ANCHORAGE, Alaska — It's still unclear just how much progress is being made behind the scenes on TransCanada's plan to build a massive gasline from the North Slope through Canada, with millions of Alaska state dollars.
Lawmakers once again peppered company vice president Tony Palmer with questions, Tuesday, and he once again emphasized that here's a lot he just cannot share.
First the good news -- TransCanada says on the technical and regulatory side of things, they're on-schedule. Palmer said there have been significant advances in the past year with planning and environmental work.
Problem is, the pipeline company is not having much luck finding customers.
Palmer said it's because of factors beyond their control, like the lower 48 market, which might not need Alaska’s gas just yet.
Some lawmakers, as you might imagine, are getting nervous about all this.
The state has already invested $94 million in the project through the Alaska Gasline Inducement Act, or AGIA. And they're potentially on the hook for hundreds of millions more.
