TransCanada expects to file for Energy East pipeline permit by August

|About: TransCanada Corporation (TRP)|By:, SA News Editor

TransCanada (TRP -1.2%) says it expects to file an application for its proposed $12B Energy East project as soon as next month.

The 1.1M bbl/day project would provide a new outlet for Alberta’s landlocked crude, feeding eastern refineries and connect Alberta to international markets via a marine terminal at St. John, N.B.

Stung by opposition to its Keystone XL project, TRP has been engaged in a charm offensive to get municipalities and aboriginal groups on its side amid rising opposition from environmental groups.