- TransCanada (NYSE:TRP -2.2%) says it has been awarded a contract to build, own and operate the Tuxpan-Tula pipeline in Mexico.
- TRP says it expects to invest ~$500M in the pipeline and anticipates an in-service date in Q4 2017.
- The pipeline’s construction is backed by a 25-year natural gas transportation service contract with Mexico’s state-owned power company.