The Interior Gas Utility (IGU) Board of Directors on Tuesday authorized an additional $10 million loan with the Alaska Industrial Development and Export Authority (AIDEA). An original loan agreement, dated June 13, 2018 between IGU and AIDEA, is being amended to include the addition of $10,000,000, subject to the original terms. The original 50-year loan has an initial deferment period of 15 years at 0% interest, after which, interest will be charged at 0.25%.
