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Economy

A plan for the state to subsidize Alaska refineries by up to $300 million in direct aid and tax credits over the next five years is needed to stabilize their operations, according to the Parnell administration. But some legislators are skeptical.Dermot Cole
If the state opts to go into the natural gas business and collects its royalty and tax payments in the form of fuel, it will either lower or raise the economic risk. The House Finance Committee heard two different views from consultants Thursday.Dermot Cole
Republican leaders in the state House have scheduled a floor vote on a fast-track measure to raise the minimum wage in Alaska, a plan that has far more to do with oil politics than anything else.Dermot Cole
The Senate Finance Committee added the University of Alaska Fairbanks power plant to the capital budget Wednesday, a $245 million addition that pushes the total plan to $2.1 billion.Dermot Cole
While the Department of Environmental Conservation commissioner says his staff didn't do enough to explain its tough cleanup standard on sulfolane outside the North Pole refinery, the Division of Spill Response and Prevention presented detailed backup material in February.Dermot Cole
The new Barrow hotel on Alaska's North Slope will have 70 guest rooms, about twice as many as the old one, and three conference rooms. It will be the largest ever in Barrow by far.Alex DeMarban
The spring revenue forecast says state income in this fiscal year is likely to climb by $374 million, compared to the last report issued in December. But the 2014 prediction is $1.4 billion below the prediction in the spring 2013 forecast. Dermot Cole
The Pebble Partnership's minority shareholder Rio Tinto gifted its stake in the agreement to two Alaska charities Monday, effectively cutting ties with the controversial mine proposal.Suzanna Caldwell,Alex DeMarban
A new economic report looks at the challenging history of Alaska's telecommunications industry and how technology has improved over the years.Megan Edge
The arguments over spilled sulfolane up to 3 miles from the Flint Hills Refinery took a new twist Friday when the Department of Environmental Conservation commissioner ruled that the agency may have misinterpreted its regulations in setting a cleanup level.Dermot Cole

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