With the passage of a new oil tax regime in Senate Bill 21, companies in Alaska are considering new investments in the energy market. KDLG’s Chase Cavanaugh has details of one company’s forecast of this new energy economy.
The Alaskan economy relies greatly on mass transportation. With food in particular, much is shipped in from somewhere in the lower 48. However, there is a rising interest in Alaska agriculture and the USDA has announced more support for new farmers. KDLG’s Chase Cavanaugh has more.
The Alaska Department of Labor and Workforce Development periodically releases statistics on unemployment across the state. They’ve released the latest numbers for the month of May, revealing a mixed series of trends. KDLG’s Chase Cavanaugh has more.
Commercial fishermen in Bristol Bay are hoping for higher prices for their sockeye catch this year. That may or may not happen but last year’s prices are finalized. Recently the Alaska Independent Fishermen’s Marketing Association compiled the price information from last season.
For most of the United States, 2008 began the great recession, a period of economic volatility and increased unemployment. However, even seven years out, Alaska has experienced very positive job growth. KDLG's Chase Cavanaugh has more.
The local electric cooperative for the Dillingham area is seeking public comments on a proposed rate increase that is scheduled to take effect in mid-June. A number of factors have come together to negatively impact the financial position of the Nushagak Cooperative. Those factors include a downturn in sales due to the unseasonable warm winter and the short seafood processing season that the region experienced last year.
An organization that represents thousands of small businesses in Alaska has come out in opposition to Ballot Measure 1, which would repeal the new oil tax regime in Alaska. KDLG’s Mike Mason has the story.
The State of Alaska held an oil and gas lease sale earlier this month for large chunks of the Cook Inlet and Alaska Peninsula Areas. A total of 43 bids were received by the Alaska Division of Oil and Gas. 40 bids were received for the tracts in the Cook Inlet area-wide sale but just 3 bids were made for tracts in the Alaska Peninsula lease sale.
The Alaska Air Group will buy back up to $650-million dollars of stock, in a move approved by the Board of Directors. The buyback will equal about 10-percent of the company’s current market capitalization and comes on the heels of the current $250-million dollars stock buyback.