State finalizes purchase of Fairbanks Natural Gas

Interior Alaska residents are expected to see a drop in their energy bills this winter now that the state has purchased Fairbanks Natural Gas.
The Fairbanks Daily News-Miner reports that the Alaska Industrial Development and Export Authority closed on the purchase of Pentex, the parent company that owns the natural gas distributor, last week. The purchase includes a gas processing facility in Point MacKenzie and two gas-powered trucks used to transport the fuel.
Gov. Bill Walker proposed the pur