Committee flags short window for a potential state equity buy‑in after FID
AGDC told the committee it negotiated a six‑month preemptive window after financial close for the state to elect equity (up to 25%); lawmakers warned six months may be short given legislative calendars and suggested 12 months would be more practical, while AGDC said longer windows raise investor costs.
The full story
AGDC told the House Finance Committee on May 27 that its definitive agreements with the project developer include preemptive rights that allow the state to elect an equity stake in the project vehicle for up to six months after financial close. Committee members raised concerns that a six‑month decision window could force a significant state policy choice into a short legislative timetable.
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