TransCanada seeks financing options for two of its mega-pipeline projects

TransCanada seeks financing options for two of its mega-pipeline projects

As part of its third quarter conference call today, TransCanada says it expects the Nebraska Supreme Court to reach a decision on its Keystone XL pipeline by the first quarter of 2019, while two other lawsuits pending in Montana should be resolved by the end of the year.

The pipeline operator says it is looking at all financing options and would "entertain" any interested joint-venture partners for the project. At last estimates, Keystone XL was expected to cost about $8 billion, but the company has yet to confirm capital costs or provide a firm timeframe for sanction.

The pipeline operator had planned to start construction sometime in 2019, and has reportedly already started site preparation work in the state of Montana.

TransCanada says it is looking for a partner in its recently sanctioned $6.2 billion Coastal GasLink Project, required to supply gas into the LNG Canada terminal in Kitimat, BC. The NEB is currently considering whether the BC gas pipeline should have undergone a full federal review, and whether its existing construction permits remain valid. CEO Russ Girling says he would like to sell a 25 to 49% equity stake in order to help fund the project.

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