Exxon & TransCanada - It's official(?) - Update

Details are few, but the overall picture is shaping up - all three producers with gas, TransCanada, and $500 million of Alaska State AGIA money are all on board one of two gas pipeline projects. Even the Federal Government is on track to increase the total value of loan guarantees.

Next stop - Open Season 2010? Project consolidation?

TransCanada press release: (LINK)

According to the website of Office of the Federal Coordinator

Federal Coordinator Drue Pearce is delighted by today’s news that ExxonMobil has agreed to join TransCanada in its effort to construct a pipeline to commercialize Alaska North Slope gas.

I'll hold off on being delighted until I read a press release from ExxonMobil. Details - Let's hear some details (ExxonMobile News Release Link)