Walker authorizes funds for TransCanada buyout

By Becky Bohrer
Thursday, November 5, 2015 10:00pm
News

JUNEAU, Alaska — Gov. Bill Walker has signed legislation authorizing funding for a buyout of one of the state’s partners in a proposed gas project.

Walker signed the bill one day after it received final approval in the Legislature. Standing behind him as he signed the bill were leaders of the House and Senate Finance committees, which conducted hearings on the bill during the special session. The session officially ended Thursday after 13 days.

The Senate passed the legislation authorizing the buyout of TransCanada Corp.’s interest in the gas project and giving the state an increased share in it on a vote of 16-3 Tuesday. The vote was 39-0 in the House Wednesday.

Walker said he thinks the vote was reflective of a united desire to have a gas line.

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