by Jason Lamb
Wednesday, March 31, 2010
ANCHORAGE, Alaska -- A federal agency has given the green light for TransCanada's open season plan to bid for transport of North Slope natural gas under the Alaska Gasline Inducement Act.
AGIA outreach coordinator Mark Morones says the Federal Energy Regulatory Commission approved TransCanada's plan Wednesday. At the end of April, producers will submit bids to the Alaska pipeline project committing to ship their gas through it.
The federal approval is another step in AGIA's open season process. It means FERC has decided there was enough detail and information about TransCanada's plan to move forward.
"Essentially, now, you're going to have the project just basically putting their terms out there," Morones said. "The plan is going to identify tariff structure, put out the costs -- all the information that these companies we're hoping will participate in this project need to see in order to make a determination: ‘Can I engage, can I make this commitment on this project and manage a profit on that?'"