Alaska Industrial Development and Export Authority

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.


Tim Ellis/KUAC

The Interior Gas Utility has scheduled a couple of public meetings for later this month to inform Fairbanks North Star Borough residents about the status of the IGU board’s proposal to buy Pentex Alaska Natural Gas Company as part of the local utility’s efforts to build a natural-gas distribution system for Fairbanks and North Pole.


Tim Ellis/KUAC

Golden Valley Electric Association’s board of directors approved a multimillion-dollar plan Monday to repair the Healy 2 power plant. Two board members voted against the proposal, saying they’ve got concerns about the coal-fired plant design and cost.


Alaska Industrial Development and Export Authority

The fate of the long pursued Interior Energy Project will soon come into better focus. The state funded effort hinges on a natural gas supply from Cook Inlet, and as KUAC’s Dan Bross reports, that’s expected next month.

I.E.P. Tries Again

Sep 16, 2015
Alaska Industrial Development and Export Authority

The Alaska Industrial Development and Export Authority will select a partner for the Interior Energy Project by the end of the year. AIDEA chose finalists earlier this month following a request for proposed plans to supply Fairbanks with natural gas.  An earlier public private partnership yielded a North Slope gas plan that proved to be too expensive. As KUAC’s Dan Bross reports, a review committee will consider the latest proposals and how state financing can be used to leverage a project.

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