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January 13, 2017

Alaska board OKs gas utility merger

FAIRBANKS, Alaska (AP) — The board of directors for Interior Gas Utility has agreed to purchase Fairbanks Natural Gas from the state for more than $58 million.

As part of the deal approved Tuesday, Interior Gas Utility would also get a processing plant in Point Mackenzie and transportation trucks. The state has agreed to provide $125 million in state project financing to help build an expanded natural gas utility system in the region, The Fairbanks Daily News-Miner reported.


 
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