AGDC and developer presenters describe new powers, bond fund and confidentiality concerns

Adam Prestige, speaking for Glenfern/Glenfarn and the developer side, and Matt Kissinger, commercial director for the Alaska Gasline Development Corporation (AGDC), reviewed Senate Finance's changes tied to AGDC authorities and project financing. Kissinger described a new Alaska LNG project bond fund intended to receive project revenues and pay revenue bond holders, and noted statutory mechanics would require AGDC to account for assets and provide legislative notice in some transfer scenarios. "This would be a new fund, in place for revenues to go into, and then directly pay the revenue bond holders," Kissinger said.