TransCanada still hopeful for gas line, calls for tax certainty

August 16, 2011 

Alaska legislators say they want more information on the prospects for a proposed pipeline that would move North Slope natural gas to markets in Lower 48 states so they can decide whether to continue backing it.

A spokesman for the company holding a state license for the $41 billion pipeline says its prospects would be enhanced if lawmakers would bring certainty to Alaska's natural gas tax structure.

Tony Palmer, vice president of major projects development for TransCanada, spoke today to the Senate Resource Committee in Anchorage.

He says the pipeline project is on schedule for technical and regulatory requirements but remains behind in lining up customers.

Palmer says shippers have been reluctant to commit to space in the pipeline without knowing fiscal terms the state will impose on natural gas.

Check back this afternoon for updates to this story.

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