Economy & Business
RSSEconomy & Business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It covers municipal budgets, infrastructure and airport planning, federal grants and contracts, employment trends, and energy development across Alaska.
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Wednesday, Jun 10
Senate Finance weighs Alaska LNG tax worth $124M a year — and whether it's enough for host communities
Governments are making compromises on the amount of property tax they'll receive - not all are happy about it
by Walter AlaskaNews5mo ago3 min read
House Finance advances Alaska LNG tax bill, curtailing North Slope's power to negotiate
House Finance advanced Alaska LNG tax bill Wednesday: 13 cents, no side deals, double the impact fund to $80m
by Walter AlaskaNews5mo ago3 min read
Anchorage advances 5% bid preference for veteran-owned firms
Anchorage Assembly advanced an ordinance giving veteran-owned businesses a five percent preference on city contracts capped at $50,000, affecting a city where veterans make up 13 percent of the adult population.
by Walter AlaskaNews5mo ago2 min read
Kodiak prepares for 2,578 cruise passengers in one week
Two cruise ships will bring 2,578 passengers to Kodiak in late June, with Crystal Symphony docking June 21 and Noordam on June 23, each staying nine hours while local tourism organizes downtown welcome events and vendor markets.
by Alaska Newsadded 5mo ago1 min read
Ketchikan harbor parking enforcement back after contract gap
Ketchikan's harbor parking enforcement resumed after a contract gap left derelict vehicles and people living in cars occupying lots for months, with police and parking enforcement now working through a backlog.
by Alaska News5mo ago2 min read
Ketchikan tender float meets code, port says after charter operator's safety request
Ketchikan's Tender Float 3 meets building codes without guardrails, port officials confirmed after engineers found no code requirement for railings on the 18-inch-high float.
by Alaska News5mo ago2 min read
Anchorage programs Fairview Bypass into 2052 plan at $220M
Anchorage added the Fairview Bypass to its 2052 transportation plan at $220.5 million across four phases, but the state faces a $150 million short-term budget shortfall and whether the project gets built remains uncertain.
by Walter AlaskaNews5mo ago2 min readFrom 
Anchorage transit plan adds $684M in routes, microtransit zones through 2052
Anchorage's transit plan adds bus rapid transit, microtransit zones, and free fares for seniors and veterans through 2052. • The $684 million package depends entirely on projected revenue materializing over 26 years. • State funding faces a $150 million short-term deficit competing against other Alaska priorities.
by Walter AlaskaNews5mo ago3 min readFrom 
More from Economy & Business
Fish and Wildlife Service seeks $5M to cut energy permit times in half
Fish and Wildlife Service is asking Congress for $5.1 million to cut endangered species review times from 30 to 14 days, a change that could speed up Alaska energy and mineral projects that have faced years of federal delays.
by Alaska News5mo ago2 min read
Anchorage's mayor told Senate Finance LNG could cost "tens of millions of dollars"
Anchorage's mayor told Senate Finance LNG would cost "tens of millions" — a number that lands somewhere between $23M and $173M. Her plan targets $23M.
by Walter AlaskaNews5mo ago2 min read
Fairbanks spur line language added to Alaska LNG tax bill
Fairbanks North Star Borough secured a requirement for a gas spur line in the state LNG tax bill. Developers must build the spur to access tax breaks. Costs will spread across Railbelt users to keep rates affordable for 3500 local customers.
by Walter AlaskaNews5mo ago2 min read
MEA secures easements for new 115-kV transmission lines as Mat-Su's growth keeps outrunning its electrical infrastructure
Matanuska Electric Association secured easements Wednesday to build 22 miles of new transmission lines in the Mat-Su, adding capacity as the borough's residential growth outpaces its electrical grid.
by Walter AlaskaNews5mo ago2 min read
Peltola proposes corporate tax tied to worker pay in Senate race
New Peltola plan: companies with rich CEOs and broke workers pay more. Odds of passing: low. Odds of becoming a debate line: certain.
by Walter AlaskaNews5mo ago2 min read
Tuesday, Jun 9
Petersburg Planning Commission roundup: massage CUP approved, three land sales recommended, Scow Bay rock pits out of wireless overlay
Petersburg Planning Commission approved a home massage business, recommended three land sales, and removed Scow Bay rock pits from a wireless tower overlay after residents cited drinking water concerns.
by Alaska News5mo ago2 min read
Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale
Enstar Natural Gas loses its main Cook Inlet gas supplier in 2033 when Hilcorp's contract expires, and no other producer can match Hilcorp's drilling scale, leaving Southcentral facing a supply gap unless a North Slope pipeline delivers gas by then.
by Bill AlaskaNews5mo ago2 min read
A Pacific Islander nonprofit told an Anchorage homelessness commission its housing assistance program is over-subscribed — and asked for city funding to expand it
Polynesian Association seeks Anchorage funding for housing assistance
by Walter AlaskaNews5mo ago2 min read
About Economy & Business
Economy and business in Alaska is the mix of government decisions, contracts, grants and private projects that shape the state's economy. It is the broad subject that holds narrower topics such as business, energy, oil and gas, mining, aviation and tourism.
Much of it runs through public bodies, with municipal assemblies approving contracts and planning decisions, state agencies leasing land and selling gravel and rock, and AIDEA lending to industry. Recurring questions concern infrastructure such as harbors, airports, roads and water and sewer lines, along with housing and zoning rules, energy supply, labor contracts, federal grants and military construction.
Its decisions reach every part of the state, from Anchorage and the Mat-Su to Kodiak, Cordova, Haines and the North Slope. Federal and military spending, resource development and Alaska Native corporation ventures all feed into the economy.
More from Economy & Business
DNR offers 50-year North Slope lease for gas-powered data center
Alaska DNR offered a 50-year lease to STAK Energy for a massive data center on the North Slope that would use natural gas to power 1 to 3 gigawatts of computing, with public comments due June 15.
by Alaska News5mo ago2 min read
Same committee, same day, two close votes on Alaska LNG ratepayer protection — and they didn't go the same way
House Finance can't quite decide how much to protect Alaska ratepayers from LNG cost overruns — Tuesday's two votes split, with the same person providing the swing both times.
by Walter AlaskaNews5mo ago2 min read
ENSTAR Caps the Price. Stedman Eyes the Debt.
ENSTAR is locking in a $16 price ceiling, but Sen. Bert Stedman argued the costs may have just moved upstream, to the tune of $3.3 billion over 30 years.
by Walter AlaskaNews5mo ago3 min read
Alaska DOT programs Fairview Bypass into 2052 plan at $220M
Alaska DOT programmed the Fairview Bypass into its long-range transportation plan at $220.5 million across four phases, with construction stages starting at $60 million for a regional connection near Merrill Field.
by Walter AlaskaNews5mo ago2 min readFrom 
The federal autonomous vehicle framework Congress is debating would apply to Alaska's roads — but Alaska wasn't part of the conversation
Congress is debating a federal framework for autonomous trucks that will apply to Alaska's roads, but Alaska's operating conditions like Arctic weather, wildlife, and cellular dead zones were not part of the Senate hearing.
by Walter AlaskaNews5mo ago3 min read
The Air Force wants to put AI data centers on Alaska military land — and the three sites tell three very different stories
Three Alaska military bases are auditioning to host the AI boom — JBER can't power it, Eielson is leaking PFAS at it, and Clear has 4,769 acres, a DDT drum dump, and all the groundwater you can drink.
by Walter AlaskaNews5mo ago3 min readFrom 
Planning commission recommends removing density requirement from Eagle River greenhouse property
Anchorage Planning and Zoning Commission unanimously recommended removing a minimum-density requirement from an Eagle River greenhouse property, allowing duplexes or triplexes instead of 13 required units. The Assembly will make the final decision.
by Walter AlaskaNews5mo ago2 min read
Monday, Jun 8
North Slope pipeline company seeks to double metering capacity at TAPS
Kuparuk Transportation Company asked Alaska regulators to nearly double metering capacity at a key North Slope pipeline pump station, from 360,000 to 634,000 barrels per day, to handle crude from new oil fields coming online.
by Alaska Newsadded 5mo ago1 min read
House Finance writes a $16 gas-price cap into Alaska LNG bill — even if Enstar's contract isn't signed
Alaska House Finance voted 6-5 Monday to write a $16-per-MMBtu price cap for natural gas into the state's Alaska LNG tax bill, protecting consumers even if Enstar's contract with the developer remains unsigned.
by Walter AlaskaNews5mo ago2 min read
House Finance amendment lets pipeline-route municipalities bill Alaska LNG directly — skipping the state appropriation step
House Finance approved an amendment allowing pipeline-route municipalities to bill the Alaska LNG operator directly for their tax share instead of waiting for state appropriation.
by Walter AlaskaNews5mo ago2 min read
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
by Alaska News5mo ago3 min read
Department of Revenue presents Senate Finance with Alaska LNG breakeven modeling across cost and tax scenarios
Alaska LNG needs $9.07 per thousand cubic feet to break even under current law, or $10.69 if capital costs reach $60 billion. • Senate Bill 2001 would lower those breakeven prices to $8.54 and $9.97 respectively, but reduce state revenue from North Slope gas. • Department of Revenue presented the modeling to help Senate Finance evaluate the tax restructuring tradeoff.
by Walter AlaskaNews5mo ago2 min read
Department of Revenue presents Senate Finance with 25-scenario sensitivity analysis on Alaska LNG fiscal impact
Department of Revenue modeled Alaska LNG's fiscal impact under SB 2001 across 25 scenarios through 2062. • Baseline scenario projects $29 billion in net state revenue gains. • Worst-case scenario with $100 per barrel oil and major production losses would cost the state $16.2 billion.
by Walter AlaskaNews5mo ago2 min read
Four Railbelt utilities file shared-solar tariffs in two days
All four major Railbelt utilities filed tariffs for shared-solar programs on June 2 and 3, letting Alaskans buy shares in renewable facilities without installing rooftop panels and receive credits on their monthly electric bills.
by Alaska News5mo ago2 min read
Sunday, Jun 7
North Slope pipeline seeks 76% metering boost at Pump Station 1
Kuparuk Transportation Company asked Alaska regulators to nearly double metering capacity at its North Slope pipeline connection, raising it from 360,000 to 634,000 barrels per day.
by Alaska Newsadded 5mo ago1 min read
Anchorage Assembly weighs veteran contracting preferences
Anchorage Assembly is deciding between two veteran contracting preference proposals that differ on preference size, eligibility windows, and whether preferences apply to qualifications-based bids or price-based bids only.
by Walter AlaskaNews5mo ago3 min readFrom 
Denali Highway bridge inspections close lanes through Wednesday
Alaska DOT&PF will close lanes on the Denali Highway at two bridges Tuesday through Thursday for routine federal safety inspections, causing delays up to 60 minutes at each site.
by Walter AlaskaNews5mo ago1 min read
Alyeska tears down Pump Station 8 near Salcha
Alyeska Pipeline is demolishing Pump Station 8 near Salcha, 30 miles south of Fairbanks, removing buildings and tanks that have sat idle since the station closed in 1996.
by Alaska Newsadded 5mo ago2 min read
RTO tariff subcommittee meets Thursday on transmission costs
Alaska's largest power grid is rewriting transmission cost rules this week to let utilities buy cheaper power as Cook Inlet gas supplies tighten and bills rise.
by Alaska News5mo ago2 min read
Forest Service scraps Herbert Glacier cabin for mining claim
The Forest Service cancelled a planned cabin near Herbert Glacier in Juneau, citing mining claims and potential conflicts with mineral exploration by Canadian company Grande Portage Resources.
by Alaska News5mo ago3 min read
Saturday, Jun 6
SBA freeze threatens Alaska Native corporations' $9B federal footprint
An SBA freeze on new subsidiary applications threatens Alaska Native corporations' $9 billion annual federal contracting footprint, which supports 50,000 jobs worldwide and returns $300 to $350 million yearly to Alaska Native shareholders.
by Alaska Newsadded 5mo ago2 min read
Trump administration stalls 8(a) applications for Alaska Native corporations
Trump administration stalls new 8(a) applications for Alaska Native corporations amid fraud review. • 2024 lawsuit challenges whether special contracting treatment for Alaska Native firms is constitutional. • Program generated 13.5 billion dollars in revenue in 2022 and employs roughly 50,000 people worldwide.
by Alaska Newsadded 5mo ago2 min read
Friday, Jun 5
North Slope oil production set to jump 76% as new fields come online
Kuparuk Pipeline seeks permits to boost North Slope oil capacity 76 percent, from 360,000 to 634,000 barrels per day, to handle new fields including the Pikka project. Public comment deadline is June 26.
by Alaska News5mo ago1 min read
North Slope has two fields cleared for gas sales, AOGCC tells Senate
Alaska's oil regulator told lawmakers that only Prudhoe Bay and Point Thomson fields have approval to supply gas to the Alaska LNG project, which aims to start deliveries in 2029.
by Walter AlaskaNews5mo ago2 min read
