TransCanada Line Costs Up 31% After Changes to Satisfy Neighbors
- Energy East put at $11.3 billion with larger Atlantic terminal
- Green groups concerned about threats to Bay of Fundy wildlife
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TransCanada Corp., which saw its $8 billion Keystone XL pipeline rejected last month, plans to spend an extra $2.6 billion to make changes to another proposed conduit for oil-sands output.
Energy East, designed to carry Alberta crude across six Canadian provinces to the Atlantic Coast, is now forecast to cost C$15.7 billion ($11.3 billion), up from a previous estimate of C$12 billion, the Calgary-based company said Thursday in a statement. TransCanada amended its application with the National Energy Board to reflect adjustments after consulting with thousands of people, the company said.