AGIA And TransCanada Starting To Look Like A Bad Deal For Alaska; TransCanada Couldn't Start Alaska Gas Pipeline Until 2015

Published: July 25, 2008, 3:16 am

Tags: natural gas pipeline, agia, natural gas

As I learn more information about Sarah Palin's Alaska Gasline Inducement Act (AGIA), I become more skeptical about the prospects for success. On July 24th, 2008, on his radio show, KFQD's conservative shock jock Dan Fagan played an audio clip from TransCanada CEO Harold Kvisle. In this clip, Kvisle states that, before TransCanada constructs an Alaska gas pipeline, they would have to complete the following:(1). The $5.0 billion Keystone project, Phase One.(2). The expansion of the Keystone project.(3). The Mackenzie Valley pipeline.Only when those three objectives were accomplished would TransCanada start on the Alaska gas pipeline. And the earliest start date - 2015.Yet the producers who propose the alternative Denali gas pipeline, BP and ConocoPhillips, could start IMMEDIATELY. Of course, the fact that they actually hold the leases permits an earlier start.TransCanada, 2015. BP and ConocoPhillips, 2008. Now which of the two do YOU think better serves Alaska's interest?The Fairbanks

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