by The Associated Press
Monday, June 7, 2010
JUNEAU, Alaska -- Federal regulators have approved plans allowing a second natural gas pipeline project in Alaska to begin seeking shipping commitments.
Monday's decision by the Federal Energy Regulatory Commission sets the stage for overlapping open seasons by competing projects.
TransCanada began its 90-day open season April 30; it holds an exclusive license with the state that provides up to $500 million to advance a project.
Denali, which got the go-ahead Monday and is proceeding without the special state incentives, plans to begin its open season July 6.