Advertisement 2. We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team. Latest National Stories. Email Address There was an error, please provide a valid email address. Kinder Morgan Canada Ltd. The offered assets would include Trans Mountain and its related terminal assets; the Puget Sound pipeline; a jet fuel pipeline system; the Canadian portion of the Cochin pipeline system; the Vancouver Wharves and North 40 terminals; and three jointly controlled terminals.
The filing is consistent with KMI's first-quarter earnings report, which noted that the company expects to announce a joint venture partner for the Trans Mountain pipeline network expansion or an IPO of its Canadian assets in the second quarter to reduce borrowing needs while allowing it to maintain control over the governance and operation of the project.
The Barclays note suggested that Kinder Morgan could sell a half stake at a 13x multiple. Academia Commercial Banking Corporations.
The filing of the plan triggers the issuing of routing notices and maps to affected landowners. If objections are raised, the NEB can recommend a detailed route hearing for that parcel of land. The NEB has not yet set a schedule for any hearings that might occur. In the Lower Mainland of British Columbia, a number of people have already filed route objections with the board.
The expansion project will make Trans Mountain one of the biggest pipelines in North America. For the company, it would almost triple the pipeline's capacity, allowing it to transport , barrels of oil per day. The Trans Mountain expansion would increase access to fast-growing Asian refining markets and has strong support from Canadian oil sands shippers keen to diversify their customer base away from just the United States.
But it faces strong opposition from environmentalists and communities along its route, with critics from First Nations chiefs to the mayor of Burnaby, where it terminates, vowing civil disobedience to disrupt construction. The scarcity of such high-quality infrastructure assets makes them particularly attractive, often increasing competition among institutional players.
Canada's growing pension funds have been forced to look beyond Canada for large acquisitions. Frustration has been growing in the energy industry about Canadian pipelines struggling to get approved. TO Line 3 replacement project. Are you looking for a stock? Try one of these. News Video. News Video Berman's Call. Related Video Up Next. Now Showing.
But a hostile province might be able to interfere with essential construction and operational services, such as access roads and power supplies, the document said. A supplemental open season was completed in March. While acknowledging political risks ahead, the pipeline company emphasized economic strengths of the project and its success in its national regulatory ordeal so far.
Most of the new pipeline capacity is supported by to year contracts with shippers. The project schedule calls for construction to start in September, after further NEB detailed route hearings, and for deliveries in Related topics: Mountain Project Trans. Spot natural gas prices strengthened in the final full week of May as power burns remained robust even as demand in the South Central region retreated along with temperatures. You have 3 free articles remaining. View Subscription Options Sign In.
Let's discuss two renewable energy stocks that look attractive right now, and one that's best avoided. The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations. The stock market is a game of risk and calculation, and in recent months the risks are mounting.
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Let's begin today's review with Livent, which has the most obvious good news powering its rally. Early this morning, Livent announced that it will collaborate with electric air-taxi start-up Lilium N. A key measure of U. Yet there were other hints that a surge in U. Lisa Erickson, U. A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets. Dow 30 33, Nasdaq 12, Russell 1, Crude Oil Gold 1, Silver CMC Crypto FTSE 7, Nikkei 26, Read full article.
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"Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project," Steve Kean. (IPO) of shares in its Canadian subsidiary after admitting the reason for the sale -- expansion of oilsands export route Trans Mountain. The offered assets would include Trans Mountain and its related terminal assets; the Puget Sound pipeline; a jet fuel pipeline system;.