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Alaska Legislature OKs Huge Gasline Project

Juneau, AK – The Alaska Legislature has approved Alaska Gasline Inducement Act, an exclusive license for TransCanada Corp. to permit, develop and build a 1,715-mile natural gas pipeline from Prudhoe Bay to the Alberta Hub in Canada. The TransCanada Alaska gasline would be the largest construction project in the history of North America, capable of shipping 4.

September 15, 2008

Juneau, AK – The Alaska Legislature has approved Alaska Gasline Inducement Act, an exclusive license for TransCanada Corp. to permit, develop and build a 1,715-mile natural gas pipeline from Prudhoe Bay to the Alberta Hub in Canada.

The TransCanada Alaska gasline would be the largest construction project in the history of North America, capable of shipping 4.5 billion cubic feet per day through the 48-inch-diameter line, the Alaska Journal of Commerce reported. The line would also have the expansion capability of up to 5.9 billion cubic feet per day.

“Today, with the affirmative vote of both chambers of the Alaska State Legislature, we now begin a lifelong partnership with a company that has shown its true commitment to Alaska's future,” Gov. Sarah Palin said Aug. 1.

TransCanada Corp. has constructed many natural gas pipelines and currently operates more than 36,000 miles of natural gas pipelines in North America. In its application, TC commits to nearly two dozen items that ensure that the project provides the jobs and energy for Alaskans, and the greatest amount of revenue for the state, the governor said.

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