State Deprtment report positive for TransCanada, says RBC Capital RBC Capital believes that the State Department's environmental report on TransCanada's Keystone Pipeline is "clean" and that it keeps the process moving forward. The firm continues to see a 75% chance of the project being approved, and it maintains an Outperform rating on the shares.
Erickson wins Mexico pipeline construction contract Erickson Incorporated (EAC) has contracted with Group Desarrollo Infaestructura, SA de CV who is contracted with Transcanada Corporationís (TRP) Mexican Subsidiary, Transportadora de Gas del Noreste for a new rural infrastructure pipeline project that will bring clean-burning natural gas to businesses and citizens in Mexico. The agreement will guarantee the use of an S-64 E Aircrane to assist in the external load transport of more than 1,000 natural gas pipeline segments that will complete the 329 mile long Topolobampo Project. This project is a first for Erickson within the construction services market in Mexico. The terrain surrounding the project is rugged and mountainous with minimal ground access. The work will be completed early in Q2.