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TransCanada Corp
Symbol C : TRP
Shares Issued 918,021,065
Close 2019-01-11 C$ 53.86
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Globe says TransCanada sees NEB gear up for challenge

2019-01-14 09:14 ET - In the News

The Globe and Mail reports in its Monday edition that a $6.2-billion pipeline project, already disrupted by opposition from hereditary chiefs in the B.C. Interior, will be undergoing scrutiny to determine whether a fresh regulatory review is required. The Globe's Brent Jang writes that the National Energy Board is poised to examine an application from Mike Sawyer, an environmentalist from Smithers, B.C., who argues that TransCanada's Coastal GasLink needs federal approval. Coastal GasLink received provincial regulatory approval in 2014 to proceed with plans to construct a 670-kilometre pipeline from northeast B.C. to a West Coast terminal. The plant, for exporting liquefied natural gas to Asian markets, will be built by LNG Canada. All 20 elected indigenous bands along the pipeline route have signed project agreements. The Office of Wet'suwet'en hereditary chiefs opposes the line's construction. The NEB declined to add the office and 45 other parties to its list of intervenors, saying the narrow focus for now is on the issue of regulatory jurisdiction. Mr. Sawyer filed his application last summer. The NEB was not automatically obligated to hear his case, but decided last month to schedule proceedings.

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