Alaska's Gas Crisis: Soaring Bills & Looming Heating Costs

0:00Alaska's gas shortage has arrived, slamming electricity users in Fairbanks and the Matzu Valley with higher bills right now and home heating costs are next in line. Hillcorp, the main local gas producer, just raised prices 14% this month for the Matzu electric utility jumping to $9 per. 1,000 cubic feet from $7.89 with more hikes planned to hit $11.75 by 2028 AA. 49% increase overall. Fairbanks power prices have shot up nearly 50% since their 2020 low, now doubled in national average, as they lean harder on pricey. Diesel after losing cheaper gas supplies from the south. In Star, the big heating utility might add $12 a month to bills for a new $240 million storage project to handle. Tider local gas and future imports, while LNG tankers expected to cost at least 50% more, won't show up for a few years. Utilities call these deals

1:00a bridge to avoid worse shortages, but experts say decades of skip chances are renewables and better cooperation have. Alaskans locked into fossil fuels with bills only climbing from here. From your city, powered by AI, this is Anchorage News today.