AGDC tells House panel state retains 25% of 8 Star Alaska; proposes Alaskan investment vehicle At a Feb. 17 House Finance DCCED subcommittee hearing, Alaska Gas Line Development Corporation President Frank Richards said AGDC retains a non‑dilutable 25% ownership interest in 8 Star Alaska while GlenFarm holds 75%; AGDC outlined a special‑purpose subsidiary to let Alaskans invest and described a lean operating budget and limited staff resources.

Alaska retains a crucial 25% stake in the 8 Star Alaska project, paving the way for a unique investment opportunity for its residents—what does it mean for the state's future?

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