-term fiscal plan for the State. I hope everyone has a great weekend and stays safe on the icy roads!
Yesterday the House voted on and passed SB3001, the buyout of TransCanada, by a vote of 39-0. The legislation now goes to the Governor for his signature. The third special session lasted 12 days and featured numerous presentations from the Governor’s cabinet, industry representatives, and state experts. In the end, both the House and the Senate agreed to the Governor’s request for $160 million to increase Alaska’s ownership of the AKLNG project.
After 12 days, the Third Special Session is finally over. I attended House Finance Committee hearings every day while in Juneau, even on weekends. We heard from many key members of the Walker Administration as well as consultants explaining why it was the right choice was to buy out TransCanada’s 12.5 percent share of the AKLNG project.
