TransCanada received a license to lay a 2,760 km pipeline from the Prudhoe Bay in Alaska to the port of Alberta in Canada at a total investment of 27 billion dollars. The pipeline would follow the route of the existing trans-Alaska oil pipeline The pipeline is due to transmit 4.5 bcf of natural gas per day via Canada to the US. The government of Alaska intends develop the natural gas reserves discovered over a decade ago in the North Slope but which have remained untouched due to the lack of a means to transmit the reserves hitherto to consumers. TransCanada is one of the continent’s largest providers of gas storage and related services with approximately 355 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, controls or is developing approximately 10,900 megawatts of power generation