TransCanada (TRP) and Phoenix Energy Holdings form a JV to develop the Grand Rapids Pipeline...

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

TransCanada (TRP) and Phoenix Energy Holdings form a JV to develop the Grand Rapids Pipeline system in Alberta, with each owning 50% of the proposed $3B project which will have the capacity to move up to 900K bbl/day of crude oil and 330K bbl/day of diluent. The system is expected to be in-service by early 2017.