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State buys out TransCanada's interest in gas project

Tuesday, November 24, 2015 8:30am
- JUNEAU, Alaska (AP) - The state of Alaska has completed its acquisition of TransCanada Corp.'s interest in a major gas project. Gov. Bill Walker, in a release, called it an historic day. Legislators earlier this month approved funding for the state to buy out the Canadian pipeline company's interest in the project, giving the state a greater stake. The governor's office says Natural Resources Commissioner Mark Myers finalized the termination of the agreement that established TransCanada's participation in the project, and the state paid the termination amount, totaling about $64.6 million. TransCanada has transferred its interests in the project to the state-sanctioned Alaska Gasline Development Corp., Walker's office said.

Walker appoints Crosby to Anchorage Superior Court

Tuesday, November 24, 2015 8:15am
- JUNEAU, Alaska (AP) - Gov. Bill Walker has appointed attorney Dani Crosby to fill an upcoming Anchorage Superior Court vacancy. Crosby will succeed Judge Michael Spaan, who is retiring. Crosby, who has been in private practice, was one of four finalists for the job put forward by the Alaska Judicial Council. According to biographical information included in a release from Walker's office, Crosby has been a lawyer for nearly 20 years, with a focus on employment issues, complex business disputes and family law. Crosby also is president of the Alaska Bar Foundation. Walker said that reading the recommendations submitted by Crosby's peers, it's clear she has the sound judgment and character to make tough but fair decisions. 

Tesoro to buy Flint Hills assets in Anchorage, Fairbanks

Tuesday, November 24, 2015 8:00am
- FAIRBANKS, Alaska (AP) - Tesoro Corp. has announced that its Alaska affiliate will purchase a portion of Flint Hills Resources assets in Fairbanks and Anchorage. The Fairbanks Daily News-Miner reports that under the agreement, Tesoro Alaska will acquire a terminal at Fairbanks International Airport, including storage for 22,500 barrels of jet fuel. The San Antonio, Texas-based company has agreed to a multi-year contract with the North Pole terminal to provide better access to Interior Alaska. The deal also includes the purchase of all Flint Hills' wholesale fuel marketing contracts in Alaska. Tesoro will also gain an Anchorage terminal with 580,000 barrels of in-service storage capacity, a truck rack and rail loading capability. The former Flint Hills refinery in North Pole is not included in the purchase. The deal is expected to finalize before February.

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