Fairbanks Natural Gas

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.

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.


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

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.


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