TransCanada Presses Alberta to Buy Keystone Capacity
- Firm urges support similar to C$4.6 billion Energy East pledge
- TransCanada weighing options after Keystone XL ‘open season’
Photographer: Brett Gundlock/Bloomberg
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TransCanada Corp. is pressing the Alberta government to buy capacity in its Keystone XL pipeline, seeking the same type of support the province had pledged for its canceled project to the Atlantic coast, people familiar with the matter said.
The pipeline company, which has won approval for Keystone XL from U.S. President Donald Trump, is urging Premier Rachel Notley to commit a similar "take or pay" agreement on Keystone that the province gave TransCanada’s defunct Energy East pipeline, according to people familiar with the matter who asked not to be identified discussing private talks. The Calgary-based firm declined to comment.