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Alberta halts power deal talks in escalation of Kinder Morgan pipeline fight

Published 02/02/2018, 12:39 PM
© Reuters.  Alberta halts power deal talks in escalation of Kinder Morgan pipeline fight
KMI
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  • Alberta Premier Notley says she is suspending talks about increasing power purchases from neighboring province British Columbia that could have resulted in Alberta buying as much as C$500M/year more of electricity from B.C.
  • Notley's move comes after B.C.'s government earlier this week proposed restricting shipments of oil sands crude in an attempt to halt Kinder Morgan 's (KMI -2.2%) Trans Mountain expansion project.
  • Notley is demanding that B.C. drop its proposed restrictions and says she is considering other legal actions against the province.
  • Now read: Kinder Morgan: Backlog Addition


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