Fairbanks Natural Gas

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.


Three candidates seeking election to an open seat on the Interior Gas Utility board all agree it’s taken far too long to bring natural gas into the Fairbanks area. All three say if elected they’d push to accelerate the IGU’s efforts to bring gas here and build a system to deliver gas to its customers.


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.

AP&T

The utility that provides power to Tok is looking into using liquefied natural gas as a way to reduce the cost of generating electricity for the Alaska Highway community. KUAC’s Tim Ellis reports.


The Alaska Industrial Development and Export Authority has delayed action on the state agency’s proposed purchase of Fairbanks Natural Gas parent company Pentex. The AIDEA Board announced the delay, following an executive session in Anchorage Wednesday, siting technical engineering issues related to the 54 million dollar deal.  As KUAC’s Dan Bross reports the session followed numerous public comments critical of the deal.

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