Decree provides fuel pricing protections
Attorney General Michael C. Geraghty announced Monday that the state has filed a consent decree in Alaska Superior Court to resolve competitive concerns with Hilcorp Alaska LLC’s acquisition of Marathon Oil Company’s Cook Inlet assets.
The consent decree provides consumers in Southcentral Alaska substantial pricing protections over a five-year period, while still encouraging new investment in the exploration and development of Cook Inlet’s natural gas resources.
“Hilcorp is well known in the oil and gas industry as an active developer in mature oil and gas basins such as Cook Inlet,” Geraghty said. “It plans to spend approximately $300 million over the next two years on new Cook Inlet development.”
The key feature of the proposed consent decree is a cap on the price of natural gas sold to local utilities and Cook Inlet industrial users for the next five years. The decree also prevents Hilcorp from selling gas for LNG export until all local needs are met.
Comments on the proposed settlement can be submitted to the Alaska Superior Court for 60 days following the filing of the consent decree. Following the comment period, the Superior Court will hold a hearing to determine whether to approve or reject the consent decree.
Prevent snow buildup on vessels
The Coast Guard 17th District encourages Alaska mariners to winterize their vessels and prevent excess snow from accumulating on moored vessels this winter.
Coast Guard personnel in Valdez and Juneau will be working with local harbormasters to patrol small boat harbors and identify boats in danger of sinking due to snow build up.
Preventative measures will be taken to prevent vessels from sinking, but the vessel’s owner may be responsible for covering any costs incurred as a result of these services.
Last year, six vessels sank due to excessive snow build-up in Valdez and Juneau.
ACS makes faster Internet available
Homer customers of Alaska Communications can now take advantage of faster 4G LTE wireless broadband network.
The broadband provider announced Friday that its customers with 4G-enabled devices will have access to much faster wireless data speeds in nearly a dozen Alaska cities.
In addition to Homer, customers can tap into 4G networks in Anchorage, Fairbanks, Kenai, Palmer, Seward, Soldotna, Wasilla and Whittier. The company’s 4G LTE broadband speeds are claimed to be 10 times faster than its current 3G data speeds.
LTE stands for Long Term Evolution, and is the fourth generation of the wireless broadband standard. To take full advantage of the new high-speed network, customers will need a 4G LTE-enabled device.
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