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Alaska agency to hold public hearing on oil assets sale

ANCHORAGE, Alaska (AP) – The Regulatory Commission of Alaska has scheduled a public hearing on proposed sale of a share of the trans-Alaska oil pipeline, denying a request by BP-Alaska and Alaska Hilcorp Energy Co. to approve the transaction without a hearing. The five-member Regulatory Commission of Alaska oversees utilities and intrastate pipelines. BP-Alaska has proposed selling its Alaska assets to Hilcorp for $5.6 billion, including its 48% share of the pipeline. The commission announced Friday that the hearing will be Feb. 4 in Anchorage. Officials say the hearing will allow the public to give additional comment on BP’s sale of its share in the 800-mile pipeline.

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