TransCanada renews negotiations on proposed Alaska pipeline

By OGJ editors

HOUSTON, Mar. 28 -- TransCanada Corp., Calgary, renewed negotiations with the State of Alaska on the proposed Alaskan portion of the Alaska Highway Pipeline Project.

Company officials said the state extended to TransCanada the same offer that was made to MidAmerican Energy Holding Co. on Mar. 25. MidAmerican Energy, withdrew its application to develop a $6.3 billion gas pipeline under the Stranded Gas Act to transport gas from the North Slope to the Lower 48 (OGJ Online, Mar. 25, 2004).

TransCanada said it would work to resolve right-of-way issues in Alaska and is open to potential participation of various Alaska Native corporations.

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