
The Regulatory Commission of Alaska has issued a final approval in the sale of BP’s Alaska assets to Hilcorp Energy Company and their affiliate, Harvest Alaska.
This purchase includes the transfer of the largest percentage of ownership of the Trans Alaska Pipeline System to Hilcorp Energy and their affiliate, Harvest Alaska.
The sale has been controversial. In March of 2020, the Regulatory Commission of Alaska issued an order approving the company’s request to keep their financial documents confidential. That order generated extensive public comments from Alaskans, including the Council.
One of the commissioners, Stephen McAlpine, dissented in that March order. He noted that he believed “airing these documents publicly and subjecting the entire transaction to intense debate far outweighs the petitioners’ interest in keeping them confidential.”
