Natural gas for the Interior

 

Board members from The Fairbanks north star boroughs municipal natural gas utility are looking at the governors financial package meant to bring natural gas to Fairbanks.

Governor Sean Parnell announced a 355 million dollar financial package to get LNG to the interior.

Most of the funding comes from low cost loans, although there are some grants.

the Interior Alaska Natural Gas Utility was formed by the borough, the city of Fairbanks and North Pole this fall.

The borough wants it to be the lowest cost energy option for consumers in the interior .

They hope to cut the cost of energy by 50 percent.