Economic Report 5-2018

Economic Report 5-2018

In this Issue: A push for new oil taxes from state House Legislature careens toward end-game; fiscal structure key issue Alaska LNG delayed a year; Chinese pay a visit Energy HEA votes down solar, for now Siemens talks with IGU on gas 50% energy savings on power unit Telecom GCI invests in Kenai upgrades “Scoping” for project’s EIS is underway Army Corps launches Pebble Mine regulatory process Anchorage election results show voters optimistic, upbeat Business Intelligence Anchorage home sales prices…

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Economic Report 4-2018

Economic Report 4-2018

In this Issue: Alaska fits energy diversification, Arctic strategy China LNG deal for real? Independent expert says yes, maybe Recession lingers, but is flattening; are we near bottom? Energy Healy 2 coal plant to start up State’s largest solar array in Fairbanks Kenai to get gas from its land fill 30 million gallons fuel savings Residential kilowatt (kWh) rate comparison Environmental groups ready to do battle Interior plans accelerated reviews for ANWR leasing Business Intelligence Farmers do better with Mat-Su…

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Economic Report 3-2018

Economic Report 3-2018

In this Issue: $1 billion local payroll appears set to grow Business booms at Anchorage’s airport, driven by cargo Special report: Salmon initiative; HB 199; new habitat permits Transportation Mat-Su has new hopes for federal grant to complete rail extension to port Minerals Trilogy Metals completes Preliminary Feasibility Study for Arctic deposit Pebble Partnership back in the eld this summer Economy Alaska wages dropped in third quarter

Economic Report 2-2018

Economic Report 2-2018

In this Issue: Oil, mining and defense increases offset other decline Construction spending to rise 4 percent in 2018 Production from Alpine, Kuparuk oil fields increased in 2017 Energy Goldman Sachs values ML&P Infrastructure: Inventory underway on Inlet pipelines A new look at Nome for Arctic port Climate change: New report on health effects Municipal: Juneau wants to expand to Admiralty Backlog of work is rising again State deferred maintenance now totals $1.87 billion State gas corporation to solicit first…

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Economic Report 1-2018

Economic Report 1-2018

In this Issue: Governor button-holes producer on natural gas BP holds Prudhoe production level; overall slope is up 1.4 percent Energy Chugach/ML&P utility deal CIRI, Chugach in a tiff over wind Health care Ketchikan looks at cost transparency Alaska health plan signups rise Bonds to fund program; companies asked for discount State to accelerate oil tax credit obligation payoff Credits to be eventually paid anyway, but state could pay faster Incentives were aimed at attracting new explorers Business Intelligence $45…

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Prices, projects: Things looking up a little in Alaska’s oilpatch

Prices, projects: Things looking up a little in Alaska’s oilpatch

Things are looking a little brighter in Alaska’s oilpatch? Job numbers have not yet ticked up and in fact they’re still slipping, though modestly now, after big cuts made in 2016 and 2017 as producing companies adjusted to the world of lower prices. But prices are rising, after a long slump. Even during the slump a number of new projects were being worked on and the brighter price outlook should cause some companies to push the green button on their…

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What a contrast! Legislators orderly, civil as they close 2018 session

What a contrast! Legislators orderly, civil as they close 2018 session

Was this a virus whipping through the state capitol in Juneau? As the Legislature shut down last Saturday, May 12, odd things happened: There was civility, cooperation, bipartisanship, and good feelings. “The House and Senate and both (Democrat and Republican) caucuses really came together this year,” House Speaker Bryce Edgmon said as the session ended. Things were much different than last year, when the House and Senate, Republicans and Democrats, were all at each others’ throats. There were extended special…

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POMV deal is done – stage being set for ending session

POMV deal is done – stage being set for ending session

At the end, it happened fast. The conference committee on SB 26 convened at 9 a.m. May 8, voted and sent the bill out eight minutes later. A few hours later both the House and Senate ratified the conference committee report, sending SB 26 on to the governor. After a year of agony and sniping over the proposal to use some of the Permanent Fund earnings for the budget the quick resolution seemed anticlimactic. But that’s the way these things…

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Are they close to a deal on fiscal gap?

Are they close to a deal on fiscal gap?

There seems to be a deal coming together on SB 26, the bill that sets a percent-of-market-draw,
or POMV, in statue as a rule for using Permanent Fund earnings to support the state budget. This is the remaining big issue of the 2018 session and if an agreement is made in the next couple of days a rush to adjournment could begin. An adjournment push should happen even if the deal does not come together, too. Word has been circulating in…

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Railbelt power grid moves slowly to modern era

Railbelt power grid moves slowly to modern era

A bill is pending in the state House that would put the state’s hammer on the six “railbelt” utilities that have been squabbling for years over uniform reliability standards and how to efficiently move power up and down the regional power transmission grid. Also, independent private power producers complain they are stymied in selling their power to customers through the grid by having to pay tolls all through the system. In some cases these have added up to some sales…

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