TransCanada looks to expand Canadian Mainline natural gas pipeline

Russ Girling, President and CEO of TransCanada Corp. speaks at the company annual meeting in Calgary, Friday, April 29, 2016. (Mike Ridewood/The Canadian Press)

By The Canadian Press, July 28, 2017 

CALGARY — TransCanada Corp. (TSX:TRP) announced plans to expand its Canadian Mainline pipeline in southern Ontario as it reported an improved second-quarter profit compared with a year ago.

The company says it plans to spend $160 million in increase capacity of the natural gas pipeline. The project will add compression and associated facilities to transport an additional 80 million cubic feet of natural gas per day.

Meanwhile, TransCanada said it earned $881 million attributable to common shareholders or $1.01 per diluted share for the quarter ended June 30.

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