02:05:03 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 708,563,077
Close 2014-10-29 C$ 55.11
Market Cap C$ 39,048,911,173
Recent Sedar Documents

Post says TransCanada wrestles with unhappy gas clients

2014-10-30 08:54 ET - In the News

The Financial Post reports in its Thursday edition TransCanada will submit an application for its $12-billion Energy East pipeline today amid a dispute that threatens to pit Western Canadian oil producers against natural gas distributors in the East. The Post's Yadullah Hussain writes TransCanada's proposal to transport 1.1 million barrels per day of Alberta crude to Eastern refineries and an export terminal in New Brunswick, is already facing rising opposition from environmentalists. The company is also seeing resistance from its natural gas customers such as Gaz Metro opposed to repurposing 3,300 kilometres of a natural gas pipeline for oil. Energy East would apportion about 600 million cubic feet from the export system as the U.S. East Coast market is now well supplied by the domestic Marcellus and Utica shale basins, says TransCanada's Karl Johannson. "Holding that excess capacity may compromise the Energy East project, and lose the benefits of the pipeline." One report estimates the pipeline will reap $35-billion in GDP benefit to Canada and $10-billion in taxes over 20 years. Gaz Metro says the pipeline section between North Bay and Ottawa is now fully used by customers at peak winter periods.

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