Increased confidence, but there is still caution

Increased confidence, but there is still caution

A deeper dig into the consumer index, however, shows there is still caution, with a 52.3 percent score for confidence in the present Anchorage economy and 54.2 per-cent in expectations that things will improve. The trend in expectation for the future is important, Popp said. “Last year at this time it was at 38,” he said. What drives up the overall score, which is a composite, is that consumers’ sense of their own finances was at 68.1, “the best it…

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Recession still a drag on Anchorage

Recession still a drag on Anchorage

Survey shows an uptick in consumer confidence The recession is still dragging employment down in Anchorage but job losses are slowing, and conventional wisdom among economists is that things will stabilize in 2019 and jobs will start to increase, slowly, in 2020. Anchorage Economic Develop-ment Corp. predicts a 0.5 percent employment gain in 2020 in the city, based on work by McDowell Group, a consulting firm. AEDC released its three-year forecast July 25. What was interesting in AEDC’s presentation, at…

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Economic Report 9-2018

Economic Report 9-2018

In this Issue: State government Fiscal plan is signed – now comes the hard part Minerals Pebble changes its mine plan Energy DOE new energy tech grants Deal signed on Fairbanks LNG Transportation Bering Sea traffic rules agreed Health care Health plan consolidation talks Petroleum State gas corporation says it has sufficient funds to get to FID Gas corporation asks AIDEA for financing, and is rebuffed Is this why legislators are wary of AGDC? Doyon now drilling Nenana well BLM…

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Economic Report 8-2018

Economic Report 8-2018

In this Issue: NGO investor lobbying appears to pay on Pebble ANWR lease sale could come as early as July, 2019 Energy Siemens: LNG to Fairbanks Railbelt utilities, on coordination Minerals Pebble says it will replace First Quantum Minerals for mine Eielson’s Air Force expansion: Fairbanks wants guarantee on housing Business Intelligence New downtown Anchorage residential project underway GCI revenues hit by federal rural hospital cuts ACS revenues also dip, but consumer services income rises UAF selected to participate in…

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Economic Report 7-2018

Economic Report 7-2018

In this Issue: Still a deficit, and more to be done Legislature takes big step in closing fiscal gap Zinc prices drive up Red Dog Mine profits, and NANA royalties Energy Fairbanks EPA clean energy loans Low water slows Southeast hydro Report out from railbelt consultant Energy projects in state budget Economy Consumer confidence ticks up Infrastructure $87.2 million in IT upgrades Legislature snubs governor’s gas project Alaska LNG soliciting investors, needs lawmakers’ permission Business Intelligence Air carriers lay on…

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Economic Report 6-2018

Economic Report 6-2018

In this Issue: What has the dithering in Legislature cost us? The cost of fiscal uncertainty: Investment losses State’s recession drags on but job loss eases Transportation Alaska Railroad back in the black Fisheries 2018 will be a low year for salmon Tough year for Southeast charters Petroleum More oil discovered on North Slope DOI begins fast-track ANWR EIS Eni bullish; plans new investment Edison Chouest fleet arriving Steel tariffs won’t hit Ak LNG hard Health care SEARHC, Wrangell Medical…

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Health care

Health care

“80th” percentile rule studied The state Division of Insurance is still considering changes – if any – to the so-called “80th percentile rule” that requires insurers on private and public health plans to pay a minimum at the 80th percentile for specific medical services. Many blame the rule, adopted originally to protect consumers, for adding to upward pressures on health care costs. That could happen because if there are a limited number of providers, for example for specialty procedures, the…

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Infrastructure

Infrastructure

Ketchikan cruise dock expansion Ketchikan starts construction in October on a corrosion protection project as part of its cruise ship dock expansion. Berths 1 and 2 are being rebuilt to accommodate the new super-sized cruise ships coming to Southeast Alaska. The docks are to be done in time for the 2020 summer tourism season.   Wrangell harbor: Wrangell let a contract to Tamico RnR JV for a $8.3 million harbor renovation. PND Engineers received a $731,328 contract to provide engineering…

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Energy

Energy

GVEA starts up its Healy Unit 2  Golden Valley Electric Association started up its Healy Unit 2 coal power plant on July 3 for a three-month operating test. The Interior cooperative hopes to begin full service with the plant in September. The $295 million plant was built in 1989 with a large U.S. Department of Energy grant supplemented with Alaska Industrial Development and Export Authority bond funds to test new coal plant emissions control technologies. DOE was satisfied with tests…

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Minerals

Minerals

Revised Pebble plan irked Walker Gov. Bill Walker asked the U.S. Army Corps of Engineers to suspend work on the Environmental Impact Statement for the big Pebble copper/gold/molybdenum project near Iliamna, basing the request on the lack of an economic feasibility determination by the owner, Northern Dynasty Minerals. However, Army corps officials said they cannot use economics in the EIS analysis, which focuses on environmental and community impacts. Part of what is concerning the state, we were told, is a…

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