FERC Approves Denali Open Season Plan
June 7th, 2010 – Anchorage, Alaska - Today, the Federal Energy Regulatory Commission (FERC) approved the Open Season Plan filed by Denali – The Alaska Gas Pipeline, LLC. Denali will commence its open season on July 6th, 2010.
"We are pleased that the FERC has approved our open season plan," said Bud Fackrell, Denali President. "This approval confirms that Denali's plan is complete and consistent with FERC requirements. We look forward to beginning our open season in July of this year."
The U.S. open season process is overseen by the FERC, and is an important milestone in the development of the pipeline project. During the open season, Denali will be soliciting multi-year, multi-billion dollar financial commitments from its potential customers. These commitments are essential to a successful project, and indicate the level of market interest in Alaska's North Slope natural gas.
Click here to download the full Denali Report to the Federal Energy Regulatory Commision.