Gov. Sarah Palin said today that a joint application from TransCanada Alaska Co. LLC and Foothills Pipelines Ltd. was the only application under the Alaska Gasline Inducement Act to satisfy all of the mandatory requirements set out under the act.
The governor said the state only needs one good application and the administration believes it has that.
The TransCanada application to build a project to take Alaska North Slope natural gas to market now moves to the evaluation phase, in which the commissioners of Natural Resources and Revenue will determine whether TransCanada’s application proposes a project that will sufficiently maximize the benefits to Alaskans and merits issuance of the exclusive AGIA license.
A 60-day public comment period begins Jan. 5 and closes March 6. Public comments will be part of the review by the commissioners.
If the commissioners determine that TransCanada’s project will maximize benefits to Alaskans, they will forward it to the Legislature for approval.
Five companies applied under AGIA: AEnergia LLC, the Alaska Gasline Port Authority, the Alaska Natural Gas Development Authority, Little Susitna Construction Co. Inc. (Sinopec ZPEB) and TransCanada.
All applications and public comment procedures are online at www.state.ak.us, along with letters to applicants who did pass the completeness determination.