Alaska Industrial Development and Export Authority

Pentex Natural Gas Co.

Updated: The Interior Gas Utility board of directors this morning unanimously approved an agreement to further explore an offer by a Cook Inlet natural gas-supplier. IGU’s top executive says the company has proposed to provide gas to the utility at a better price with a longer-term contract than the present arrangement with Anchorage-based Hilcorp. But that’s about all the utility’s officials would say about the proposal.


AIDEA

A senior official with the Alaska Economic Development and Export Authority says the proposed road to the Ambler Mining District in Northwest Alaska will be built only if the state gets firm financial commitments from companies that’ve expressed interest in the area. The AIDEA official told a group Wednesday at the Alaska Mining Association biennial conference that the state also would use that public-private partnership to improve the road, if more mining companies find additional deposits to develop in the area.


KUAC file photo

Golden Valley Electric Association’s chief executive says repair work on the co-op’s problem-plagued Healy 2 powerplant should be completed next month. And if all goes well, President and CEO Cory Borgeson says the coal-fired powerplant will be restarted in May.

APRN file photo

The Interior Gas Utility board of directors agreed Tuesday to review a proposal to develop an another source of natural gas for its Fairbanks-area customers, in addition to its existing arrangement to bring Cook Inlet gas into the Interior.

Interior Gas Utility

In its first regular meeting of the new year, the Interior Gas Utility board of directors approved a budget Tuesday to finance operations for the remainder of the fiscal year, swore-in a new member and elected a new chairperson and slate of officers.


Mat-Su Valley Frontiersman

The Alaska Industrial Development and Export Authority’s board of directors on Thursday approved selling Pentex Alaska Natural Gas Company and its assets, including Fairbanks Natural Gas, to the Interior Gas Utility.


Tim Ellis/KUAC

The Interior Gas Utility’s board of directors approved a nearly $60 million deal Tuesday to buy Pentex Alaska and its natural gas processing, storage and transportation assets. The board’s vote is the first step toward the IGU’s $346 million plan to buy and build a gas utility for the Fairbanks area. The deal now awaits final approval by the Alaska Industrial Development and Export Authority’s board of directors.

Tim Ellis/KUAC

About 60 people showed up Thursday night to tell the Interior Gas Utility’s board of directors what they think about the IGU’s proposed $331 million deal to launch and operate a public natural-gas utility. Those who spoke expressed a range of opinions that gave board members a lot to think about as they prepare for a critical vote on the deal Tuesday.


Tim Ellis/KUAC

The Interior Gas Utility’s general manager and board chairman held the first of two sessions Tuesday intended to help the public understand the IGU’s $59.5 million proposal to buy Pentex Alaska LNG Co., the parent company of Fairbanks Natural Gas and its LNG-processing and storage facilities in Southcentral. The IGU board is scheduled to vote on the deal on Dec. 5.


Tim Ellis/KUAC

About 70 people turned out Thursday night for a meeting in Fairbanks to talk about the proposed Ambler Road project. That’s the 211-mile two-lane gravel roadway the Alaska Industrial Development and Export Authority is proposing to build from the Dalton Highway to a mineral-rich site near the village of Ambler, in the northwest corner of the state. Backers of the project say it’ll create jobs and other economic benefits for the region and the state. Opponents say it’s a fiscal boondoggle that’ll bring pollution, disrupt habitat and harm subsistence hunting and fishing.


Pages