KTUU.com | Alaska's news and information source | French introduces tax credit bill for natural gas storage
Member Center:
by Megan Baldino
Monday, November 02, 2009
ANCHORAGE, Alaska -- Anchorage Sen. Hollis French proposed a tax credit to those willing to build a natural gas storage facility for Cook Inlet.
French says the idea is to get the conversation started with a draft bill he introduced Monday.
He says a storage facility is needed in Southcentral to help with possible rolling blackouts because of a problem with delivering enough gas on peak usage days.
"The bill is sort of a conversation starter so we can have a long, in-depth examination of these facilities and make sure everyone is getting a fair deal at the end of the day," French said.
The bill would offer companies a 20 percent tax credit if they built a storage facility that all the utilities could use.
Enstar says it is encouraged by the news and will be following the bill closely.
Contact Megan Baldino at mbaldino@ktuu.com
Comments Terms of Use: We welcome your participation in our community. Please keep your comments civil and on point. You must be at least 13 years of age to post comments. By submitting a comment, you agree to these
Terms of Service
You must be logged in to leave a comment. Login or register See all comments |
