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Representative Beverly Masek: State Capitol, Room 128 Juneau, AK 99801-1182 Phone: (907) 465-2679 Fax: (907) 465-4822 Send E-Mail |
Representative Bill Hudson: State Capitol, Room 108 Juneau, AK 99801-1182 Phone: (907) 465-3744 Fax: (907) 465-2273 Send E-Mail |
| For Immediate Release: March 29, 2000 | |
| Contact: | Lorali Meier, Legislative Aide to the House Resources Committee at (907) 465-3715. |
Juneau -- Tuesday the House Finance Committee passed out a committee substitute for House Bill 290 Stranded Gas Pipeline Carriers.
The House Finance Committee adopted an amendment that set in statute the tariff methodology for a North Slope natural gas pipeline system. Although not required to operate under the Public Utilities Act, a North Slope natural gas pipeline system will have to design and collect its tariff for intrastate transportation as if that portion of its pipeline was a public utility.
"This is the first time a pipeline in the State of Alaska will be required to use a utility rate making methodology while operating under the Pipeline Act," explained Representative Masek (R-Willow). "The Regulatory Commission of Alaska has the authority to set the tariff methodology, however, we have heard strong testimony from them that they would like statutorial guidance to which methodology to use" Representative Masek further explained.
"We hope to have HB 290 on the House floor later this week. This legislative session is running full force and I am working fervently to see HB 290 pass the legislature before adjournment. It is imperative that any potential project sponsor be able to go to market this summer and bring back contracts to export our North Slope natural gas," Representative Masek said.
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