TransCanada Corp., has signed a memorandum of understanding (MOU) with Alaska, which now will resume processing TransCanada's ROW application.
TransCanada already holds federal authorizations, including ROW, to construct the pipeline through Alaska, as well as through Canada, said Alaska Gov. Frank H. Murkowski Tuesday.
TransCanada also expresses interest to assume leadership of the Alaska segment as an independent pipeline sponsor. In the MOU, Alaska and TransCanada recognize the critical importance of the state and North Slope producers' timely resolution of upstream issues related to the project.
TransCanada, which said it was willing to accept Alaska partners in the pipeline development project, will reimburse the state for right-of-way processing costs and as much as $1.5 million for stranded gas act application processing costs.
