JUNEAU, Alaska (AP) — An executive with TransCanada Corp. says the company has no immediate plans to ask the state of Alaska for additional funding to advance a major gas line project.
Under the Alaska Gasline Inducement Act, or AGIA, TransCanada is eligible for up to $500 million in reimbursable costs for its work. Reimbursement to date is about $200 million, according to a spokesman for the Alaska gas pipeline office. TransCanada had focused mainly on a line that would run from the North Slope to Canada but the company has shifted attention to a line that would run through Alaska to tidewater, along with the North Slope’s three major players.
When asked if TransCanada would seek additional funding, the company’s Tony Palmer said TransCanada is not seeking changes to AGIA at this point.
