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TransCanada seeks 30-day suspension of Energy East, Eastern Mainline project applications

Creamer Media Deputy Editor: North America
Oil and gas infrastructure company TransCanada said the viability of its Energy East pipeline and Eastern Mainline projects is in doubt after the Canadian National Energy Board (NEB) last month released a broader scope under which the environmental assessments (EAs) for the two projects will be dealt with. The TSX- and NYSE-listed oil and gas major has asked the NEB to suspend its applications for 30 days in an effort to stop the clock on the NEB’s application processing timeline, while giving TransCanada time to conduct a careful review of the changes announced by the NEB on August 23, regarding the list of issues and EA factors of the projects, while understanding how these changes impact the projects' costs, schedules and viability.

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