Wednesday, December 10, 2008

INTERVIEW-TransCanada looks for more Alaska guarantees

By Scott Haggett (Forbes)

CALGARY, Alberta (Reuters) - TransCanada Corp , which was sanctioned by Alaska last week to build a $26 billion pipeline to ship the state's natural gas, wants the U.S. government to boost the loan guarantees offered for the project, its chief executive said Tuesday.

Hal Kvisle, chief executive of Canada's biggest pipeline and power company, said inflation has cut the value of the $18 billion in loan guarantees authorized in 2004 by the U.S. Congress, which was then looking to speed construction of the massive project.

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