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092181 1 (1979-10-15)

handle is hein.gao/gaobadxja0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OPFICE WASHINGTON, D.C. FOR RELEASE ON DELIVERY Expected at 9:45 a.m. Monday, October 15, 1979 STATEMENT OF J. DEXTER PEACH, DIRECTOR ENERGY AND MINERALS DIVISION BEFORE THE HOUSE SUBCOMMITTEE ON OVERSIGHT AND INVESTIGATIONS COMMITTEE ON INTERIOR AND INSULAR AFFAIRS Mr. Chairman: We appreciate your invitation to discuss sts for the Alaska Highway Gas Pipeline Projec B background information on the Project itself may be helpful. As you know, the Alaskan Natural Gas Transportation Act of 1976 was passed to expedite Federal actions, making possible a pipeline system to deliver North Slope Alaskan natural gas to U.S. markets. The President, in September 1977, recommended the Alaska Highway Gas Pipeline Project-- a 4,800-mile overland pipeline system--over two alternative proposals with a start-up date anticipated by January 1983. The President's decision was heavily influenced by the Project sponsors' assurance that the pipeline could be privately financed. Federal financial assistance was explicitly rejected by the President. The Congress approved this decision in November 1977 and--as part of its consideration of the President's National Energy Plan--later passed favorable gas pricing legislation [ h'€ 092181 0 9..,

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