Petersburg Pilot -

JUNEAU, Alaska (AP) _ Alaska regulators conditionally approved the transfer of BP’s interest in the trans-Alaska pipeline system to an affiliate of Hilcorp as part of a proposed $5.6 billion sale that also includes other BP interests and assets in the state.

In an order dated Monday, the Regulatory Commission of Alaska also conditionally signed off on the transfer of interests in Point Thomson and Milne Point pipelines. The order requires updated filings by Harvest Alaska LLC, to reflect it is now considered a Hilcorp affiliate.

It also requires a filing stating BP Pipelines accepts initi...