TC Energy Approves $1.5 Billion Columbia Gas Expansion After Profit ...
The Appalachia Supply Project would add 800 million cubic feet per day of capacity under a 20-year contract with an investment-grade utility.
- On Friday, TC Energy Corp. announced the US$1.5 billion Appalachia Supply Project to expand its Columbia Gas system, with the project expected to enter service in 2030 and underpinned by a 20-year contract.
- The expansion adds 800 million cubic feet per day of capacity across 10 states in the eastern and Midwestern U.S., responding to projections that regional gas demand will grow to four billion cubic feet per day through 2035.
- TC chief executive François Poirier told analysts the project "extends our reach into this high-value, high-growth market," with further expansions potentially bringing capacity to two billion cubic feet per day.
- Financial results released Friday showed TC Energy Corp. reported $899 million in first-quarter net income, down from $978 million a year earlier, while revenue rose to $3.86 billion from $3.62 billion.
- TC executive vice-president Tina Faraca said LNG Canada will manage construction costs and schedule activities, limiting the company's capital commitments and liability; LNG Canada is contemplating a second phase at its Kitimat plant.
12 Articles
12 Articles
Canadian energy giant backs $1.5B pipeline expansion in the U.S.
TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its first quarter, down from $978 million a year earlier.
TC Energy announced its intention to expand its Columbia Gas network in the United States, while the gas pipeline company reported on Friday a net profit attributable to ordinary shareholders of $899 million for the first quarter, down from 978 million a year earlier.
The Toronto Star
TC Energy Appalachia Supply Project to expand Columbia Gas system in U.S.
CALGARY - TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its
TC Energy Columbia Gas Pipeline Expansion Advances as US Power Demand Soars
TC Energy Corporation has approved a US$1.5 billion expansion of its Columbia Gas Transmission pipeline system in the United States, marking another major North American gas infrastructure investment aimed at serving increasing power demand from utilities, industrial users, LNG export and energy-intensive digital infrastructure. The project, named the Appalachia Supply Project, will expand capacity on […] The post TC Energy Columbia Gas Pipeline…
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