The Nebraska pipeline expansion approval quashed the last regulatory hurdle for the nearly decade-old project, but the Nebraska Public Service Commission denied TransCanada's preferred route.
Nebraska's Public Service Commission today approved the pipeline's passage in a 3-2 vote, although not along the preferred route for the $10-billion project.
Carr was in the heart of Canada’s oilpatch for private meetings with corporate leaders, amid continuing worry about lack of progress on proposed oilsands export pipelines.
The asset package is comprised of eight facilities with total generating capacity of 76 megawatts. The proceeds from the sale will help fund TransCanada’s $24 billion near-term capital program, CEO Russ Girling said in a statement.
I was a senior officer of TransCanada Pipelines when the Energy East project was conceived and developed commercially, up to the mid-summer of 2014 when I retired (I continue to be a shareholder but obviously I am no longer a company insider).
"I think it is unfortunate for the country that we are not going forward with a project that would be great for our national interests," said Mark Cooper, president of the Saskatchewan Construction Association.