TransCanada moves ahead with Vaughan pipeline project

TransCanada Corp., Calgary, reported that it is moving forward with its Vaughan pipeline project and associated facilities as part of $475 million gas pipeline and facility expansions within the Eastern Triangle portion of the Canadian Mainline system.

Construction of TransCanada’s Kings North Connection, Parkway West Connection, and Hamilton Area Project are expected to cost $255 million and be in-service in November 2015. The Vaughan pipeline and associated facilities are expected to cost $220 million and be in-service in November 2016.

“This is the next step of development for natural gas infrastructure in southern Ontario and is the result of collaboration between TransCanada, Enbridge Gas Distribution, Gaz Metro, and Union Gas,” TransCanada said.

“Over the past year, TransCanada has announced plans to invest almost $2 billion in facility enhancements to allow growing supplies of Marcellus gas to reach Ontario and Quebec markets,” said Russ Girling, TransCanada president and chief executive officer.

These projects are backed by long-term, binding agreements, TransCanada said, and are subject to regulatory approval.

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