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IGU News & Announcements
AIDEA approves purchase of Fairbanks Natural Gas, parent company
Matt Buxton mbuxton@newsminer.com FAIRBANKS — The Alaska Industrial Development and Export Authority board on Thursday signed off on the purchase of Fairbanks Natural Gas and its parent company, Pentex. The board's approval, made through a [...]
Demolishing a workable compromise: Senate Finance Committee scraps much-needed budget deal
Fairbanks Daily News-Miner editorial: Thumbs up: During the weekend, news few people expected came from Anchorage: the Alaska House of Representatives had, at long last, arrived at a budget deal. In the compromise between the [...]
AIDEA Holds off on FNG Decision
by Dan Bross, KUAC 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 [...]
IGU begins natural gas rollout
FNM Staff Report FAIRBANKS — The Interior Gas Utility announced in a newsletter on Tuesday that the first phase of construction of a natural gas distribution system in the North Pole area has begun. The first [...]
Fairbanks energy plan hits milestone as state ponders $54 million investment
by Dermot Cole, Alaska Dispatch A state plan aimed at speeding the transition to natural gas in Fairbanks reaches a key decision point Tuesday, with the Alaska Industrial Development and Export Authority scheduled to consider [...]
Interior Energy Project moving ahead, bit by bit
By Matt Buxton mbuxton@newsminer.com FAIRBANKS — The meeting may have been filled with a mind-boggling array of numbers, complex financial modeling and technical jargon, but the message was that progress is being made on the [...]
Interior Pushing Forward on Gas
By Mayor Luke Hopkins, Mayor John Eberhart and Mayor Bryce Ward Perhaps Colonel Hannibal Smith, of A-Team fame, said it best: “I love it when a plan comes together.” For decades, Interior Alaskans have waited [...]
Pentex purchase could cut ratepayer’s bills immediately
BY ELWOOD BREHMER, ALASKA JOURNAL OF COMMERCE Fairbanks Natural Gas customers could see their heating bills drop immediately if the utility is sold to the Alaska Industrial Development and Export Authority. “We do believe through [...]