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BRIEF-TransCanada announces termination of Energy East pipeline and Eastern Mainline projects
October 5, 2017 / 11:40 AM / 14 days ago

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:

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