Submitted by Brandon Smith on Thu, 01/12/2017 – 19:43
It was up to the Alaska Industrial Development and Export Authority, or AIDEA, last night to approve the non-binding Memorandum of Understanding, which passed by the Interior Gas Utility board early Tuesday evening.
AIDEA had been in active negotiations with IGU over the course of 2016.
The AIDEA board approved the MOU, finally solidifying the acquisition of Pentex Alaska, which seeks to bring available gas to over seventeen thousand residences.
Mike Meeks, chairman of the IGU board, commented by saying that this is just a first step towards building long term sustainable infrastructure.