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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
  1.06 1.89% 57.26 57.24 57.25 57.28 56.48 56.52 1,101,174 20:02:45

TC Pipelines Moving Forward With GTN XPress Project

01/11/2019 11:26am

Dow Jones News


TC Energy (TSX:TRP)
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By Chris Wack

 

TC PipeLines LP (TCP) said Friday its Gas Transmission Northwest LLC interstate pipeline system will move forward with its GTN XPress project for $335 million.

The company said the project will provide up to 250,000 Dth/d of additional firm transportation service on the full path of the GTN system from Kingsgate, Idaho, to Malin, Oregon.

Also on Friday, TC Energy Corp. (TRP) said its West Path Delivery Program will connect with the GTN XPress Project to deliver the volumes to downstream markets.

TC Energy said the West Path Delivery Program is underpinned by about 258 million cubic feet per day of new firm service contracts with terms that exceed 30 years, starting between the fourth quarter of 2022 and the fourth quarter of 2023.

The company said applications for approvals to construct and operate the facilities are expected to be filed in 2020 and, pending receipt of regulatory approvals, construction is expected to start as early as fourth quarter 2021.

GTN XPress is expected to be completed through a multi-phase construction process by November 2023.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

November 01, 2019 07:11 ET (11:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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