by Megan Baldino
Monday, June 28, 2010
ANCHORAGE, Alaska -- Competing natural gas pipeline firms TransCanada and Denali denied rumors Monday that they plan to merge. The comments come after the Houston Chronicle reported that the two partnerships were in preliminary merger talks.
Dave McDowell with Denali said Monday that there has been no discussion with TransCanada or Exxon, while TransCanada vice president Tony Palmer told the Dow Jones Newswires he had nothing new to report.
A spokesperson for the Parnell administration also said it had heard nothing about merger talks.
TransCanada is already in its open season bidding process, and Denali begins its 90-day open season July 6.
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