Category: Export/Power Lines/Railroads

CALGARY – Oilsands plants will net price premiums of up to $20 a barrel by extending exports to the Gulf of Mexico coast, TransCanada Corp. president Harold Kvisle predicted Thursday.

Thirsty Texas and Louisiana refineries routinely pay more than crowded markets closer to the Alberta bitumen belt.

TransCanada is poised to build new southbound links to the Gulf facilities.

Oilsands supplies are sought after in the region as secure and reliable replacements for unpredictable imports from declining production sources in Venezuela and Mexico, he said.

About $5.2 billion in construction will start this spring on the first and longest leg in a planned new oil route from the Hardisty pipeline hub southeast of

Edmonton to the U.S. gulf coast, Kvisle told an industry conference held by Insight Information.

Read the entire article here:

http://www.canada.com/edmontonjournal/news/business/story.html?id=b455f07a-839a-4d34-8c17-f70a5641db47&k=25665 

Gov. Brian Schweitzer says he will help backers of a proposed power transmission line secure permits for the project that spans between Montana and Alberta.

The project, known as the Montana Alberta Tie Line, has secured financing and Canadian regulatory approval, said Johan van’t Hof. But the chief executive of the project’s parent company said federal and state approval in Montana has been delayed.

The biggest problem has been delays with the U.S. Department of Energy, which is now promising to complete a review that it originally said would be done in September, said van’t Hof, of the Tonbridge Corp. He said U.S. Sen. Max Baucus has already put pressure on the DOE.

Read the entire story here:

http://www.helenair.com/articles/2008/01/17/state/65st_080117_albertapower.txt