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Share Name | Share Symbol | Market | Type |
---|---|---|---|
TC Energy Corporation | TSX:TRP | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.17 | -0.34% | 49.15 | 49.10 | 49.25 | 49.45 | 48.91 | 49.35 | 4,015,304 | 21:14:58 |
NGTL expects that this approval will allow it to immediately progress construction activities in accordance with regulatory requirements, with compressor station field work expected to begin in December 2020 and pipeline construction activities expected to start in January 2021.
“We’re pleased to be moving forward with this project,” said Tracy Robinson, Executive Vice-President, President Canadian Natural Gas Pipelines and President Coastal GasLink. “This capacity is vital to our customers, our industry and to the people who rely on the energy we deliver. We estimate this project will create up to 5,500 well-paying construction jobs for both Indigenous and non-Indigenous workers and will bring a much-needed economic boost to communities across Canada, especially in Alberta.”
Once facilities are placed in service, which will occur through 2021 and into 2022, the 2021 NGTL System Expansion Project will provide critical incremental capacity to our customers for the safe and reliable delivery of the energy people need, every day. Customers critically anticipating these services include:
This project is a critical component of the $9.9 billion NGTL infrastructure program underway, which will add 3.5 Bcf/d of incremental delivery capacity between 2020 and 2024.
About the NGTL SystemIn Canada, we have a very large natural gas source known as the Western Canadian Sedimentary Basin (WCSB) in addition to smaller natural gas sources. The NGTL System is a 25,000-km (15,000-mile) pipeline system located primarily throughout Alberta and northeast British Columbia – where the WCSB is located – and connects with other pipeline systems to deliver gas across North America. According to the Canadian Gas Association, natural gas meets 35 per cent of Canada’s energy needs through heat and power. Learn more about the NGTL System by visiting Explore Energy.
About TC EnergyWe are a vital part of everyday life - delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our more than 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.
TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.
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Media Inquiries:Kelly Matthews / Jaimie Harding403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:David Moneta / Hunter Mau403-920-7911 or 800-361-6522
PDF available: http://ml.globenewswire.com/Resource/Download/346ee7b1-c730-436c-bf7f-7b53b4c395a6
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