"An Act relating to a natural gas pipeline with a terminus at the Cook Inlet Basin."

This bill amends legislation adopted last year that authorized use of Alaska Railroad bonds to construct a natural gas pipeline and related facilities.

The purpose of the legislation is to demonstrate that a natural gas pipeline from the Fairbanks area to the Cook Inlet Basin, following the Alaska Railroad right-of-way, is a viable route.

The Cook Inlet Basin holds the majority of the population of Alaska, who rely on natural gas for household consumption and also as a fuel for electrical generation.

Additionally, there is a billion dollar petrochemical industry along the Cook Inlet that relies heavily on natural gas.

# # #