Alaska Legislative Budget and Audit Committee

Category

Stranded Gas

23rd Legislature Interim Hearings: October 2004

LB&A Committee Agenda – Senate Resources Committee
Hearing on Gas Pipeline Costs and Tariffs, Alaska Natural Gas Pipeline

October 13-14, 2004

On October 13 and 14, 2004, the Legislative Budget & Audit Committee and Senate Resources Committee will conduct a joint hearing on Alaska natural gas pipeline issues. The hearing will be held in Anchorage at the Legislative Information Offices, 716 West Fourth Avenue, in the second floor conference room. The schedule for the hearing is set forth below. Times and subject matters are subject to change to accommodate the various speakers, as well as the information needs of the Legislative Budget & Audit and Senate Resources Committees.

October 13 Full Minutes

9:30 Alaska Project Discussion
From the Administration:
Governor Frank Murkowski, with supporting testimony by Pedro van Meurs (Dr.), Van Meurs & Associates
Minutes
Presentation 1
Presentation 2

12:00 Lunch

1:30 State Participation in the Risks and Rewards of a Gas Pipeline Project
From UBS Financial Services:
James W. Ziglar, Managing Director and Chief Business Strategist, Municipal Securities Group;
Robert F. Doherty, Managing Director & Co-Head, National Infrastructure Group;
Charles M. Davis, Managing Director, UBS Investment Bank;
James E. Scott, Managing Director;
Joe E. Forrester, Managing Director
Minutes
Presentation 1

3:15 Break

3:30 State Participation in the Risks and Rewards of a Gas Pipeline Project (continued)

4:30 Non-Recourse Bonds, Federal Loan Guarantees, and Innovative Financing by Host Governments
From Lehman Brothers:
Philip Korot, Senior Vice President, Lehman Brothers
Robert Milius, Senior Vice President, Lehman Brothers
Minutes
Presentation 1

October 14 Full Minutes

9:00 The Process of and Criteria Used in Making a Decision on Whether to Invest in a Pipeline Project
Ron Brintnell, Director of Gas Pipeline Development, Enbridge
Minutes
Presentation 1

9:30 The Process of and Criteria Used in Making a Decision on Whether to Invest in an Upstream or Midstream Project
Ken Thompson, Past Executive Vice President, ARCO, Past President, ARCO Alaska
Joe Marushack, Vice President of Alaska Gas Development, ConocoPhillips Alaska, on behalf of BP, ConocoPhillips, and ExxonMobil
Minutes
Presentation 1
Presentation 2

11:30 Economic Impacts of Alaskan Ownership of an Interest in an Alaska Natural Gas Project
Ken Thompson, President and Chief Executive Officer, Pacific Star Energy
Minutes
Presentation 1

12:00 Lunch

1:30 Getting a Job on the Pipeline—How Many People, With What Skills, and During Which Phase of Construction or Operation?
Tony Palmer, Vice President, Alaska Business Development, TransCanada
Minutes
Presentation 1

2:15 Training and Hiring Alaskans for a Gas Pipeline
Greg O’Claray, Commissioner, Alaska Dept. of Labor and Workforce Development
Mike Andrews, Director, Alaska Works Partnership, Dept. of Labor and Workforce Development
Andy Baker, Chair, Alaska Workforce Investment Board (AWIB)
Jim Sampson, President, AFL-CIO Alaska
Jim Laiti, Business Manager, Plumbers and Pipefitters Local 375
Click Bishop, Member, Executive Board, Operating Engineers Local 302
Mike Gallagher, Business Manager/Secretary-Treasurer, Laborers’ Local 341
John Kanabe, Training Director, Plumbers and Pipefitters Local 375
Tim Sharp, Business Manager, Laborers Local 942
Joe Mahaney, Teamsters Local 959
Dick Cattanach, Executive Director, Associated General Contractors
Minutes

3:45 Roundtable Discussion Among Legislators
Minutes

24th Legislature: 1st Session, Hearings/Work Sessions: August 31, 2005

LB&A Committee Agenda – Interim Hearings
Alaska Natural Gas Pipeline Economics

August 31, 2005

On Wednesday August 31, 2005 the Legislative Budget & Audit Committee will conduct a hearing on Alaska natural gas pipeline economics. The hearing will be held in Anchorage at the Legislative Building, 716 West Fourth Avenue, in the second floor conference room. The schedule for the hearing is set forth below.

Full Minutes

9:30 Introduction of the Legislature’s Gas Pipeline Economic Consultants:
Jeffrey Leitzinger, Ph.D., President, Econ One Research, Inc.
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Minutes
Presentation 1

9:59 Alaska Gas’ Position in the Marketplace
Rick Harper, Consultant, Econ One Research, Inc.
Minutes
Presentation 2

10:42 Natural Gas Prices and Tariffs
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Rick Harper, Consultant, Econ One Research, Inc.
Anthony Finizza, Ph.D., Consultant, Econ One Research, Inc.
Minutes
Presentation 3

11:27 Return on Capital & Cost of Capital: Petroleum & Natural Gas Pipeline Companies
Jeffrey Leitzinger, Ph.D., President, Econ One Research, Inc.
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Anthony Finizza, Ph.D., Consultant, Econ One Research, Inc.
Minutes
Presentation 4

12:15 Lunch Break

1:36 Investment Decision-Making by Oil and Gas Companies
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Anthony Finizza, Ph.D., Consultant, Econ One Research, Inc.
Minutes
Presentation 5

2:06 Analysis of Project Viability with Vertical Components
Jeffrey Leitzinger, Ph.D., President, Econ One Research, Inc.
Minutes
Presentation 6

2:42 Net Present Value, Rate of Return, and Profitability Index on Producer Investments
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Minutes
Presentation 7

3:55 Impact on State and Municipal Economics from Delay in Gas Pipeline’s In-Service Date
Jeffrey Leitzinger, Ph.D., President, Econ One Research, Inc.
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Rick Harper, Consultant, Econ One Research, Inc.
Anthony Finizza, Ph.D., Consultant, Econ One Research, Inc.
Minutes
Presentation 8

4:04 Impact on Net Present Value, Rate of Return, and Profitability Ratio from Increase in Gas Production Severance Tax
Barry Pulliam, Senior Economist, Econ One Research, Inc.
Minutes
Presentation 9

4:28 Executive Session

24th Legislature: 1st Session, Hearings/Work Sessions: January 21, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

January 21, 2005

Full Minutes

8:00 Informal Work Session on Stranded Gas Development Act Issues

Bonnie Robson, Consultant to Legislative Budget and Audit Committee, Alaska State Legislature
Minutes

24th Legislature: 1st Session, Hearings/Work Sessions: January 26, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

January 26, 2005

Full Minutes

1:25 Presentation from Alaska Gasline Port Authority

Jim Whitaker, Chairman, Alaska Gasline Port Authority
Darcel Hulse, President, Sempra LNG
Rigdon Boykin, Attorney at Law for O’Melvany & Myers and Special Counsel for Alaska Gasline Port Authority
Minutes

24th Legislature: 1st Session, Hearings/Work Sessions: February 11, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

February 11, 2005

Full Minutes

8:10 Informal Work Session: Federal Energy Regulatory Commission (FERC) Order #2005

Donald C. Shepler, Counsel, Legislative Budget and Audit Committee, Alaska State Legislature
Minutes

24th Legislature: 1st Session, Hearings/Work Sessions: April 20, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

April 20, 2005

Full Minutes

3:40 Informal Work Session on ANS Gas Lessees and the Duty to Produce

Spencer Hosie, Attorney at Law for Hosie McArthur and Consultant to Department of Law;
Rick Halford, Governmental Relations, Alaska Gasline Port Authority;
W. Mark Cotham, Attorney at Law for Cotham, Harwell & Evans and Counsel for Alaska Gasline Port Authority
Minutes
Presentation 1
Presentation 2

24th Legislature: 1st Session, Hearings/Work Sessions: May 6, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

May 6, 2005

Full Minutes

8:12 Discussion of Litigation Regarding FERC Order #2005

Donald C. Shepler, Counsel, Legislative Budget and Audit Committee, Alaska State Legislature
Minutes

24th Legislature: 1st Session, Hearings/Work Sessions: May 11, 2005

LB&A Committee Agenda
Alaska Natural Gas Pipeline

May 11, 2005

Full Minutes

1:12 Gas Pipeline Panel Discussion – Federal Agency Representatives

Mark Maddox, Principal Deputy Assistant Secretary, Office of Fossil Energy, U.S. Department of Energy;
Robert Cupina, Deputy Director, Office of Energy Projects, Federal Energy Regulatory Commission;
Drue Pearce, Senior Advisor to the Secretary for Alaska Affairs, U.S. Department of the Interior
Minutes

24th Legislature: 2nd Session, 2nd Special Session, and Interim: June 15, 2006

LB&A Committee Meeting
Alaska Natural Gas Pipeline

June 15, 2006

Full Minutes (Audio)

10:00 AM Committee Meeting on Stranded Gas Development Act

Barry Pulliam, Econ One Research, Inc., Impact of Fiscal Terms (Presentation)
Dr. Jeffrey Leitzinger, Econ One Research, Inc., Evaluating the Fiscal Bargain (Presentation)
Dr. Anthony Finizza, Econ One Research, Inc., LNG Project (Presentation)

Break for Lunch

1:00 PM Daniel Johnston, Legislative Consultant Presentation (Presentation)

Roundtable Discussion

Legislature
Barry Pulliam, Senior Economist
Dr. Anthony Finnizza, Consultant
Dr. Jeffrey Leitzinger, President

Administration
Mr. Dan Dickinson, Consultant,
Mr. Ken Griffith, DNR,
Ms. Bonnie Harris, LAW

Industry
Marianne Kah, ConocoPhillips
Bill McCann, Exxon Mobile Corp.
Dave Van Tuyl, BP

24th Legislature: 2nd Session, 2nd Special Session, and Interim : May 21, 2006

LB&A Committee Work Session
Alaska Natural Gas Pipeline

May 21, 2006

May 21
Full Minutes (Text/PDF)
Full Minutes (Audio)

6:15 PM Informal Work Session on Stranded Gas Development Act
Rick Harper, Econ One Research, Inc
James Barnes, Barnes & Casci, LLP (Presentation)
Don Shepler, Greenberg Traurig, LLP (Presentation)
James Eason, James E. Eason, Consulting

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