Alaska Industrial Development and Export Authority

Interior Gas Utility

The Interior Gas Utility board of directors on Tuesday authorized the utility’s general manager to execute contracts or make changes to them to complete construction of a 5.25-million gallon LNG storage tank now under construction in Fairbanks.

IGU, Frank Flavin Photography

The Interior Gas Utility’s board of directors continues to wrestle with a company’s proposal to supply natural gas for Fairbanks, as an alternative to the IGU’s plan to spend $46 million to upgrade an aging LNG plant at Point McKenzie. The board’s been considering the offer by Siemens Government Technologies since company officials first pitched the idea to the IGU in May. But on Tuesday, the board voted to demand answers to their questions about the proposal before they spend any more time on it.


Tim Ellis/KUAC

The Interior Gas Utility's board of directors reluctantly accepted the resignation of Frank Abegg Tuesday. But several people who turned out for the board meeting told members they’re concerned about the fiscal issues Abegg raised in his four-page resignation letter. And an official with the Alaska Industrial Development and Export Authority denied his accusations that the agency put the IGU in a financially precarious situation.


KUAC file photo

Updated: Golden Valley Electric Association restarted and operated the boiler of its coal-fired Healy 2 powerplant for several hours during a test run Monday. The test re-firings resumed Thursday and will continue through August, when Golden Valley hopes to make the 50-megawatt plant fully operational.

Fairbanks Economic Development Corp.

The Interior Gas Utility has completed its nearly $60 million purchase of Pentex Alaska and its subsidiary, Fairbanks Natural Gas. The IGU board of directors last week approved the purchase, as did the board of the Alaska Industrial Development and Export Authority, or AIDEA, which until last week owned Pentex and its natural-gas liquification plant at Point MacKenzie.

Tim Ellis/KUAC

An affiliate of the Germany-based industrial giant Siemens is offering to build an LNG plant near Wasilla and transport the gas it processes there to Fairbanks at no cost to the Interior Gas Utility – if the IGU board of directors agrees to a long-term LNG-sales contract. Officials with Siemens Government Technologies outlined the proposal to the IGU board during a special meeting Tuesday.


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.

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