II 112th CONGRESS 2d Session S. 3629 IN THE SENATE OF THE UNITED STATES November 14, 2012 Mr. Begich introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Alaska Natural Gas Pipeline Act to promote the availability of affordable, clean-burning natural gas to North American markets, and for other purposes.

1.

Short title

This Act may be cited as the Alaska Natural Gas Transportation Act of 2012.

2.

Definition of Alaska natural gas transportation project

Section 102 of the Alaska Natural Gas Pipeline Act (15 U.S.C. 720) is amended by striking paragraph (2) and inserting the following: (2)

Alaska natural gas transportation project

The term Alaska natural gas transportation project means— (A)any natural gas pipeline system that carries Alaska natural gas to a market (including related facilities subject to the jurisdiction of the Commission) that is authorized under— (i)the Alaska Natural Gas Transportation Act of 1976 (15 U.S.C. 719 et seq.); or (ii)section 103; and (B)any pipeline segment that the Commission finds could feasibly be incorporated into and serve as an integrated segment of the system described in subparagraph (A) (including the construction and operation of the segment), which shall be subject to this Act and the jurisdiction of the Commission under the Natural Gas Act (15 U.S.C. 717 et seq.), regardless of whether the segment— (i)is proposed and constructed prior to the construction of the entire system described in subparagraph (A); or (ii)initially transports Alaska natural gas solely for delivery to consumers within the State of Alaska. .

3.

Federal coordinator

Section 106(c) of the Alaska Natural Gas Pipeline Act (15 U.S.C. 720d(c)) is amended— (1)in paragraph (1), by striking and after the semicolon; (2)in paragraph (2), by striking the period at the end and inserting ; and; and (3)by adding at the end the following: (3)providing Federal agencies with comprehensive information about Alaska natural gas transportation projects, including industry developments, market factors, technology, and regulatory issues that could affect the Alaska natural gas transportation projects. .

4.

Definition of Alaska natural gas pipeline

Section 168(i)(16) of the Internal Revenue Code of 1986 is amended— (1)in the matter preceding subparagraph (A), by striking the State of Alaska and inserting the area in the State of Alaska lying north of 64 degrees North latitude, and (2)by striking subparagraph (A) and inserting the following: (A)carries Alaska natural gas from the area of the United States (within the meaning of section 638(1)) lying north of 64 degrees North latitude to a market, and .

5.

Location of gas treatment plants

Section 43(c)(1)(D) of the Internal Revenue Code of 1986 is amended— (1)by striking clause (i), and (2)by redesignating clauses (ii) and (iii) as clauses (i) and (ii), respectively.