Kenneth Lay, once the toast of Houston’s social community and referred to by President Bush as “Kenny Boy,” on Thursday pleaded innocent to 11 criminal charges in connection with his actions at the failed company that he founded, Enron Corp. Lay, 62, who faces charges that in total carry 175 years in prison if he is convicted, also was charged by the Securities and Exchange Commission (SEC).
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Difficult Social/Regulatory Issues Have Choke Hold on Mackenzie Valley Project
While the Alaska pipeline will cost three times more than the Mackenzie Valley Pipeline to build and is at least twice as complex with several more governments involved and with very rugged terrain to build through in Northern Alaska, TransCanada PipeLines CEO Hal Kvisle is more pessimistic about the eventual development of the much smaller, technically easy Mackenzie Valley project.
April 20, 2004
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