• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
42s

Supreme Court affirms pipeline value decision

By Associated Press 5:43 PM February 19, 2014

The decision and the higher assessment is a victory for municipalities that tax the pipeline.

ANCHORAGE, Alaska (AP) – The Alaska Supreme Court has affirmed a lower court ruling that set the 2006 value of the trans-Alaska pipeline for tax purposes at nearly $10 billion.

Pipeline owners had argued for a lower figure of $850 million as the value for the 800-mile line and terminal facilities. Owners calculated the figure from fees they collect from oil shippers.

Superior Court Judge Sharon Gleason, who has since moved to the federal bench, ruled in favor of the higher number in May 2010.

Gleason said the pipeline enables production from North Slope oil fields. She calculated the higher number based on an estimated $18.7 billion replacement cost minus depreciation and other factors.

The decision and the higher assessment is a victory for municipalities that tax the pipeline.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • Politics

    Effort to revive stalled bill with sex ed provisions falters

    by Associated Press on May 04, 14:39

    An effort to revive a stalled education bill that limits who can teach sex education in public schools has faltered in the Alaska House. Wednesday marked the third time that the House has rejected a Senate rewrite of Rep. Wes Keller’s bill dealing with parental involvement in education and student testing. The Senate version calls […]

  • DayBreak

    Workforce Wednesday: Career exploration and workplace maturity

    by Daybreak Staff on May 04, 13:51

    From critical thinking and communication, to teamwork and time management, Excel Alaska helps students in rural, western Alaska learn critical “employability” skills. There, they’ll teach teens how to drive, budgeting, navigating public transportation, enabling independence and the ability to get to and from work. Cari-Ann Carty with Alaska Process Industry Careers Consortium said the program […]

  • Politics

    Alaska legislature passes bill for excess power program earnings

    by Associated Press on May 04, 12:09

    The Alaska Legislature has passed a bill that would divvy up any excess earnings from a fund set up to help rural areas faced with high electricity costs. The legislation would allow for 70 percent of excess earnings from the Power Cost Equalization endowment fund to be put to other uses. Of that percentage, any […]

  • News

    NTSB: Plane hit bald eagle before crashing in Chugiak, killing 4

    by KTVA CBS 11 News on May 04, 11:02

    New information has been released regarding the fatal April 20 plane crash that killed four people near the Birchwood airport in Chugiak. The plane apparently hit a young bald eagle before it crashed, according to new findings announced Wednesday by the National Transportation Safety Board. An investigation into the incident, which is still ongoing, revealed […]

  • Politics

    Rolling Stones ask Trump to stop playing their music at campaign events

    by Associated Press on May 04, 10:41

    The Rolling Stones have asked presumptive Republican presidential nominee Donald Trump to stop playing their songs at his campaign events. In a statement Wednesday, the rock band said they have not given permission to the Trump campaign to use their songs and “have requested that they cease all use immediately.” A Trump campaign spokeswoman didn’t […]

  • Politics

    AP Sources: Kasich ends White House bid; clears Trump’s path

    by Associated Press on May 04, 8:39

    WASHINGTON (AP) — John Kasich plans to end his bid for the White House, making Donald Trump the presumptive Republican nominee for president. Three campaign officials who spoke to The Associated Press said the Ohio governor plans to announce his decision in a statement from his home state later Wednesday. The officials spoke anonymously because […]

  • Politics

    House and Senate committee agrees to stricter sex ed provisions

    by Liz Raines on May 04, 8:22

    Part of a measure to restrict Planned Parenthood from teaching sex education in schools passed a joint House and Senate conference committee on Tuesday. House Bill 156 would require anyone instructing the topic and the proposed curriculum itself first be approved by a local school board. The proposal would give communities greater sway in allowing […]

  • Crime

    Mask artwork stolen from Juneau arts center

    by Associated Press on May 04, 8:09

    Authorities are investigating after a piece of artwork was reported stolen from the Juneau Arts & Culture Center. The Juneau Empire reports that center officials had called police Monday after finding that an alder mask of a mountain goat was missing. The piece by Juneau artist Sheila Dyer had been part of a monthly exhibit from […]