11/9/19 Fairbanks Utility Wants To Buy LNG Facility But Is The Whole Deal Financially Feasible? We’ve Never Thought So.
Credit: http://www.thedailysheeple.com/the-west-is-on-the-wrong-path_082014 Commentary: With fuel oil prices low and the true cost of serving too few natural gas customers being high -- would enough oil-heated homes convert to gas to make the Interior Energy Project feasible? Gas rates to customers are subsidized, and artificially low. How can the repayment of loans to AIDEA be guaranteed? Meanwhile, the cash-strapped state could be investing the several hundred million going to Fairbanks subsidies for market-based income. That means the rest of the state at a time of budget shortfalls is subsidizing [...]