State buys out TransCanada AKLNG.

• Position: BUSINESS - Liquefied natural gas - Brief article

In the third special session this year, the Alaska Legislature voted to buy out TransCanada's 12.5 percent ownership of the Alaska LNG project.

SB 3001 appropriates approximately $68,455,000 to the Alaska liquefied natural gas project fund for the state to acquire the interests of TransCanada. The bill also appropriates $75,600,000 for the State's continued participation...