Interior Energy Project

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 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.


Interior Energy Project

The Fairbanks North Star Borough’s Interior Gas Utility is considering taking control of the state backed Interior Energy Project. Its aimed at increasing the supply of natural gas in the Fairbanks area, and the Alaska Industrial Development and Export Authority has shepherded the effort to a point where it’s ready for transfer to the local non-profit utility. As KUAC’s Dan Bross reports, the IGU is weighing risks and benefits as it looks at taking on the project.

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.

Alaska Industrial Development and Export Authority

The Interior Gas Utility and Alaska Industrial Development and Export Authority have approved a memorandum of understanding to forward the Interior Energy Project. The state funded IEP is aimed at increasing the availability of gas in the city, as a less expensive and cleaner burning alternative to other fossil fuels and wood. The project has a lot of moving parts and is behind schedule, but as KUAC’s Dan Bross reports, the MOU is a key step.

GVEA OPTS FOR NAPHTHA

Dec 16, 2015

Golden Valley Electric Association is favoring oil over natural gas to fuel large generators in North Pole. As KUAC’s Dan Bross reports, the move reduces the utilities role as an anchor tenant for the state backed Interior Energy Project.

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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