The company has reported the results of conversion privilege for its Series 3 and 4 preferred shares.
The settlement is designed to facilitate the cost-effective transportation of natural gas from the WCSB to key North American demand centres.
At 1947 km in length, the Keystone XL Pipeline Project will be capable of safely delivering 830 000 bpd of crude oil from Hardisty, Alberta to Steele City, Nebraska.
The pipeline’s repair and restart plan has been approved by the US Pipeline and Hazardous Materials Safety Administration.
PHMSA has issued a Corrective Action Order to TC Energy Corporation following the Keystone pipeline leak.
The programme is a combined CAN$1.2 billion expansion of the company’s NOVA Gas Transmission Ltd. (NGTL) and Foothills Systems.