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Senate Finance advances Trans Canada buyout bill


JUNEAU, Alaska (AP) – The Senate Finance Committee on Monday advanced legislation that would authorize funding for a buyout of one of the state’s partners in a major proposed gas project.

The committee advanced a version of Gov. Bill Walker's legislation that includes $157 million requested by the administration to buy out TransCanada Corp.'s interest and continue work by the state toward advancing the project. The figure initially was a bit higher but the departments of Revenue and Natural Resources submitted revised funding requests that were lower. The buyout portion itself is estima...

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