From The Fairbanks Daily News-Miner, Friday, July 30, 2010:
The Borough Assembly passed a resolution approving the port authority’s plan to purchase Fairbanks Natural Gas LLC and launch a natural gas trucking operation.
A separate measure calling for a public vote on the plan narrowly failed.
The $250 million project now goes before the Regulatory Commission of Alaska.
“People are waiting for energy relief,” Assemblywoman Kelly Brown said. “I don’t believe they need to wait anymore.”
Architects of the plan include municipal officials who belong to the Alaska Gasline Port Authority’s board of directors. The agency is backed by the Fairbanks North Star Borough and the city of Valdez.
They say the trucking operation will result in a 25 percent drop in natural gas prices in Fairbanks and a 6 percent drop in electric bills.