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TransCanada Reports 3Q 2012 Horn River Results

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TransCanada Reports 3Q 2012 Horn River Results

TransCana provided an operational update to its Horn River operations.

Natural Gas Pipelines: Alberta System: During the first nine months of 2012, TransCanada continued to expand its Alberta System by completing and placing in service twelve separate pipeline projects at a total cost of approximately $680 million. This included the completion of the approximate $250 million Horn River project in May 2012 that extended the Alberta System into the Horn River shale play in British Columbia. The National Energy Board (NEB) has approved additional pipeline expansions with aggregate costs of approximately $630 million, including the $162 million Leismer-Kettle River Crossover project, which is intended to provide increased capacity to meet demand in northeast Alberta. Approximately $340…
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