Senate passes bill for LNG trucking project

Mar 14, 2013 -- 9:50am


- JUNEAU, Alaska (AP) - The Senate has passed legislation meant to help advance efforts to bring gas to parts of Interior Alaska. SB23 would authorize the Alaska Industrial Development and Export Authority to provide up to $275 million in financing to develop, build and maintain a liquefied natural gas plant and distribution system. The goal of the bill, which passed Wednesday, is to help provide more affordable energy to Fairbanks-area residents.The Senate majority, in a news release, said the project is estimated to be operational in 2015 and expected to reduce heating costs by about 40 percent for those who convert from fuel oil to natural gas. This is seen as a near-term fix, as the state continues pursuing a natural gas line. Hearings have started on the House version of the bill.

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