Business Briefs

Posted: Thursday, July 06, 2000

Soldotna Progress Days are coming

The 40th annual Progress Days celebration comes to Soldotna July 21 through 23.

Events include a performance by the Top Cover band from Elmendorf Air Force Base, a magic show, remote-controlled model car races, a bazaar and quilt show at the Soldotna Senior Center and children's events at the Peninsula Center Mall. A parade down Binkley Street is July 22 at 11 a.m.

Oil and gas proposals under study

The Alaska Division of Oil and Gas is evaluating two applications for licenses to explore for oil and gas in the Yentna, Kahiltna and Susitna River drainages. The two proposals cover areas of 474,240 acres each.

The Division of Oil and Gas will take public comments on the proposals until July 24. It also solicits competing proposals to explore in areas of 10,000 to 500,000 acres. Those may extend beyond the areas of the present two proposals.

For information, call Jim Hansen at the Division of Oil and Gas at 269-8804.

Soldotna chamber speakers announced

Soldotna Chamber of Commerce luncheon speakers are Wesley Drown of Om Development on Dena'ina Dig 2000 on July 11, Jim Kelly, director of communications, Alaska Permanent Fund Corp., on July 18 and Barrett Hatches, president of Enstar Natural Gas Co. on July 25. Chamber luncheons are Tuesdays at noon at Riverside House.

Process proposed for renewing pipeline leases

The Alaska Department of Natural Resources takes public comment until Aug. 14 on proposed regulations to set a process for renewing pipeline right-of-way leases on state land.

A prime impetus for the new rules is the May 2, 2004, expiration of state leases for the Trans-Alaska Pipeline, but the regulations would apply to all state pipeline leases.

A public hearing is Aug. 3 from 4 to 7 p.m. at the Legislative Information Office, 716 West 4th Ave., Suite 200 in Anchorage. The public also can testify from teleconference sites at Barrow, Fairbanks Valdez and Juneau.

The regulations would require lessees to apply for renewal at least two years prior to lease expiration unless another date is specified in the lease or unless the commissioner of DNR waives the deadline. Before renewing a lease, the commissioner would have to determine that the lessee is in compliance with state law and with lease requirements. The commissioner also would have to examine components of the pipeline, determine their useful life and set the term of the new lease consistent with their life.

For information, call Johanna Munson of the State Pipeline Coordinator's Office, 271-5070.

COMTECH 2001 set for February

The South East Regional Resource Center in Juneau sponsors COMTECH 2001 in Juneau Feb. 7 and 8.

The convention is to feature more than 70 technology training seminars, hands-on labs, demonstrations, industry experts and trade show exhibitions.

Tesoro buys gas stations

Tesoro West Coast Co., a subsidiary of Tesoro Petroleum Co., recently closed the purchase of eight retail fueling facilities in Colorado, Arizona, Idaho, South Dakota and New Mexico from Gary-Williams Retail Co. The price was not released.

Seven of the facilities are located on Wal-Mart properties. Tesoro will lease land from Wal-Mart.

Alaska USA receives top rating

Alaska USA Federal Credit Union received a five-star rating in June from Bauer Financial Reports Inc. for safety, soundness and financial stability. This is the highest rating a financial institution can receive from Bauer Financial, an independent banking analyst.

Alaska USA Federal Credit Union is a member-owned cooperative with assets of $1.6 billion.

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