Legislature(2009 - 2010)

2009-03-12 House Journal

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2009-03-12                     House Journal                      Page 0435
HCR 12                                                                                                                        
HOUSE CONCURRENT RESOLUTION NO. 12 by Representatives                                                                           
Ramras and Johnson:                                                                                                             
     Requesting that the governor and the attorney general review and                                                           
     reevaluate the license issued to TransCanada Alaska Company,                                                               
     LLC, and Foothills Pipe Lines Ltd., jointly as licensee, under the                                                         
     Alaska Gasline Inducement Act to determine whether the project                                                             
     proposed by the licensee sufficiently maximizes the benefits to the                                                        
     people of the state and merits continuing the license, taking into                                                         
     consideration economic changes affecting project financing, the                                                            
     availability of liquefied natural gas and natural gas from                                                                 
     nonconventional sources, the state's risk of paying treble damages                                                         
     associated with an in-state gas pipeline, and the expected budget                                                          
     deficit; and requesting that the governor and the attorney general                                                         
     report the outcome of the review and reevaluation within six                                                               
was read the first time and referred to the House Special Committee on                                                          
Energy and the Resources Committee.