Sell-Off

by C. W. Corssmit, Pres.; Integrated Utilities Group, Inc., Greenwood Village, CO,
Carol F. Streiner, (Aff.M.ASCE), Utility Economist; Integrated Utilities Group Inc., Greenwood Village, CO,
Jeffrey D. Brunsdon, Chf. Financial Ofcr.; City of Fairbanks, AK,
Bill Gordon, Vice Pres.; Golden Heart Utilities Inc., Fairbanks, AK,


Serial Information: Civil Engineering—ASCE, 1998, Vol. 68, Issue 11, Pg. 62-64


Document Type: Feature article

Abstract:

In 1996, the city of Fairbanks, Alaska, offered its Fairbanks Municipal Utilities System for sale to private bidders. Four different entities assumed ownership of the water and wastewater, electric, steam heat, and telephone utilities, but not before intense public scrutiny and state and federal government negotiations threatened to kill the deal. In the end, the transaction resulted in one of the first major privatization efforts of public utilities in the U.S.

Subject Headings: Utilities | Federal government | Wastewater management | Urban areas | Steam power | State government | Privatization

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