TransCanada (TRP -0.6%) says it will proceed with a 125-mile pipeline and terminal facility in...

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

TransCanada (TRP -0.6%) says it will proceed with a 125-mile pipeline and terminal facility in Alberta at a combined cost of ~C$900M. TRP says the pipeline could ultimately transport up to 900K bbl/day of crude oil, and the terminal is expected to have storage capacity for up to 1.9M barrels. The projects are expected to come into service during H2 2015.