Ravn estimates that a liquidation would raise no more than $41 million. That would not be enough to pay the claims of the unsecured creditors, which include Anchorage-based Petro Star, GCI and Northern Air Cargo.
Anchorage Assembly members are considering whether to spend $100,000 to hire an independent analyst to monitor an ongoing modernization project at the Port of Alaska.
With declining flow rates on the Trans-Alaska Pipeline, state talks shorter contracts to sell royalty oil
Golden Valley Electric Association is favoring oil over natural gas to fuel large generators in North Pole. The move reduces the utility’s role as an anchor tenant for the state-backed Interior Energy Project.
The Alaska State House has a approved a deal to give the state’s refineries – and one fertilizer plant — up to $200 million in subsidies.
A bill crafted by the Administration would prop up Alaska’s three remaining oil refineries with $150 million in state funds.