trending Market Intelligence /marketintelligence/en/news-insights/trending/_oSwRlH6L5o494_Ta14d1Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Gas utility moves forward with $60M acquisition of Alaska-owned competitor

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

Gas utility moves forward with $60M acquisition of Alaska-owned competitor

The board of Interior Gas Utility in Fairbanks, Alaska, authorized the municipal utility's $60 million acquisition of Pentex Alaska Natural Gas Co. as part of an effort to create a single gas utility that could lower costs for area residents.

The approval allowed the general manager of the Interior Gas Utility, or IGU, to execute a purchase and sales agreement and a finance agreement with the seller, the Alaska Industrial Development and Export Authority, or AIDEA. AIDEA, which acquired Pentex in 2015, is expected to vote on the deal on Dec. 7, the report said.

The deal would be in keeping with "the IGU mission ... to provide low cost, clean burning, natural gas to the most people in the Fairbanks North Star Borough as soon as possible," according to a Dec. 5 resolution. The IGU voted 5-2 to push through with the deal, the Fairbanks Daily News-Miner reported Dec. 6.

The acquisition is expected to bring the region closer to its goal of $15/Mcf of gas, according to IGU General Manager Jomo Stewart.

The IGU board also approved financing for the development of the region's planned Interior Energy project, a joint initiative between AIDEA, the Alaska Energy Authority, the Department of Commerce, Community and Economic Development, the Department of Revenue and the Department of Natural Resources. The project would establish natural gas infrastructure under a non-profit public utility controlled by the state.