TransCanada Corporation today announced that the Alberta Energy Regulator (AER) has approved the majority of the company’s applications to construct and operate the Grand Rapids Pipeline Project (Grand Rapids). Grand Rapids will comply with all regulatory requirements and is evaluating the conditions in the decision.
“We are pleased that the Alberta Energy Regulator has approved Grand Rapids. The pipeline will be a critical piece of infrastructure to support the long-term growth plans and increased oil production in the Alberta oil sands and other oil-producing areas in northern Alberta,” said Russ Girling, TransCanada’s president and chief executive officer. “With permits already received for Northern Courier and now Grand Rapids, we have made significant progress this year in advancing our capital program of Alberta regional liquids pipeline projects.”
YAHOO FINANCE – Market Wired – October 10, 2014.
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