03/14/2002 10:08 AM House O&G

                    ALASKA STATE LEGISLATURE                                                                                  
             HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                           
                         March 14, 2002                                                                                         
                           10:08 a.m.                                                                                           
                                                                                                                                
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
OVERVIEW: YUKON PACIFIC CORPORATION                                                                                             
                                                                                                                                
TAPES                                                                                                                         
                                                                                                                                
02-14, SIDE(S) A                                                                                                                
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
REPRESENTATIVE  SCOTT  OGAN, Chair,  called  the  meeting of  the                                                               
House Special  Committee on  Oil and  Gas and  to order  at 10:08                                                               
a.m.   [For minutes  on HB  410 and  HB 423,  see the  10:44 a.m.                                                               
minutes for this date.]                                                                                                         
                                                                                                                                
PRESENT                                                                                                                       
                                                                                                                                
Members   present  were   Representatives   Ogan,  Dyson,   Fate,                                                               
Chenault, Kohring, Joule, and Guess.                                                                                            
                                                                                                                                
SUMMARY OF INFORMATION                                                                                                        
                                                                                                                                
PAUL FUHS, Lobbyist  for Yukon Pacific Corporation  (YPC), gave a                                                               
PowerPoint   briefing,   accompanied    by   a   handout   titled                                                               
"Presentation  on the  TAGS  Small Project,"  based  on a  Trans-                                                               
Alaska Gas System using a  30-inch pipeline.  Discussion included                                                               
the history  of YPC in  Alaska, major permits in  place, detailed                                                               
economic models, three products -  methane, ethane, and propane -                                                               
going  to  six markets,  the  facility  in Valdez,  capital  cost                                                               
estimates, gas  available for  in-state use, and  a spur  line to                                                               
Anchorage.                                                                                                                      
                                                                                                                                
ANNOUNCEMENTS                                                                                                                 
                                                                                                                                
There were no announcements.                                                                                                    
                                                                                                                                
COMMITTEE ACTION                                                                                                              
                                                                                                                                
The committee took no action.                                                                                                   
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
CHAIR OGAN  recessed the House  Special Committee on Oil  and Gas                                                               
meeting at 10:42 a.m. in order  to prepare for the hearings on HB
 and  HB 423.   [For  minutes on HB  410 and  HB 423,  see the                                                               
10:44 a.m. minutes for this date.]                                                                                              
                                                                                                                                
NOTE:   The meeting was  recorded and handwritten log  notes were                                                               
taken.  A  copy of the tape(s)  and log notes may  be obtained by                                                               
contacting the  House Records  Office at  State Capitol,  Room 3,                                                               
Juneau,  Alaska  99801  (mailing address),  (907)  465-2214,  and                                                               
after  adjournment of  the second  session  of the  Twenty-Second                                                               
Alaska  State Legislature  this  information may  be obtained  by                                                               
contacting the Legislative Reference Library at (907) 465-3808.