AIDEA.
| Author | Slaten, Russ |
| Position | INSIDE ALASKA BUSINESS |
The Alaska Industrial Development and Export Authority Board authorized the authority to purchase Pentex Alaska Natural Gas Company LLC and its assets, including Fairbanks Natural Gas, under AIDEA's Development Finance Program. AIDEA is authorized to invest up to $54 million in this project, which is the $52.5 million purchase price, plus working capital. Under AIDEA's temporary ownership of Pentex, Fairbanks Natural Gas will be in a position to work closely with...
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