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Politics : View from the Center and Left
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To: Sam who wrote (92498)10/30/2008 10:39:45 AM
From: Snowshoe  Read Replies (1) of 541906
 
>>this Transcanada deal does not appear to be in Alaska's interest--it is all fluff and pretense, with no substance<<

That may be true, but Sarah Palin did what the voters and legislature wanted! She fulfilled a major campaign promise by getting AGIA passed and awarding a pipeline license through an open bidding process. AGIA may end up being a stupid and costly waste of money, but it was a bipartisan group effort.

>>The person who was in charge of negotiating this deal worked for Transcanada in the past<<

So what? She's had a long career with the State of Alaska, and just a brief association with TransCanada some years ago. AGIA held a public open bidding process. Two other major natural gas infrastructure companies, MidAmerican Energy and BG Group, were expected to make serious bids but failed to show up. TransCanada was the only company that submitted an acceptable bid.

>>the companies that Transcanada is counting on to use the pipeline and to provide the financing for its construction, were the same companies that were virtually excluded from the bidding!<<

But the companies that own the gas have always been free to propose their own pipeline project, and they don't need the state's financing! BP and COP are now working on such a proposal. Ultimately, if the economics support a pipeline then it's widely expected that the two projects will be combined via negotiations.

I'll comment further in my response to Mme Syb.
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