Business Intelligence

Business Intelligence

Governor cites lower oil prices in budget plan Gov. Mike Dunleavy submitted former Gov. Bill Walker’s proposed $11.5 billion FY 2020 budget on Dec. 15 as a “placeholder” to meet the statutory deadline for submitting a budget. The full 2018 revenue forecast was also released, but there differences with the preliminary forecast released by Walker two weeks earlier, just before Dunlevy took office. The Dec. 15 budget assumes a $64-per-barrel average oil price for Fiscal 2020, the budget year beginning…

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Telecom

Telecom

High-speed internet in Nome Nome is now getting high-speed internet through Quintillion Inc.’s fiber-optic undersea cable. The cable was completed in October, 2017 but service has just started. Local telecom provider TeleAlaska is delivering internet locally under an agreement with Quintillion. The service will triple the speed at which data can be downloaded at prices competitive with what consumers are paying now. Plans for service range between $179 per month to $329 per month. GCI now offers service through its…

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Tourism

Tourism

Petersburg debates cruise tours Pro-tourism Petersburg residents shouted down the town’s mayor, Mark Jensen, over a letter Jensen proposed to Viking Cruise Lines asking the compa- ny to delay a plan for cruise vessel stops, saying the Southeast fishing town “isn’t ready” for large-scale tourism. Local people objected, saying they want the economic benefits. Viking officials visited Petersburg in August, looking for vessel stops for the 2020 sum- mer season. Petersburg had 8,850 visitors this year. Nearby Wrangell, in contrast,…

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Infrastructure

Infrastructure

<b>Cruise tax decision a dilemma</b> U.S. District Court Judge Russel Holland’s decision on litigation over cruise passenger fees levied by coastal municipalities has created a dilemma for those communities. The decision, on a case brought against the City and Borough of Juneau by the Cruise Lines International Association, was not unexpected. Holland ruled that Juneau’s use of the cruise tax revenue to build tourism enhancements was illegal. The ruling was narrow, however, find- ing that expenditures of the revenues could…

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ANWR: $3 billion a year to state?

ANWR: $3 billion a year to state?

The U.S. Interior Department estimates that full development of lands with oil potential in the Arc- tic National Wildlife Refuge could result in $3.04 billion per year to the state of Alaska and $52 mil- lion yearly to the North Slope Borough, according to the newly-released Draft Environmental Impact Statement, or DEIS, for ANWR leasing. If lease sales are held in 2019 or 2020 it would still take a decade or more for exploration and development of discoveries, the DEIS…

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Minerals

Minerals

Walker okays Ambler Road funds In the closing days of his term Gov. Bill Walker approved $3.6 million in state funds to complete federal regulatory work on the Ambler Mining District Access Project, a 211-mile industrial road that would support copper and zinc projects in the western Brooks Range. Trilogy Metals and its partner, South 32 Ltd., an Australian company, are planning development of Arctic, a high-grade deposit, and are in advanced exploration of Bornite, a large copper deposit in…

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Fisheries

Fisheries

Salmon decline linked to warming 2019 is expected to be another poor year for pink salmon in Southeast and Southcentral coastal areas and the Bristol Bay sockeye catch is predicted to be down, although 2017 and 2016 were both record-setting years. The Southeast pink harvest is pegged at 18 million fish, or half the 10-year average of 36 million, according to the state Department of Fish and Game’s annual forecast for the upcoming season. State biologists say warm waters in…

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Petroleum

Petroleum

$28.1 million bid for slope leases The state received $28.1 million in bonus bids in its Nov. 15 North Slope and Beaufort Sea “areawide” lease sales, the bulk of the money from Repsol and a newly-formed company based in Louisiana, Lagniappe. Repsol bid top-dollar for selected unleased tracts near the Pikka discovery, in the west-central central slope, where the Spain-based company is 49 percent owner. Lagniappe bid mostly near the state’s minimum per-acre bid but picked up a large 195,200-acre…

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General Business

General Business

New Gov. Mike Dunleavy supports university getting its lands New Gov. Mike Dunleavy told the Fairbanks News-Miner’ editorial board that he favors getting more state land available to the University of Alaska to generate revenue. The UA is a land-grant college that was supposed to get a substantial land endowment, which did not happen. Efforts to get more land to the university have been fought by environmental groups who worry that the UA will move to develop them. Credit Union…

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Politics

Politics

New Gov. Dunleavy fills out his leadership team Gov. Mike Dunleavy has named his new leadership team, most with  a strong conservative focus but also naming an unusual number of women to cabinet positions. Donna Arduin was appointed Nov. 26 as budget director, heading the Office of Management and Budget. Arduin is well-known in national conservative circles and has advised several Republican governors.   Feige at Natural Resources; MacKinnon at DOTPF; Tangeman at Revenue Dunleavy appointed Corri Feige as Commissioner…

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