TransCanada plans to conclude its open season on 30 June, 2010, and is currently working on certifications from the US Federal Energy Regulatory Commission and Canada’s National Energy Board. Its pipeline project is estimated to cost between $26 and $30 billion. An agreement between TransCanada and the State of Alaska requires the company to proceed toward certification by regulatory bodies even if the open season is unsuccessful in attracting sufficient capacity commitments.
Denali, on the other hand, will hold its open season in late 2010. Sources in the producing companies said they expect the project cost to exceed $30 billion, according to the report. The Denali pipeline group said it is increasing its work, and plans to have 300 to 400 people in the field next summer, up from 80 this year. The group plans to spend $600 million preparing for its open season.