In the 1995 PBA Governors Cup Finals, Alaska Milk, coach by Tim Cone, came back from a 2-3 series deficit to beat the Beermen in seven games to retain the Governor's Cup title and scored their first win over San Miguel in a championship series.
After 11 years, in the 2009-10 PBA season, Alaska and San Miguel played again in the championship during the 2010 PBA Fiesta Conference, the Alaska Aces scored a 4-2 series victory, to prove their superiority over the San Miguel franchise, winning four of their last five finals meeting.