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August 24, 2015 – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has reached an agreement with Gaz Metro Limited Partnership (GMi), Enbridge Gas Distribution Inc. and Union Gas Limited (Local Gas Distribution Companies or the “LDCs”) that resolves the LDCs’ issues with Energy East and the Eastern Mainline Project.
The agreement ensures that Energy East and the Eastern Mainline Project will provide gas consumers in Eastern Canada with sufficient natural gas transmission capacity and reduced natural gas transmission costs.
TransCanada is proposing to construct, own and operate the Eastern Mainline Project, which will include approximately 279 kilometres of new natural gas pipeline facilities that will be integrated into the Canadian Mainline system upon completion. The project will also include the addition of nine compression units at five existing sites. The addition of this new natural gas transmission infrastructure will provide businesses, homes, schools and hospitals in Ontario and Quebec with access to a safe and diverse source of natural gas.