CHEYENNE, (AP) - 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 Hub in western Wyoming to Malin, Oregon. El Paso Corp. is developing the $3 billion pipeline. Company officials say construction could begin next spring if the Federal Energy Regulatory Commission approves. Governor Dave Freudenthal says the new line would help get Wyoming gas to West Coast markets.