Northwest Natural Gas Co. and TransCanada Corp. withdrew their application to build the controversial Palomar pipeline.
They said that demand for the project was insufficient to support it at this time.
The announcement moves the project off the map and out of a labyrinthine regulatory process in Washington, D.C., where elaborate environmental studies and high-priced lawyers can quickly lay their own high-capacity pipeline into shareholders' wallets.
Yet NW Natural insists that the project isn't dead. The companies say they plan to submit a revised cross-Cascades pipeline proposal to regulators as early as next year, this time in conjunction with Northwest Pipeline, which operates much of the gas transmission system in Oregon and Washington.
Read more at OregonLive.com.