06:36:39 EDT Thu 28 Mar 2024
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TransCanada Corp
Symbol TRP
Shares Issued 923,545,486
Close 2019-04-17 C$ 62.35
Market Cap C$ 57,583,061,052
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Globe says NEB considers new TransCanada review in B.C.

2019-04-18 08:58 ET - In the News

The Globe and Mail reports in its Thursday edition that the National Energy Board is set to decide whether it will examine plans for a 1.5-kilometre pipeline that would connect TransCanada's Coastal GasLink project in British Columbia with an existing energy network in northeast B.C. which extends into Alberta. The Globe's Brent Jang writes that the short but important route has been raised by B.C. environmentalist Mike Sawyer as part of his arguments submitted to the NEB to persuade the regulator that oversight of the $6.2-billion Coastal GasLink project in B.C. should be federal and not provincial jurisdiction. Coastal GasLink received regulatory approval within B.C. in 2014 to proceed with plans to construct a 670-kilometre pipeline from northeast B.C. to Kitimat. The $18-billion terminal, for exporting liquefied natural gas to Asian markets, is being built by LNG Canada. Mr. Sawyer argues that the NEB should conduct a full federal review of Coastal GasLink. He points to the short line to connect Coastal GasLink with TransCanada's Nova Gas Transmission Ltd. (NGTL) system in B.C. that leads into Alberta. If that connection is made, it would clear the way for natural gas from Alberta to reach Kitimat.

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