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State denies gas plant sale, 13 companies submit proposals

It's been a hectic week for those following the Interior Energy Project. Attorney General Craig Richards on Monday denied the pending sale of a gas plant in Port Mackenzie that would be the most likely processing point for Interior-bound gas.
AG denies LNG plant sale after Hilcorp rejects alterations to sale contract

Alaska Attorney General Craig Richards has rejected the proposed purchase by Harvest Alaska of a small liquefied natural gas plant at Port MacKenzie.
Discussion begins on oil tax credits

Alaska's explorer and small producer tax credit program has been capped for this year but the program is still on the books and applications for credits are still being accepted, state Revenue Commissioner Randy Hoffbeck said.
Seward develops marine infrastructure

The City of Seward hopes to break ground on its new harbor and breakwater in October, provided it can get a contractor in time.
AIDEA approves $30 million deal for Cosmo development

The Alaska Industrial Development and Export Authority has given approval for a $30-million financing package that will allow BlueCrest Energy to begin drilling and development at its Cosmopolitan offshore oil project in Cook Inlet.
Future of ammonia tax credit bill uncertain

A bill offering a tax credit to producers of ammonia and urea was passed by the State House of Representatives on April 13. It was referred to the Senate Resources Committee but has not been heard as of the committee's most recent meeting on April 16.
What others say: Proposed Pentex purchase raises questions, signals commitment

While the state's planned purchase of Fairbanks Natural Gas parent company Pentex may play a large part in the solution for natural gas delivery to Fairbanks, for the moment it mostly raises questions.
Lawmakers discuss Arctic projects, but money a question

JUNEAU - The Alaska Arctic Policy Commission has recommended the state take several steps to enhance Arctic communities, but finding the money for the improvements could be a challenge.
Alaska lawmaker wants to examine state's credits, exemptions

JUNEAU, Alaska - Gov. Bill Walker this past week said he wasn't sure the state could continue to afford a film tax credit program, given Alaska's budget situation. But that program is just one in a myriad of tax breaks the state provides. Rep.
Uncertain year for mega-projects

How little can the state afford to spend? Gov. Bill Walker halted immediate spending on six of the state's notable pending mega-projects Dec. 27, part of an effort to scrutinize all expenditures and minimize the fiscal year 2016 budget deficit.


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