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Trans Mountain

Address PO Box 81018 South Burnaby, Burnaby, BC, V5H 3B0, CA
Email [email protected]
Website transmountain.com

Related Articles

Kinder Morgan Canada shareholders to receive Trans Mountain transaction proceeds

The Kinder Morgan Canada Limited board announced a series of decisions following the closing of the sale of the Trans Mountain Pipelinesystem and the Trans Mountain Expansion Project (TMEP) to the Government of Canada.  The KML board unanimously voted to distribute the net proceeds from the sale, after capital gains taxes, customary purchase price adjustments and repayment of KML debt, as a return of capital to shareholders. The return of capital to holders of KML's restricted voting shares is expected to be approximately $1.2 billion or approximately $11.40 per restricted voting share. To facilitate the return of capital and provide flexibility for dividends going forward, KML will seek voting shareholder approval to reduce the stated capital of KML's restricted voting shares by $1.45 billion.  

Trans Mountain court decision quashes approvals, leaves line in limbo

A Federal Court of Appeals decision that effectively threw out government approval of the Trans Mountain Expansion Project has left the future of the project in limbo. The government of Canada, which as of August 31 is the owner of the Trans Mountain Pipeline, maintains that the expansion project will be built, but it remains uncertain as to when.