quote:
ANCHORAGE, Alaska — Gov. 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.Beginning at the Republican National Convention in August, the McCain-Palin ticket has touted the pipeline as an example of how it would help America achieve energy independence.
"We're building a nearly $40 billion natural gas pipeline, which is North America's largest and most expensive infrastructure project ever, to flow those sources of energy into hungry markets," Palin said during the Oct. 2 vice presidential debate.
Despite Palin's boast of a smart and fair bidding process, the AP 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, as TransCanada must first overcome major financial and regulatory hurdles.
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posted 25 October 2008 12:57 PM
