Additional information needed to address concerns
The sale of BP’s Alaska assets to Hilcorp Energy Company and affiliates is still pending approval by the Regulatory Commission of Alaska, or RCA, and other state agencies.
The RCA, within Alaska’s Department of Commerce, regulates utilities and pipeline carriers in the State of Alaska. Other State of Alaska agencies are advising the RCA on aspects of the transaction and have their own statutory authority to approve or deny the transaction.
Hilcorp’s request for confidential financial documents is questioned
Hilcorp filed financial information in late 2019 and requested that the RCA keep those documents and the sales agreement confidential. They argued that releasing these documents to the public would cause “competitive harm.”