Questions remain unanswered for Energy East pipeline revival plan | CBC News
University of Alberta economist Andrew Leach, who specializes
in energy markets, said Energy East made sense in 2013 because two other
pipelines, to the U.S. and to the Pacific Coast, were blocked at a time
when there were forecasts of “massive” oilsands growth.
in energy markets, said Energy East made sense in 2013 because two other
pipelines, to the U.S. and to the Pacific Coast, were blocked at a time
when there were forecasts of “massive” oilsands growth.
TransCanada’s
$15.7-billion proposal was also relatively inexpensive because
two-thirds of the route would have been on an existing converted natural
gas line.
The reduced construction cost would have allowed TransCanada to charge a lower toll rate to oil companies shipping on the line.
None of those conditions exists now with the new proposal, Leach said.