Alaska Permanent Fund Corp., Juneau, issued an RFP for a consultant to advise the fund on taking a minority stake in a natural gas pipeline that would run from Alaska's North Slope to the Midwest U.S.
ConocoPhillips, British Petroleum and ExxonMobil have proposed building the pipeline, which would cost an estimated $13 billion to $20 billion and could bring a total of up 130 trillion cubic feet of natural gas to the Midwest. Under one scenario, the state of Alaska would take a 20% stake in the pipeline. The state's investment, which is undefined, could be funded by 20% cash and 80% financing. The $33.7 billion Alaska Permanent Fund Corp. might contribute half of the state's overall investment, according to the RFP, which can be found at www.apfc.org/iceimages/pressroom/2006_2_RFP.pdf.
The investment consultant would provide education, investment analysis and guidance to the fund on its role. Prospective consultants must register by e-mail with Kathy Thatcher, procurement officer, by March 1 at [email protected] to receive subsequent amendments to the RFP. Proposals are due by March 20, and a selection is slated for April 5.