Skip to comments.Begich urges state to consider loan guarantee for pipeline
Posted on 09/21/2011 5:03:45 AM PDT by thackney
U.S. Sen. Mark Begich has urged the state to consider a loan guarantee that would help with financing for a major Alaska natural gas pipeline.
In a letter to Gov. Sean Parnell released Tuesday, Begich said it would be very difficult for the state's congressional delegation to get an increase in the federal loan guarantee anytime soon. Begich cited the recent push in Washington to cut federal spending, as well as increased scrutiny on loan guarantees for energy projects.
Federal loan guarantees for the pipeline currently stand at about $21 billion. Project costs released by TransCanada Corp. have ranged from $20 billion to $41 billion, depending on the pipeline's route. The longer route, running from Alaska's North Slope to Alberta, Canada, where gas could then be moved to North American markets, would cost from $32 billion to $41 billion.
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If solar panels are installed on it they’ll be a shoe-in for that free government money.