Pipeline investment approved CHEYENNE, WY (wpr) - Wyoming's top statewide elected officials have given the state Treasurer's Office authority to negotiate a possible $300 million state investment in a proposed natural gas
pipeline.
The five officials, sitting as the State Loan and Investment
Board, voted Thursday to approve the investment provided the
Treasurer's Office can reach acceptable terms.
The 42-inch Ruby Pipeline line would extend 675 miles from the
Opal (oh-PAL') Hub in western Wyoming to Malin, Ore.
El Paso Corp. is developing the $3 billion pipeline. Company
officials say construction could begin next spring if the Federal
Energy Regulatory Commission approves.
Gov. Dave Freudenthal says the new line would help get Wyoming
gas to West Coast markets.
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