Business Briefs

Posted: Thursday, March 22, 2001

Homer Electric will supply power to BP plant

Homer Electric Association has reached an agreement with BP Exploration (Alaska) Inc. to sell four megawatts of power to the experimental gas-to-liquids plant BP is building in Nikiski.

BP will pay for construction of transmission lines and a substation to serve the plant, which it expects to open during the second quarter of 2002. BP will use the plant to test new technology for turning natural gas into synthetic crude oil.

"The new BP substation also boosts our existing transmission and distribution infrastructure, ultimately improving reliability for all our customers," said Norm Story, Homer Electric general manager. "If the plant does not continue operation beyond the initial three to five years, the new substation will continue to be useful for the HEA system. For this period of time that the plant is in operation, Homer Electric will receive $1 million in revenue, which will be used to directly offset the cost of power purchased from Chugach (Electric Association)."

Seward hosts economic forum

Seward residents will brainstorm economic development goals at an economic outlook forum Tuesday from 9 a.m. to 5 p.m. at the Alaska Vocational Technical Center student services building. A board meeting of the Kenai Peninsula Borough Economic Development District follows at 5 p.m.

Members of the public also can call the EDD at 283-3335 to arrange to attend the EDD board meeting by teleconference.

Soldotna Chamber Plans outdoor show booth

The Soldotna Chamber of Commerce plans to host a booth at the Great Alaska Sportsman Show April 5-8 at the Sullivan Arena in Anchorage. It will hand out copies of its 2001 Soldotna Recreation Guide, calendar of events and Kenai Peninsula map. The show generally draws more than 20,000 visitors to obtain information, look for vacation destinations and make reservations.

Food forum planned in Homer

The World Trade Center Alaska sponsors a Food Forum April 6 from 9 a.m. to 4 p.m. at Land's End Resort in Homer.

The purpose is to bring food production stakeholders together to expand profitable business opportunities. The trade center invites food producers, transportation and logistics providers, food industry specialists, government officials, educators and utilities to attend. The cost is $15.

Panel presentations will cover global market trends, quality control and practices, customizing, branding, price and profitability, technology, packaging, temperature monitoring and transportation systems.

Featured speakers include Barbara Belknap, Alaska Seafood Marketing Institute; Pat Shanahan, International Seafood Consultant; Lisa Goche, Surefish; Craig Wiese, Alaska Science & Technology Foundation and Alaska Manufacturers Association; Gail Marshall, Phoenix Food Consulting; Steve Grabaki, Graystar; Ryan Hill, NET Systems; and representatives from Alaska Airlines, DHL, FedEx, Mover's Inc., Panalpina, TOTE, and United Airlines.

The agenda is available online at or by calling (907) 278-7233.

Allstate recognizes local firm

NBA Insurance Services in Soldotna recently received the Chairman's Inner Circle Award from Allstate Insurance Co.

The award recognizes outstanding achievements of Allstate agencies across the United States, including dedication to Allstate goals of customer satisfaction, retention and profitability. NBA Insurance is one of three Allstate-appointed independent agency recipients in Alaska.

Wells Fargo Home Mortgage posts record earnings

Wells Fargo Home Mortgage earned a record $310 million in 2000, up 17 percent from 1999 earnings. The National Bank of Alaska home mortgage office became a Wells Fargo Home Mortgage Store last July.

Wells Fargo Home Mortgage posted annual originations of $67 billion, down 18 percent from 1999. Refinancings accounted for 15 percent of year 2000 originations.

Wells Fargo & Co. reported total originations of $76 billion last year, including $9 billion originated by First Security Corp., with which Wells Fargo & Co. merged in October.

The Wells Fargo Home Mortgage managed servicing portfolio reached $453 billion in the fourth quarter. The company services more than 4.1 million home loans nationwide.

KAKM plans Sheldon documentary

KAKM and Phillips Petroleum Co. plan to produce a high-definition television documentary about bush pilot Don Sheldon, including historic films of Sheldon taken by Lowell Thomas Jr. Sheldon died in 1975 after a lifetime of pioneering flights around and onto Mount McKinley.

The video will premier on KAKM's first broadcast of digital television in May 2002. It also will be sold to the public in videocassette format as a fund-raiser. KAKM will produce and edit the film with part of a $200,000 grant from Phillips to cover extraordinary costs of converting the station to digital broadcasting.

Knorr, Bird honored

The Funny River Chamber of Commerce and Community Association recently honored Ruth Knorr and Pat Bird for their years of service with the Gaming Committee and other association activities.

Micro Loan sources listed

The Free Enterprise Institute in Washington, D.C., has published a booklet, "Directory of Micro Loan Sources," with information on how and where to obtain Small Business Administration loans of up to $25,000 from participating nonprofit intermediary lenders. Nonprofit lenders also provide management and technical support.

The booklet includes state-by-state lists of participating nonprofit intermediary lenders plus telephone numbers and e-mail addresses for the people responsible for approving and dispersing loans. Copies of the booklet are available for $5 from Free Enterprise Institute, Micro Loan Sources, Dept. DMLS-0313, P.O. Box 96071, Washington, D.C. 20090-6071. For information, visit or call (202) 595-1032.

TOTE promotes Deaver

Totem Ocean Trailer Express has promoted Bill Deaver to vice president and Alaska general manager. He will continue to be responsible for all operations, sales, marketing, traffic and administration in TOTE's Alaska division, including Fairbanks and the Kenai Peninsula, and will assume duties as a corporate officer.

Computer workshop offered

The Small Business Development Center and New Frontier Votec plan a six-hour workshop titled "Introduction to Windows and Computers" March 27 and 29 from 6 p.m. to 9 p.m. Cost is $100. To register, call Lou at the SBDC at 262-7497.

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