homeWelcome, sign in or click here to subscribe.login
     


 

 

Construction


Subscriber content preview

August 26, 2015

Governor wants Alaska to pay $100M for TransCanada's equity in LNG project

By BECKY BOHRER
Associated Press

JUNEAU, Alaska — Gov. Bill Walker said Monday that he plans to recommend to legislators that the state buy out TransCanada Corp.'s position in the major liquefied natural gas project that Alaska is pursuing.

Under an agreement that predates Walker's administration, TransCanada, a Canadian pipeline company, would hold the state's interest in the pipeline and gas treatment plant, with the state having an option to buy back part of that interest. During the legislative debate on the issue in 2014, it was cast as a way for the state to not have to bear as much in upfront costs as it would without that partnership.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.