Monday, October 27, 2008

Palin's Pipeline

AP:
Governor Sarah Palin's signature accomplishment - a contract to build a 1,715-mile pipeline to bring natural gas from Alaska to the Lower 48 - emerged from a flawed bidding process that narrowed the field to a company with ties to her administration, an Associated Press investigation shows.

...Despite Palin's boast of a smart and fair bidding process, the investigation found that her team crafted terms that favored only a few independent pipeline companies and ultimately benefited the winner, TransCanada Corp.

And contrary to the ballyhoo, there's no guarantee the pipeline will ever be built; at a minimum, any project is years away; TransCanada must first overcome major financial and regulatory hurdles.

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