TransCanada Tapped For $5B LNG Pipeline Project

Law360, New York (January 9, 2013, 3:47 PM EST) -- Progress Energy Canada Ltd. has chosen energy infrastructure developer TransCanada Corp. to build, own and operate a CA$5 billion (US$5.1 billion) pipeline that will link natural gas production sites to a proposed liquefied natural gas export facility in western British Columbia, the companies said Wednesday.

They said they expected to finalize the deal early this year, with approvals from both companies' boards. In anticipation of the project and necessary regulatory scrutiny, TransCanada said it would immediately kick off talks with native groups living nearby and other...
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