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.
Inside Economy & Business
Places and organizations in this news
Numbers are stories in the last 30 days.
Have a story about Economy & Business? Send a tip
Friday, Jun 5
Alaska LNG seeks 90% property tax cut; Kenai Peninsula pushes back
Alaska LNG is seeking a 90 percent property tax cut to proceed, but Kenai Peninsula Borough says the cut would cost local governments about $30 million annually needed to cover project impacts.
by Walter AlaskaNews5mo ago3 min read
Hilcorp seeks Cook Inlet gas storage lease at Beluga River — part of how Southcentral plans to get through winter as gas production declines
Hilcorp seeks gas storage lease at Beluga River in Cook Inlet to manage Southcentral's winter demand surge. • The site overlaps critical habitat for the endangered Cook Inlet beluga whale, population around 300. • Alaska Department of Natural Resources is taking public comment on the application.
by Alaska News5mo ago2 min read
Anchorage Assembly to vote on free land for natural burial cemetery
Anchorage Assembly will vote on giving a 9.6-acre parcel worth $583,000 to a nonprofit to build a natural burial cemetery in South Anchorage, avoiding municipal construction costs as the city's main cemetery nears capacity.
by Alaska News5mo ago2 min readFrom 
ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy
The Arctic Refuge lease sale brought in $3.7 million from two bidders, a modest showing compared with the recent NPR-A sale’s 11 companies and $163 million-plus in receipts.
by Walter AlaskaNews5mo ago3 min read
DOT proposes 20-year FAA deals at three rural airports, no rent
You know what they say, everything good in this life is free
by Alaska News5mo ago1 min read
Trump invokes Defense Production Act; makes way for new Alaska coal plant
Trump invoked the Defense Production Act and is trying to push $89m to help build a coal plant in Alaska
by Cale Green5mo ago3 min read
Bering Air seeks Nome and Unalakleet lease updates — at the same airports the NTSB is investigating
Bering Air is seeking lease extensions at Nome and Unalakleet airports while the NTSB investigates the February 2025 crash of Flight 445 that killed 10 people, citing overweight aircraft as a major factor.
by Alaska News5mo ago2 min read
Thursday, Jun 4
Assembly to hear natural burial cemetery proposal for South Anchorage
Anchorage Assembly votes June 9 on giving a 9.6-acre South Anchorage parcel to Alaska Natural Burial to operate the city's first natural burial cemetery at no taxpayer cost.
by Lucas Brownadded 5mo ago3 min read
More from Economy & Business
HEX Operating files to renew Cook Inlet spill plan
HEX Operating filed June 3 to renew its Cook Inlet oil spill response plan covering potential discharges up to 82,500 barrels. • The renewal comes as HEX expands drilling with state-backed financing, raising stakes for Cook Inlet salmon habitat and subsistence fishing. • Public comment period runs through July 6, with hearing requests due by June 22.
by Alaska News5mo ago2 min read
State wins option to buy 25% of Alaska LNG after investors commit
Alaska secured the right to buy up to 25% of the Alaska LNG project after private investors commit, with six months to decide whether to invest between $230 million and $1.16 billion.
by Alaska News5mo ago2 min read
Two Mat-Su subdivisions approved — and the small details say something about how the borough is growing
Mat-Su Borough Platting Board approved two subdivisions Thursday • Palmer project scaled to three lots after sewer extension costs ruled out six-lot plan • Lakeside development near Parks Highway approved for seven tracts accessible by float plane • Utility costs and geography shape where borough growth actually happens
by Walter AlaskaNews5mo ago2 min read
Kuparuk Pipeline seeks 76% capacity expansion for North Slope crude
Kuparuk Transportation Company seeks to expand its pipeline capacity 76 percent, from 360,000 to 634,000 barrels per day, to move more North Slope crude into the Trans Alaska Pipeline System.
by Maggie AlaskaNewsadded 5mo ago2 min read
Sitka's next step in a multi-year federal road safety push — RFQ goes out as SS4A program nears its authorized end
Sitka is hiring a consultant to move its federal road safety project forward before the Safe Streets and Roads for All program's authorization expires September 30, with qualifications due July 8.
by Alaska News5mo ago1 min read
Glenfarne's own cost estimate for Alaska LNG is now significantly higher than AGDC's — and the state's equity option sits in the middle of the new math
Glenfarne raised Alaska LNG cost estimate to 44.5 to 54.5 billion dollars, up from state agency's 38.7 billion. • Legislature can buy 5 to 25 percent equity stake within 180 days after final investment decision. • Property tax reform is central to project financing, with current rates costing roughly 380 million dollars yearly during construction.
by Walter AlaskaNews5mo ago3 min read
DNR approves 800-cubic-yard gravel contract on Dalton Highway
Alaska DNR approved an 800-cubic-yard gravel contract for North Star Construction on the Dalton Highway near milepost 154, in a corridor recently transferred from federal to state control.
by Alaska News5mo ago2 min read
Hilcorp, ENSTAR seek leases for three Cook Inlet gas storage sites
Hilcorp and ENSTAR filed three applications to convert depleted Cook Inlet gas fields into storage facilities, a move the state says is critical as the inlet's aging reserves decline and supply reliability becomes a concern for Southcentral Alaska.
by Alaska Newsadded 5mo ago1 min readAbout 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
RTO schedules closed subcommittee meetings for June 10–11
The Railbelt Transmission Organization will hold three closed subcommittee meetings June 10 and 11 to discuss technical standards, transmission tariffs, and financing for Alaska's 700-mile electric grid serving two-thirds of the state's population.
by Alaska Newsadded 5mo ago1 min read
ConocoPhillips seeks North Slope road upgrades for Willow haul
ConocoPhillips filed an amended permit Friday to upgrade a North Slope gravel road for hauling Willow oil project modules, expanding the easement footprint by 1.6 acres. Public comment closes June 30.
by Alaska Newsadded 5mo ago1 min read
Four Alaska co-ops file community solar tariffs in two-day span
Four Alaska electric cooperatives filed community solar programs this week, letting members buy shares in shared arrays instead of installing rooftop panels.
by Alaska Newsadded 5mo ago2 min read
Bartlett Regional Hospital posts 39 job openings in one week
Bartlett Regional Hospital posted 40 job openings in one week, about half of all Juneau-area listings, spanning nurses, doctors, support staff, and administrative roles as the hospital works to fill vacancies and expand housing for employees.
by Alaska News5mo ago1 min read
Peltola cites fuel costs as barrier to rural Alaska campaign stops
Democrat Mary Peltola wrapped a rural Alaska campaign tour by small plane and boat to reach villages where fuel costs exceed $6 a gallon, pressing affordability as her main message against Republican incumbent Dan Sullivan in the August primary.
by Alaska Newsadded 5mo ago2 min read
DEC opens comment on Trans Alaska Pipeline spill plan renewal
Alaska's environmental agency opened public comment on the Trans Alaska Pipeline's spill-response plan renewal through March 5, covering the 800-mile system from Prudhoe Bay to Valdez.
by Alaska Newsadded 5mo ago1 min read
GVEA files 62% cost-of-power increase with regulators
Golden Valley Electric Association's cost-of-power surcharge rises 62 percent on June 1, going from $0.12779 to $0.20652 per kilowatt-hour. For a 600 kilowatt-hour household, the change adds about $47 to the monthly bill. State Representative Zack Fields told a legislative committee that Interior utilities have leaned more on diesel as gas supply tightens.
by Alaska Newsadded 5mo ago2 min readFour Alaska utilities file community-energy tariffs in 72 hours
Four Alaska utilities filed tariff proposals this week to launch community-energy programs under 2024 state law, letting renters and homeowners buy shares in shared renewable projects without rooftop equipment.
by Alaska Newsadded 5mo ago2 min read
Alaska job centers promote tax credits for hiring ex-felons
Alaska's 13 job centers promote federal tax credits and bonding insurance to employers who hire people with felony records, offering employers up to 40 percent of first-year wages in tax breaks.
by Walter AlaskaNewsadded 5mo ago1 min read
Alaska raises rural power subsidy floor, cutting support $3M
Alaska's Regulatory Commission proposed raising the Power Cost Equalization baseline rate nearly 10 percent, cutting rural electricity subsidies by about $3 million. • The subsidy shrinks when urban power costs rise because the baseline is tied to Anchorage, Fairbanks, and Juneau rates. • Chugach Electric and Fairbanks power costs are climbing, driven partly by diesel dependence and higher gas prices.
by Alaska Newsadded 5mo ago2 min read
Dunleavy warns of 45-cent power without gas-line tax deal
Governor Dunleavy warned that without a gas-line tax bill passed in three weeks, Alaska could face power costs of 35 to 45 cents per kilowatt hour within five to 10 years.
by Alaska Newsadded 5mo ago3 min read
Alaska LNG developer says financing secured, eyes 2027 start
Alaska LNG developer says financing is secured and construction could start in early 2027, with gas flowing to Cook Inlet by late 2029, pending legislative approval of tax terms and regulatory sign-off on a gas supply deal.
by Alaska Newsadded 5mo ago2 min readAlaska LNG nears Enstar supply deal as Cook Inlet gas declines
Alaska LNG is near a deal to supply North Slope gas to Southcentral Alaska homes and businesses through Enstar Natural Gas at prices below imported LNG, with pipeline construction set to start in early 2027 and gas delivery by late 2029.
by Alaska Newsadded 5mo ago3 min read
Trump says China agreed to buy 200 Boeing planes, up to 750 total
Trump said China agreed to buy at least 200 Boeing planes with a promise of up to 750 total, plus 400 to 450 General Electric engines, as part of trade deals made during his Beijing visit.
by Alaska Newsadded 5mo ago1 min read
DNR approves North Slope easement for Hilcorp drilling expansion
Alaska DNR approved a 71.91-acre easement amendment Monday allowing Hilcorp to drill new wells from its North Slope onshore pad through existing leases to reach offshore oil reserves in the Beaufort Sea, with drilling to begin this month.
by Alaska Newsadded 5mo ago1 min readWednesday, Jun 3
Southcentral utilities warn of steep rate hikes as Cook Inlet gas dwindles
MEA and ENSTAR told lawmakers Southcentral electricity and heating bills will jump $21 to $31 monthly starting in 2029 when Cook Inlet gas contracts expire and utilities switch to costlier imported liquefied natural gas.
by Alaska News5mo ago3 min read
Cook Inlet gas production drops 60% since 2010
Cook Inlet natural gas production has dropped 60% since 2010 to 200 million cubic feet per day, leaving winter demand unmet and forcing utilities to plan for costly LNG imports starting in 2033.
by Alaska News5mo ago2 min read
Alaska keeps veto power over LNG project despite 25% stake
Alaska keeps veto power over major Alaska LNG decisions despite owning only 25 percent of the joint venture with Glenfarne Group, including approval rights over contracts, capital requests, and rate structures that prioritize in-state gas use.
by Walter AlaskaNews5mo ago2 min read
Federal highway chief commits to King Cove Road action
Federal Highway Administrator committed to finalize the Road, an 11-mile project connecting the community to Cold Bay's airport, and will visit Alaska in late June.
by Walter AlaskaNews5mo ago2 min read
Alaska LNG tax bill ties $26.5B in revenue to volume, not value
Senate bill would tax Alaska LNG by volume instead of property value, generating $26.5 billion in state and local revenue. • The shift trades potentially higher property tax income for tax certainty to attract the project developer. • Mayors oppose the bill, saying municipalities would lose hundreds of millions in annual property tax revenue.
by Walter AlaskaNews5mo ago2 min read
ConocoPhillips files amended Meltwater easement application
ConocoPhillips filed an amended application to renew a state easement for surface access to Meltwater infrastructure on the North Slope, with the Alaska Department of Natural Resources accepting public comment through its Permitting Section.
by Alaska Newsadded 5mo ago1 min read
Consultant warns Senate Finance that Alaska LNG faces megaproject risks
Consultant warns Senate Finance that Alaska LNG faces megaproject risks, citing data showing 67% of LNG projects exceed budgets by 70% on average.
by Walter AlaskaNews5mo ago2 min read
Mat-Su removes gravel permit barrier in Knik-Fairview
The Mat-Su Assembly voted 6-1 to remove comprehensive plans as a binding standard for gravel permits, replacing it with a requirement that planners give plans due consideration but are not bound by them.
by Walter AlaskaNews5mo ago2 min read
Tuesday, Jun 2
Three years after Typhoon Merbok, Alaska's rebuild continues
Can we build it, yes we can!
by Bill AlaskaNews5mo ago2 min read
