Alaska Industrial Development and Export Authority

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.

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.

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