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United States

TransCanada announces termination of Energy East pipeline and Eastern Mainline projects


Thursday, 5 Oct 2017 07:30am EDT 

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​.