Troubled Alaska power utility forges on
Naknek Electric, mired in bankruptcy, obtains permit to drill second geothermal well as flow testing continues on initial hole
For Petroleum News
A small electric cooperative in southwestern Alaska has obtained a state permit to drill a second geothermal well.
Meanwhile, work continues on the utility’s first well — a project that forced the Naknek Electric Association into Chapter 11 bankruptcy reorganization due to cost overruns.
The co-op i....
[additional news subjects in this story]
Testing first well
Permit for second well approved
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