for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BRIEF-TransCanada announces termination of Energy East pipeline and Eastern Mainline projects

Oct 5 (Reuters) - TransCanada Corp:

* TransCanada announces termination of Energy East pipeline and Eastern Mainline projects

* TransCanada Corp - will no longer be proceeding with its proposed Energy East pipeline and Eastern Mainline projects

* TransCanada - reviewing about $1.3 billion carrying value, including allowance for funds used during construction (AFUDC) capitalized since inception

* TransCanada Corp - expects an estimated $1 billion after-tax non-cash charge will be recorded in Q4 results Source text for Eikon: Further company coverage:

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up