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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Business Intelligence

Business Intelligence

NEW GROUP TAKES CONTROL OF SKAGWAY WATERFRONT, RAILROAD An Alaska-based port and vessel operations group, Survey Point Holdings of Ketchikan, will purchase the Canadian-owned White Pass and Yukon Route, a historic railroad in Skagway, as well as related docks and shoreside uplands in a $290 million deal that will close July 31. Three other companies, Rail Management Services, Progeny 3 Inc. and Miami-based Carnival Corp. through its Alaska subsidiary Holland America, will be partners in the deal, with Carnival having…

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Fisheries

Fisheries

Western, gulf region employment State Dept. of Labor and Workforce Development data shows the only two regions of the state showing job growth in April were Southwest and Gulf Coast regions, both up 400 jobs compared with April 2017. The seafood industry is important in both regions. *** Seafood economics of Aleutians A new McDowell Group study of the seafood industry in the Aleutians-Bering Sea region showed a $1.6 billion statewide impact in 2016, and also said that 30 percent…

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Timber

Timber

USFS will now change roadles rule The U.S. Department of Agriculture will revamp the national forest “roadless” rule that limits timber harvesting in the 16.8-million-acre Tongass National Forest in southeast Alaska, senior officials told Congress. The plan is for an “Alaska special” roadless rules that would be more flexible than what applies nationally. Alaska Congressman Don Young has also included a provision for an Alaska-speci c rule in the national farm bill which is pending in Congress. The change comes…

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Petroleum

Petroleum

Doyon now drilling Nenana well Doyon Ltd. of Fairbanks started drilling at its latest Nenana Basin exploration well a few miles north of the city of Nenana. Cook Inlet Region, Inc. of Anchorage is a partner with Doyon on the well. The Nabors 105 drill rig is being used on the project. The target is the Totchaket East prospect, where Doyon’s 3-D seismic has indicated the presence of possible hydrocarbon uids, either oil or gas, between 4,500 to 9,500 feet….

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Health care

Health care

Health plan consolidation talks State administration of cials are talking with pub- lic employer groups, including unions, on the pro- posed state health trust and possible consolidation of health plans. There are about 100,000 people covered in about 100 different health plans partly or wholly funded by the state. “Stakeholder”consultations are expected to be wrapped up in six weeks, with reports and recommendations to the Legislature by January. The state’s health care tab across all programs is about $1.4 billion…

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Transportation

Transportation

Bering Sea traffic rules agreed Russian and U.S. maritime agencies agreed on a set of navigation rules for the constricted Bering Straits which have also now been adopted by the International Maritime Organization, so that they are recognized worldwide. Both Russia and the U.S. exercise jurisdiction over the strait, which separates far eastern Siberia from the western tip of Alaska. Ship traf c is increasing through the strait as Arctic waters become increasingly ice-free.