Monday, August 5, 2013

TransCanada Pipeline To Expand

TransCanada is calling it the biggest capital expenditure in company history: a 12 billion dollar Energy East pipeline that will bring Alberta oil through to the Irving Refinery in Saint John. TransCanada President Russ Girling says demand by potential customers was higher than anticipated. The pipeline proposal will use existing TransCanada pipe through northwestern Ontario to Quebec City with construction of a new leg from there to Saint John.