TransCanada looks to enhance Canadian Mainline healthy gas pipeline
TransCanada announced skeleton to enhance a Canadian Mainline tube in southern Ontario as it reported an softened second-quarter distinction compared with a year ago.
The association says it skeleton to spend $160 million to boost ability of a healthy gas pipeline. The plan will supplement application and compared comforts to ride an additional 80 million cubic feet of healthy gas per day.
Meanwhile, TransCanada pronounced it warranted $881 million attributable to common shareholders or $1.01 per diluted share for a entertain finished Jun 30.
That compared with a distinction of $365 million or 52 cents per diluted share in a same entertain final year.
Revenue for a entertain totalled scarcely $3.22 billion, adult from $2.75 billion a year ago.
CEO Russ Girling pronounced a alleviation was due to a merger of a Columbia Pipeline Group final year, clever opening in a pipelines businesses and aloft gain from Bruce Power.
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Article source: http://www.cbc.ca/news/canada/calgary/transcanadca-expand-mainline-gas-pipeline-1.4226181?cmp=rss