CONCERT SEASON – Third-graders rehearse this morning at Keet Gooshi Heen Elementary School for their Winter Concert. The third-graders kick off the series of free school concerts held at the Performing Arts Center 7 p.m. Wednesday. (Sentinel Photo by James Poulson)
By SHANNON HAUGLAND
Sentinel Staff Writer
Coast Guard District 17 headquarters said today that [ ... ]
By SHANNON HAUGLAND
Sentinel Staff Writer
Keet Gooshi Heen Elementary School’s Winter Concert [ ... ]
By Sentinel Staff
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Police Blotter
Sitka Police received the following calls as of midnight last night.
December 2
At 11:21 [ ... ]
New Year’s Teaser/>Presented Dec. 31
Ramshackle Cabaret will present New Year’s Tease Unwrapped Dec. [ ... ]
By SHANNON HAUGLAND
Sentinel Staff
The Coast Guard called off the search today for the five abo [ ... ]
By SHANNON HAUGLAND
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Sitka Police received the following calls as of midnight last night.
November 27
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Meet Wednesday
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Sentinel Staff Writer
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Police Blotter
Sitka Police received the following calls as of midnight last night.
November 26
At 8:04 [ ... ]
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Bazaar Dec. 14
The annual Alaska Native Sisterhood Christmas Bazaar will be held 10 a.m. [ ... ]
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Sentinel Staff Writer
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From Alaska Beacon:
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Daily Sitka Sentinel
2 Oil Firms Try Again To Hide Deal’s Finances
ANCHORAGE (AP) — Two oil companies renewed a request for Alaska regulators to protect the financial information of Hilcorp Energy Co., in its proposed $5.6 billion purchase of BP Alaska assets in the state.
Hilcorp wants the Regulatory Commission of Alaska to shield its finances from public scrutiny during the proposed purchase, the Anchorage Daily News reported Tuesday.
The oil companies blacked out document sections related to Hilcorp’s financial fitness and access to capital in a filing with the regulatory agency Monday.
“Petitioners seek to protect and keep confidential” answers to questions about Hilcorp’s financial reserves and its ability to acquire capital, the companies wrote in a request for confidentiality.
The companies provided information related to crude oil spills since 2003, but sought to keep a wide array of other information from public view, including pipeline repairs and operational risk assessments related to the trans-Alaska pipeline.
After oil prices plunged, the commission requested additional details in April. The regulators asked whether the industry turmoil impaired Hilcorp’s ability to borrow money to finance the purchase.
The companies, which hope to complete the sale by June following regulatory approval, argue that disclosure could put Hilcorp at a competitive disadvantage.
BP in August announced plans to sell to Hilcorp operations in Alaska, including interests in Prudhoe Bay, the Point Thomson gas field and the trans-Alaska pipeline system. BP recently announced altered terms, including the allowance of slower payments, while the sale price has not changed since the proposed sale was announced.
The agency will make a future determination on the request for confidentiality, commission spokeswoman Grace Salazar said.
The Alaska Public Interest Research Group has pressed for disclosure of Hilcorp’s finances out of concern the private company may be too small to handle unexpected costs, such as a major oil spill.
“This doesn’t allow the public to engage on this in a substantive way,” said Phil Wight, who studied the deal for the consumer rights group.
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20 YEARS AGO
December 2004
Sitka Friends of Dance, Sitka Studio of Dance, Sitka Skippers, New Archangel Dancers and Sitka Belly Dancers will perform in the new third season performance of “The Nutcracker.”
50 YEARS AGO
December 1974
A local chapter of La Leche Keague International, an organization founded to help and encourage mothers who want to nurse their babies, will be organized here Thursday at St. Peter’s Parish House. For further information call Mrs. Wilton Dillan.
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