Alaska utility’s geothermal loan delayedNaknek Electric Association needs $1.5 million for well work, but some members oppose new debt for co-op now in bankruptcy Wesley Loy For Petroleum News
Naknek Electric Association is running into some resistance in its effort to borrow more money to continue a troubled geothermal drilling project.
The small Southwest Alaska electric cooperative, which in September filed for Chapter 11 bankruptcy protection from creditors, wants the court to approve....
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