Gasline Debt Issue

 

Alaska's credit rating could take a hit if the group behind an in–state natural gas line can't meet its obligations.

So says Joe Dubler, vice president and chief financial officer for the Alaska Gasline Development Corp.

He told House Finance it would be a "big problem" for Alaska's credit rating if the state failed to recapitalize a proposed reserve fund to help AGDC meet its debt obligations.

An aide to Rep. Mike Hawker said the bill's sponsors were prepared to offer an amendment to address concerns surrounding that.

It's not clear to what extent, or whether, the fund might be used.

The committee's hearing HB4, which supporters say would help AGDC get to a point where it could determine project interest.

Critics say it would give AGDC too much power.