2014-03-18                     Senate Journal                      Page 2048
YEAS:  7   NAYS:  13   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Egan, Ellis, French, Gardner, Olson, Stedman, Wielechowski                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Dunleavy, Dyson, Fairclough, Giessel,                                                                   
Hoffman, Huggins, Kelly, McGuire, Meyer, Micciche, Stevens                                                                      
                                                                                                                                
and so, Amendment No. 6 failed.                                                                                                 
                                                                                                                                
Senators Wielechowski, Ellis, French, Gardner offered Amendment                                                                 
No. 7 :                                                                                                                          
                                                                                                                                
Page 1, line 7, following "on gas;":                                                                                          
     Insert "relating to contracts associated with a North Slope                                                              
natural gas project;"                                                                                                         
                                                                                                                                
Page 15, following line 30:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 16. AS 38.05 is amended by adding a new section to read:                                                              
          Sec. 38.05.023. Agreements and contracts associated with                                                            
     a North Slope natural gas project. (a) An agreement or contract                                                          
     associated with a North Slope natural gas project to which the                                                             
     state is a party must require that a party to the agreement or                                                             
     contract that has an equity interest of five percent or more in the                                                        
     Alaska liquefied natural gas project or a component of the Alaska                                                          
     liquefied natural gas project expand the Alaska liquefied natural                                                          
     gas project or a component of the Alaska liquefied natural gas                                                             
     project in reasonable engineering increments when there is                                                                 
     sufficient commercial interest in the expansion. The requirement                                                           
     to expand in this subsection is subject to the limitation that a party                                                     
     is not required to pay a cost of expansion that increases the tariff,                                                      
     cost of service, or cost of transportation, as applicable to that part                                                     
     of the North Slope natural gas project that is expanded, by more                                                           
     than 15 percent.                                                                                                           
          (b)  In this section,                                                                                                 
              (1)  "Alaska liquefied natural gas project" has the                                                               
     meaning given in AS 31.25.390;                                                                                             
              (2)  "component" means a gas pipeline, gas treatment                                                              
     plant, liquefied natural gas plant, marine terminal, Point Thomson                                                         
     unit gas transmission line, or Prudhoe Bay unit gas transmission                                                           
     line, as those parts of the Alaska liquefied natural gas project are                                                       
     described in AS 31.25.390;