FERC stops review until pipeline project set
Saturday, September 1, 2012
ANCHORAGE, Alaska (AP) — Federal regulators have stopped the review process for an Alaska gas pipeline until TransCanada Corp. decides whether the pipeline will carry gas across Canada to Lower 48 markets or it will pursue a liquefied natural gas option.
The Federal Energy Regulatory Commission on Wednesday filed that conclusion in its semiannual report to Congress.
TransCanada holds an exclusive license to build a major natural gas pipeline in Alaska.
The company had announced it would hold a market solicitation of interest from possible shippers from Friday through Sept. 14.
Those responding will be able show interest in either type of project. The solicitation will be non-binding but intended to give the company an opportunity to hear from potential customers and see if it's on the right track with a project.