Bison is a proposed 289-mile pipeline from the Powder River Basin to the Northern Border Pipeline system in North Dakota.
TransCanada is developing the Pathfinder Pipeline Project, a 625-mile natural gas pipeline extending from Meeker, Colo. to Morton County, N.D., where it would also connect with the Northern Border Pipeline.
With the acquisition, TransCanada would provide shippers on the proposed Bison line with the opportunity to transport production on the larger Pathfinder line.
"The work completed to date on the Bison Project complements the significant advances we have made on our Pathfinder Pipeline Project," says Hal Kvisle, president and CEO of TransCanada. Kvisle added that the acquisition will ensure that suppliers will have access to Midwest markets through one of the two pipelines.
TransCanada's network of wholly owned pipelines extends more than 36,500 miles, tapping into virtually all major gas supply basins in North America.
On the Web: www.transcanada.com
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