PG&E investment might break even
JUNEAU - More information about an investment in Pacific Gas & Electric shows the city might be better off than previously thought, staff members told the Juneau Assembly last week.
The city purchased a highly rated $2 million utility bond in PG&E last year. The California utility filed for bankruptcy protection last month. Finance Director Craig Duncan said the city should recover all of its money, but it might take between two and four years.
Duncan said it's unclear whether the city will be able to collect interest on its investment, although the company has indicated it would like to make payments. In a worst case scenario, the city might lose a quarter million dollars in interest over the next three years, Duncan said.
The city's $85 million investment portfolio is expected to earn nearly $5 million this year, he said.
Legislative television channel goes online
JUNEAU - "Gavel to Gavel," Alaska's live TV coverage of the Legislature, is now available on the Internet.
Public television station KTOO of Juneau and Alaska Communications Systems launched the C-SPAN-style service Tuesday, providing live audio and video via the World Wide Web.
The public can access both the live video and audio through the KTOO Web site, www.ktoo.org/gavel, and can listen or watch any time, from any place with Internet access and a personal computer. Users will need a computer with a sound card and speakers, Windows Media Player 6.4 or higher and a dial-up connection of 28.8 or 56k, or DSL cable modem service.
ACS is providing the Internet bandwidth for the project, while KTOO is providing the necessary equipment and software.