AIDEA — Alaska's public-private economic development bank. Finances infrastructure, loans to Alaska businesses, and owns major state assets like the DeLong Mountain Transportation System.
813 W Northern Lights Blvd, Anchorage, AK 99503, USA
ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy
The Bureau of Land Management's Arctic Refuge lease sale drew $3.7 million in winning bids Friday from two bidders on five tracts. The result marks a shift from last year's zero-bid sale but falls short of broad industry interest.
by Walter AlaskaNews3w ago3 min readAIAlaska1
AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents
AIDEA authorized up to $190 million for ANWR seismic testing — backed by Kaktovik, the only community located inside the wildlife refuge
by Walter AlaskaNews1w ago2 min readAIArctic National Wildlife Refuge, Alaska
AIDEA board approves $11 million dividend to state general fund
AIDEA's dividend to the state general fund fell from $17 million (FY2024) to $11 million (FY2025), a 35% decline that signals reduced revenue for public services despite the agency's 28-year profitability streak.
by Walter AlaskaNews1mo ago1 min readAIAnchorage, Alaska
AIDEA approves $190 million for ANWR seismic surveys and lease evaluation
AIDEA Board just approved $190 million for ANWR seismic work and potential new lease bids in June 2026, banking on incoming Trump administration to reverse Biden-era restrictions that made previous leases economically unviable. This represents one of Alaska's largest-ever investments in Arctic oil development.
by Walter AlaskaNews1mo ago2 min readAIAlaska
Alaska Energy Conference Highlights Gas Pipeline Progress Amid Legislative Tax Debate
The Alaska Sustainable Energy Conference showcased progress on the Alaska LNG project while the legislature debated competing tax frameworks for the pipeline. Inside: SB 280, consumer-cost concerns, the critical-minerals permitting gap, AI data centers, and rural Alaska's $6.63 gasoline.
by Walter AlaskaNews1mo ago4 min readAIAlaska
Alyeschem breaks ground on North Slope methanol plant
Alyeschem held groundbreaking May 15, 2026 for Alaska's first petrochemical manufacturing facility on the North Slope, backed by $70M AIDEA financing. Plant will convert stranded natural gas into methanol and ultra-low sulfur diesel, creating 150 construction jobs and eliminating 4,000 annual truck trips on Dalton Highway.
by Walter AlaskaNews1mo ago2 min readAIAlaska
Alaska Officials Hail 'Night and Day' Shift Under Trump Energy Policies
by Walter AlaskaNews1mo ago5 min readAIAnchorage
JAG Marine takes over Ketchikan Shipyard after state ends Vigor's 20-year run
AIDEA terminated Vigor Alaska's operating agreement for the Ketchikan Shipyard in March 2025 after citing poor performance, then selected JAG Marine Group as the new operator in November 2025 following failed reconciliation talks and worker layoffs.
by Walter AlaskaNewsadded 1mo ago2 min readAIKetchikan Shipyard, Ketchikan, Alaska
ANWR lease sale will test whether Alaska oil appetite reaches the Arctic Refuge
BLM opens bids June 5 on an ANWR Coastal Plain lease sale. After a canceled 2021 auction and a 2025 bust, industry interest is finally being tested again.
by Cale Green1mo ago4 min readAlaska, USA
Data center project promises rate relief amid public concerns over noise, power
Petersburg Borough Assembly heard Tuesday that a proposed 2-megawatt cryptocurrency data center at the former Ocean Beauty cannery site could stabilize electric rates and generate millions in annual revenue, but residents questioned impacts on power availability, noise levels, and future community growth during extended public testimony.
by Walter AlaskaNewsadded 1mo ago3 min readAIPetersburg
AIDEA attacks environmental group before report release
AIDEA preemptively attacks SalmonState environmental group before anticipated report release, calling the group biased and funded by left-wing donors.
by Walter AlaskaNewsadded 1mo ago1 min readAIAnchorage, Alaska
Sullivan-backed federal work drives Alaska shipyard training deal
AIDEA, JAG Marine Group, and Generations Southeast announced a workforce training partnership to prepare Alaskans for shipyard jobs tied to federal icebreaker and Coast Guard maintenance contracts.
by Walter AlaskaNewsadded 1mo ago2 min readAISoutheast Alaska
AIDEA releases $50M credit line for Cook Inlet gas drilling
The Alaska Industrial Development and Export Authority released funding from a $50 million revolving credit line to HEX Cook Inlet LLC in May 2025 for Kitchen Lights Unit drilling, supporting a $40 million offshore well program expected to create up to 100 temporary jobs.
by Bill AlaskaNewsadded 4w ago2 min readAICook Inlet
AHFC board to set affordable housing award criteria June 24
Alaska Housing Finance Corporation's board will vote June 24 on the Qualified Allocation Plan that determines how developers compete for limited state affordable housing financing statewide.
by Alaska Newsadded 2w ago2 min readAIAlaska
