by Lori Tipton
Tuesday, January 27, 2009
ANCHORAGE, Alaska -- Some state Senate members were brought up to speed on the progress of the two companies competing to build a natural gas pipeline on Tuesday.
The main thing lawmakers are worried about is how the falling price of natural gas will impact investment in the project.
TransCanada said the more important thing is to keep the project on schedule and keep the costs down, because cost overruns will eat into the future profitability of the pipeline.
"We will be continuing to focus on low cost for this project, keeping the tolls under $3, schedule and attracting customers," said Tony Palmer, a vice president for TransCanada.