Archive of: Alaska Politics



February Issue 3 2015

State pitches budget plans to rating agencies

JUNEAU — Gov. Bill Walker and top state revenue officials were in New York Feb. 2 and 3, pitching Wall Street that Alaska is still a good financial bet even with a huge hole blown in state revenues by the plunge in oil prices. Walker and the state team met with credit rating agencies Standard & Poor’s, Moody’s Investor Services and Fitch Ratings, hoping to persuade the institutions not to downgrade Alaska’s Triple-A credit rating on bonds.

Railroad cuts PTC ask, aims to finance remaining need February Issue 3 2015

Railroad cuts PTC ask, aims to finance remaining need

The Alaska Railroad Corp. is using some strategic financing to cut its fiscal year 2016 capital request to $18 million as it looks for ways to finance Positive Train Control. Before the legislative session, the railroad was preparing to ask the Legislature for $53.5 million over three years, with a $21.8 million request for the 2016 fiscal year.

Reaction mixed on proposed AIDEA purchase February Issue 2 2015

Reaction mixed on proposed AIDEA purchase

The Interior Energy Project has taken a “180,” just when it looked like everyone involved would have a chance to catch their breath. The Alaska Industrial Development and Export Authority announced its intent to purchase Fairbanks Natural Gas for $52.5 million Jan. 28 along with its sister companies under Pentex Alaska Natural Gas Co.