The state could be facing some difficult decisions, and tight budgets, as it pursues a major liquefied natural gas project. Revenue Commissioner Angela Rodell told the House Resources Committee if the state pursued the project without TransCanada Corp. as a partner in the gas treatment plant and pipeline, its share of project costs during construction would be more than half the state's unrestricted general fund revenue. That assumes the fall revenue forecast for oil prices and production and the state taking a 20 percent equity stake in the project. With TransCanada involved, Rodell said the state would be giving up about $300 million in annual revenues compared to going it alone. While there's more upside to going it alone, she said that option presents very high risks.
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