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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Snowshoe1/26/2008 1:52:33 PM
   of 570
 
Conoco suggests pipeline meeting -
LETTER: Oil company says Palin doesn't understand what the project will require.

By WESLEY LOY, wloy@adn.com
(01/26/08 00:12:51)

Conoco Phillips, whose gas pipeline bid was bluntly rejected by Gov. Sarah Palin, has fired back with a letter saying she has "an apparent misunderstanding" of what it takes to complete the multibillion-dollar project.

The letter urges Palin to keep the Conoco proposal in the game as a "viable alternative."

And it says Conoco has drafted a plan for dealing with a key sticking point -- how the state should tax the gas that would go into the pipe. The letter challenges Palin to pull together a group of administration officials and legislators to talk about the plan.

The letter is signed by Conoco's Alaska president, Jim Bowles. Palin, in her Jan. 9 rejection letter, had addressed the Texas company's highest-ranking officer, chief executive James Mulva.

The exchange intensifies the high-stakes chess match going on between the state and bidders for a natural gas pipeline, one of Alaska's top economic development dreams.

more: adn.com
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