Legislature(2007 - 2008)TERRY MILLER GYM
06/04/2008 10:00 AM House RULES
| Audio | Topic |
|---|---|
| Start | |
| HB3001 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | HB3001 | TELECONFERENCED | |
ALASKA STATE LEGISLATURE
HOUSE RULES STANDING COMMITTEE
June 4, 2008
9:03 a.m.
MEMBERS PRESENT
Representative John Coghill, Chair
Representative John Harris
Representative Anna Fairclough
Representative Craig Johnson
Representative Ralph Samuels
Representative Beth Kerttula
Representative David Guttenberg
MEMBERS ABSENT
All members present
OTHER LEGISLATORS PRESENT
Representative Paul Seaton
COMMITTEE CALENDAR
HOUSE BILL NO. 3001
"An Act approving issuance of a license by the commissioner of
revenue and the commissioner of natural resources to TransCanada
Alaska Company, LLC and Foothills Pipe Lines Ltd., jointly as
licensee, under the Alaska Gasline Inducement Act; and providing
for an effective date."
- SUBCOMMITTEE ASSIGNED
PREVIOUS COMMITTEE ACTION
BILL: HB3001
SHORT TITLE: APPROVING AGIA LICENSE
SPONSOR(s): RULES BY REQUEST OF THE GOVERNOR
06/03/08 (H) READ THE FIRST TIME - REFERRALS
06/03/08 (H) RLS
06/03/08 (H) WRITTEN FINDINGS & DETERMINATION
06/04/08 (H) RLS AT 9:00 AM CAPITOL 120
WITNESS REGISTER
No witnesses to record
ACTION NARRATIVE
CHAIR JOHN COGHILL called the House Rules Standing Committee
meeting to order at 9:03:11 AM. Representatives Coghill,
Harris, Fairclough, Johnson, Samuels, Guttenberg, and Kerttula
were present at the call to order. Also in attendance was
Representative Seaton.
HB3001-APPROVING AGIA LICENSE
9:03:25 AM
CHAIR COGHILL announced that the only order of business would be
HOUSE BILL NO. 3001, "An Act approving issuance of a license by
the commissioner of revenue and the commissioner of natural
resources to TransCanada Alaska Company, LLC and Foothills Pipe
Lines Ltd., jointly as licensee, under the Alaska Gasline
Inducement Act; and providing for an effective date."
CHAIR COGHILL explained that the plan is to assign a
subcommittee that will facilitate the proceedings scheduled to
consider the findings and determinations of the Alaska Gasline
Inducement Act (AGIA) by the entire legislature. The intention,
he relayed, is to keep HB 3001 in the House Rules Standing
Committee while the presentations and public comment occur.
9:04:04 AM
CHAIR COGHILL announced that members of the subcommittee on AGIA
will be Representatives Harris, chair, Samuels, vice chair, and
Kerttula. He explained that if Representatives Harris or
Samuels are unable to attend a hearing, he will attend in their
stead. There was no objection to the aforementioned
subcommittee membership. He then noted the meetings in Juneau
will be held in the Terry Miller Legislative Office Building.
9:05:31 AM
REPRESENTATIVE KERTTULA reiterated that the subcommittee merely
facilitates the meetings, and added that all members will be
allowed to participate in the meetings in a fashion similar to a
committee of the whole.
CHAIR COGHILL noted his agreement, and added that the intention
is to ensure all legislators are as informed as possible with
regard to making the decision whether to accept or reject the
proposal from the TransCanada Alaska Company, LLC (TransCanada)
[and Foothills Pipe Lines Ltd.] proposal to the governor under
AGIA. He reiterated that HB 3001 would be held in committee.
9:06:22 AM
REPRESENTATIVE SAMUELS informed the committee that the following
consultants to the Legislative Budget and Audit Committee are
present today: Barry Pulliam, Econ One Research, Inc.; Lesa
Adair, Muse Stancil and Company; and Dan Dickinson.
Additionally, Dr. John Neary and Bill Mogel, Attorney, Saul
Ewing LLP, Federal Energy Regulatory Commission (FERC) are in
town and will be able to provide comments regarding rate making.
9:07:41 AM
CHAIR COGHILL noted that the House will meet jointly with the
Senate Special Committee on Energy.
9:07:57 AM
REPRESENTATIVE KERTTULA, recalling some of the benefits of
holding round table meetings on past issues, related that she
likes the idea of round table meetings. Therefore, she asked if
there would be an opportunity at some point to hold meetings
that include the administration and the producers.
REPRESENTATIVE SAMUELS said that he hasn't had any conversations
with the producers regarding participation in this process.
However, an invitation was extended to ConocoPhillips Alaska,
Inc., to review its Denali Project at various locations.
Representative Samuels pointed out that all the consultants
won't attend every meeting throughout the state. Once the
meetings throughout the state have ended, all those who are
available can meet together in Juneau after July 4th.
9:09:36 AM
REPRESENTATIVE HARRIS welcomed those from TransCanada to this
open and transparent process, which he said is best accomplished
by having all sides at the table and presenting the facts.
9:10:43 AM
REPRESENTATIVE FAIRCLOUGH, recalling the administration's
presentation of TransCanada's proposal, expressed the need to
challenge the economic models. She related that there was some
concern that the administration was presenting under the Monte
Carlo concept, economics that weren't how the return on
investments is actually calculated.
REPRESENTATIVE SAMUELS opined that various consultants and
economists may provide different answers. Representative
Samuels further opined that everyone, including ExxonMobil
Corporation, TransCanada, and the administration do their
economics differently. However, one can't discount how a given
entity views the situation. He said that the consultants can be
asked to analyze whatever is desired, but [there must be some
structure to the request process].
9:12:31 AM
REPRESENTATIVE FAIRCLOUGH specified that the issue was that the
criteria or the toggles are different. The Monte Carlo approach
had factors that she viewed as valuable, including time and the
value of money. However, she said she was told that the
McKenzie Woods report used different criteria. Therefore, she
inquired as to the underlying criteria and how it was weighted.
9:13:10 AM
REPRESENTATIVE JOHNSON surmised then that Representative Samuels
wanted requests/questions to go through his office.
REPRESENTATIVE SAMUELS suggested that questions can be asked
directly to the consultants, but model analyzation requests or
similar requests should go through Representative Samuels'
office. He noted that all questions and answers will be put on
the Legislative Budget and Audit Committee web site.
9:14:43 AM
CHAIR COGHILL requested that questions given to subcommittee
members are brought forward during [the forthcoming meetings].
9:15:10 AM
REPRESENTATIVE GUTTENBERG inquired as to who will facilitate the
joint meetings.
CHAIR COGHILL answered that it'll be a combination of the House
& Senate with Representative Harris or Samuels and Senator
Huggins helping to facilitate the meetings.
9:16:07 AM
REPRESENTATIVE HARRIS explained that although HB 3001 has a
couple of fiscal notes, it wasn't sent to the House Finance
Committee because there is no appropriations legislation
attached. Therefore, the fiscal notes are hollow, based upon
future appropriations legislation that would provide for
disbursement of the funds.
[HB 3001 was held over.]
9:17:06 AM
ADJOURNMENT
There being no further business before the committee, the House
Rules Standing Committee meeting was adjourned at 9:17 a.m.
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