BP-Conoco Denali Pipeline Granted Open Season

Law360, New York (June 8, 2010, 5:42 PM EDT) -- The Federal Energy Regulatory Commission has signed off on a proposal by a joint venture owned by BP PLC and ConocoPhillips Co. to solicit customers for its planned natural gas pipeline through Alaska and Canada.

The joint venture, dubbed Denali — The Alaska Gas Pipeline LLC, secured approval from FERC on Monday, allowing the project to seek binding, multiyear, multibillion-dollar financial commitments from customers, according to Dave MacDowell, spokesman for the Denali project.

The project's so-called open season will start July 6 and run for a...
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