Morning Headlamp — AG Craig Richards to resign

According to the Alaska Journal of Commerce, Attorney General Craig Richards’ resignation is immediate. Deputy Attorney General Jim Cantor will take over as acting attorney general until Walker appoints a new one, according to a release from the governor’s office. Rutherford’s resignation is effective at the end of June. “I feel I need to re-focus on my family, which is impractical given the travel and workload requirements of the job. The Department of Law has top-notch lawyers, and I know the state is in good hands with these devoted public servants,” Richards said.

New Alaska Gasline Development Corp. president Keith Meyer says it’s time for the state to take a lead role in the megaproject from ExxonMobil. Meyer said it’s possible for the state to boost its 25 percent ownership share without boosting the state’s investment. In fact, it said, it’s possible for the state to own the entire line, yet invest very little. Headlamp continues to caution against taking the reins from an industry leader on such a multifaceted project…the state of Alaska has a history of snatching defeat from the arms of victory when pushing the private sector aside to build, own and/or operate a business. Are Alaskans ready to foot the bill for a multi-billion dollar project that is overseen by government? 

The Alaska Dispatch News reports that a petroleum fuel storage terminal at the Port of Anchorage is up for sale as part of an effort by the state to prevent monopolistic practices in the gasoline market, the Department of Law announced Tuesday. Tesoro, which acquired a  fuel terminal as part of a recent asset purchase from Flint Hills Resources, will now be required to sell one of it’s other terminals  under an agreement with the state. Ownership of the terminal, which contains 580,000 barrels of usable storage, gives Tesoro the power to prevent rival fuel importers from bringing gasoline through the Port of Anchorage, the state found.

 

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First Reads

Walker administration shuffled as AG, DNR commissioner step down
Alaska Journal of Commerce, Elwood Brehmer, June 24, 2016

New head of AKLNG calls for bigger Alaska role in gas line project
Alaska Dispatch News, Alex DeMarban, June 23, 2016

State acts to prevent Tesoro from gaining gasoline monopoly
Alaska Dispatch News, Jeannette Falsey, June 23, 2016

Congress continues to poke at the politically sensitive Pebble mine controversy
Alaska Dispatch News, Erica Martinson, June 24, 2016