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TransCanada to build ~$500M Mexico gas pipeline contract

Nov. 11, 2015 10:57 AM ETTC Energy Corporation (TRP) Stock, TRP:CA StockBy: Carl Surran, SA News Editor5 Comments
  • 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.

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