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Official: ‘Multiple bids’ on gas line proposal
Story last updated at 7/30/2010 - 7:23 pm

Associated Press

JUNEAU— An official with TransCanada Corp. says the company has received “multiple bids” from “major industry players and others” in its proposal to build a natural gas pipeline in Alaska.

Tony Palmer, TransCanada’s vice president of Alaska development, says he’s encouraged about the line’s prospects moving forward — provided that unspecified “key conditions” are met.

TransCanada ended its 90-day process of seeking shipping commitments for a proposed line Friday. It faces competition from Denali-The Alaska Gas Pipeline, which began its own open season a few weeks ago.

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