On the recordJune 14, 1996
I introduced the bill late yesterday, and I did not have an opportunity to speak on it. This particular piece of legislation would provide for timber contract extension. The bill would extend for 15 years the long-term timber sale contract on the Tongass National Forest between the Forest Service and the Ketchikan Pulp Corp. which is a subsidiary of Louisiana Pacific. This extension would provide Ketchikan Pulp with a stable timber supply over a sufficient length of time to amortize the cost of a new environmentally improved pulp mill. Improvements and energy efficiency equipment would be installed at a cost of somewhere between $150 million and $200 million. It is interesting to reflect that when this mill was first built back in the mid-fifties the total cost of the mill was somewhere in the area of $55 million. In any event, Ketchikan Pulp Corp.'s situation is extremely unique because all of its timber comes from the national forest.
Source
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