Thursday, May 22, 2008

Predictable Palin Promotes TransCanada

"May 22, 2008, Anchorage, Alaska – Governor Sarah Palin, Department of Natural Resources Commissioner Tom Irwin and Department of Revenue Commissioner Patrick Galvin today released the AGIA Findings and Determination of the natural gas pipeline project as proposed by TransCanada Alaska Company, LLC and Foothills Pipelines Ltd. (TC Alaska) to the State of Alaska.

The commissioners’ conclusion and analysis of the natural gas pipeline project proposed by TC Alaska is that it merits issuance of the AGIA license because it maximizes the benefits to Alaskans."

In addition to promoting the TransCanada project, the Governor says the TransCanada pipeline makes a "Y" line or spur line possible for a future Liquefied Natural Gas (LNG) project.

The Governor also made a point to downgrade the ConocoPhillips/BP Denali gas pipeline.

Next stop - The legislature has 60 days to pass a bill approving the issuance of the license.

We'll see how this next step goes. It will take some time to digest the press release.

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