Has there been discussion about Palin's TransCanada problem?

[AkFemDem]

Maybe there has been and I have missed it but I think this is bigger than the pregnant daughter lifetime movie channel story personally, because it's all 100% verifiable. This article touches on problems with this speculative deal but google and you will find the other problems include running our gas pipeline through a foreign country and losing jobs to Canada.


http://www.adn.com/front/story/482027.html
Leading the opposition to the TransCanada license was Senate President Lyda Green, a fellow Republican from Palin's hometown of Wasilla who in June abruptly ended her re-election campaign, saying her constituents had turned against her over Palin's pipeline plan.

Green predicted Friday the state license won't lead to TransCanada building a pipeline. She added that she didn't see the lopsided Senate vote as a personal defeat.

"It's just how people feel," she said. "They've been drawn to a conclusion I don't agree with."

Palin, who needed overwhelming support from Democrats to win the TransCanada vote, said in her press conference that the state never before had "commitments to build this line. Now we do."

That's incorrect.

TransCanada has not promised to actually build the gas line, one of the state's grandest and most frustrated economic development dreams.

The state license, awarded under the Alaska Gasline Inducement Act, or AGIA, which the Legislature passed at Palin's request last year, is not a construction contract and does not guarantee a pipeline will be built.

Rather, it's an exclusive deal under which the state will provide up to $500 million plus other incentives, such as a coordinator to speed up permits, in exchange for TransCanada doing its best to secure the customers, financing, and U.S. and Canadian regulatory clearances to build a line supplying not only Lower 48 gas consumers but Alaskans too.

If all goes according to plan, TransCanada wants to have the Alaska gas line up and running by late 2018.

However, if the current trend of high natural gas prices were to collapse, that could doom a gas line, the staggering cost of which has kept North Slope gas locked in the ground for more than 30 years.

[MrModerate]

1. My company, which will build anything for anybody . . .

(with a few FCPA-related exceptions) refused to get involved with this job because it stinks too bad.

[creeksneakers2]

2. I saw something about the pipeline on 60 Minutes

It would be way shorter than going through Alaska and cost only a fraction of what a pipe through Alaska would cost. The Alaska route is favored by many because they want the cash it will bring.