The third proposal, Calpine, has already gone down in flames. The Port Authority proposal is non-viable because it is not competitive with the Alaska Highway route due to adding the extra steps of liquifying and putting the product on tankers only to offload and put in the Canada pipeline anyway. Besides, Port Authority lacks the financial depth of pocket to construct the project.
I can see that -- most public entities do not have enough funds to properly invest in anything. However, that doesn't seem to stop them from trying, does it?
Gov. Frank Murkowski has halted negotiations with the port authority and is focused solely on closing a deal with the three oil companies for their $20 billion (euro16.7 billion) pipeline proposal. Murkowski spokeswoman Becky Hultberg said the governor's office has not seen the lawsuit and could not comment.