Friday, March 25, 2011

Palomar Gas Partners Back-Off Proposed Pipeline Project, Citing Insufficient Demand To Support It.


Published: Wednesday, March 23, 2011, 8:15 PM
Updated: Thursday, March 24, 2011, 8:08 AM

By Ted Sickinger, The Oregonian

Northwest Natural Gas Co. and TransCanada Corp. have withdrawn their joint venture's application to build the controversial Palomar pipeline, telling regulators that demand is insufficient to support the project in the near term. The announcement moves the project off the map and out of a labyrinthine regulatory process in Washington, D.C., where elaborate environmental studies and high-priced lawyers can quickly lay their own high-capacity pipeline into shareholders' wallets..... Read Full Ted Sickinger Report

No comments: