BlueCrest gets a break from the state on $30 million loan

A state corporation agreed to modify the terms of a $30 million loan to BlueCrest Energy Inc.’s operation, shown here in southern Cook Inlet, on Dec. 1. The company blamed construction delays and a delay in tax credit payments from the state for its request to modify the loan. (Photo Courtesy/Alaska Industrial Development and Export Authority)
A state corporation has agreed to change the terms of a multimillion dollar loan to a Cook Inlet oil company. Texas-based BlueCrest asked for the lo