Interior Gas Utility

Tim Ellis/KUAC

The Interior Gas Utility's board of directors reluctantly accepted the resignation of Frank Abegg Tuesday. But several people who turned out for the board meeting told members they’re concerned about the fiscal issues Abegg raised in his four-page resignation letter. And an official with the Alaska Industrial Development and Export Authority denied his accusations that the agency put the IGU in a financially precarious situation.


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.


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.


FNSB/YouTube

North Pole Mayor Bryce Ward is running for mayor of the Fairbanks North Star Borough. The 31-year-old construction contractor is the first candidate to declare his interest in replacing Karl Kassel, who recently decided not to seek a second term.

Tim Ellis/KUAC

The Fairbanks North Star Borough Air Pollution Control Commission decided Tuesday it can’t support an ordinance proposed by Assemblyman Lance Roberts that would promote use of a device that proponents say could offer a lower-cost means of reducing particulate emissions from woodstoves and other solid-fuel heating devices.


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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