TransCanada Corporation (TRP)

[Timothy Smith]

Alaska Gov. Walker says he plans to recommend that the state buy out TransCanada's (TRP +2.3%) position in the major liquefied natural gas project Alaska is pursuing.

Walker estimates buyout costs would total ~$100M.

The other partners in the project are Exxon Mobil (NYSE:XOM), BP, ConocoPhillips (NYSE:COP) and the Alaska Gasline Development Corp., which would hold the state's interest in liquefaction facilities.

No decision has been made yet on whether to build the project, which is in a phase of preliminary engineering and design.