11:13:10 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2023-09-25 C$ 49.06
Market Cap C$ 50,899,152,891
Recent Sedar Documents

Globe says Enbridge, rival see CER rule in TMX favour

2023-09-26 08:12 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Globe and Mail reports in its Tuesday edition that the Canada Energy Regulator has approved Trans Mountain's application to modify the pipeline's route. A Canadian Press dispatch to The Globe reports that the CER made the ruling Tuesday. It did not release the reasons for its decision Tuesday, saying those will be publicized later. By siding with Trans Mountain the regulator is allowing the pipeline company to alter the route slightly for a 1.3-kilometre stretch of pipe in the Jacko Lake area near Kamloops as well as the construction method for that section. Trans Mountain had warned that sticking to the original route could result in up to a nine-month delay in the pipeline's completion. Trans Mountain has been hoping to have the pipeline completed by early 2024. However, its application was opposed by the Stk'emlupsemc te Secwepemc Nation. In its regulatory filing, the first nation stated that it only consented to the pipeline's construction with the understanding that Trans Mountain would minimize surface disturbances by implementing specific trenchless construction methods. The Trans Mountain pipeline is Canada's only pipeline system transporting oil from Alberta to the West Coast.

© 2024 Canjex Publishing Ltd. All rights reserved.