Sean Parnell Announced that State to terminate Partnership with TransCanada under AGIA

Sean Parnell announced on Friday at an Alaska Support Industry Alliance gathering in Anchorage, the state will terminate its partnership with TransCanada under the Alaska Gasline Inducement Act (AGIA). Parnell also announced that the state will pursue an equity stake in the Alaska gas line.
He said, "As a partner in the gas line project, Alaska will control its own destiny." "Ownership ensures we either pay ourselves for project services or negotiate and ensure the lowest possible costs.  As a partner, Alaskans stand to gain more."
Taking an equity stake in the gas line project would allow the state to receive a share of the profits throughout the entirety of the project stated Parnell.
He mentioned, "Ownership ensures we either pays ourselves for project services or, at the very least, understand, negotiate and ensure the lowest possible costs."
Last year a report commissioned by the state supported the idea of the state taking a 20 to 30 percent stake in the project.  With an approximate cost of $45 billion, that would stand for an investment of at least $9 billion from the state.
The governor said that North Slope producers are on board with the idea of Alaska having ownership of the gas line because it diminishes their capital costs.