Alaska legislature to vote on TransCanada pipeline license

JUNEAU _ Alaska's House of Representatives will vote next week on a natural gas pipeline license for TransCanada Corp.

House Speaker John Harris said a solid majority in the House is expected to vote in favor of the license and a $500 million planning subsidy for the company. If it passes, the state Senate would have until midnight Aug. 2 to approve or reject it.

Gov. Sarah Palin has made the TransCanada license her top priority. But Palin is only the latest in a string of Alaska governors searching for the right formula to persuade a company or companies to build a pipeline to carry vast North Slope gas reserves to market.

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