05:04:10 EDT Fri 04 Jul 2025
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TC Energy Corp
Symbol TRP
Shares Issued 1,039,940,919
Close 2025-06-25 C$ 64.52
Market Cap C$ 67,096,988,094
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Globe says TC Energy sees former project hit legal snag

2025-06-26 08:11 ET - In the News

The Globe and Mail reports in its Thursday edition that the Prince Rupert Gas Transmission project is facing a B.C. Supreme Court challenge from three groups that argue that the BC Energy Regulator overstepped its bounds when it decided last year to split the pipeline route's Section 5 permit into two parts. The Globe's Brent Jang writes that one permit crosses Crown property (5A), and the other (5B) crosses Nisga'a land. The Skeena Watershed Conservation Coalition, Kispiox Valley Community Centre Association and Kispiox Band allege that BCER's goal was to fast-track the approval of a crucial permit to allow construction on Nisga'a territory. The three petitioners are represented by Ecojustice, an environmental law charity. They argue that BCER unfairly created Section 5B without completing a full assessment of PRGT's cumulative effects, and are seeking a court order to quash the provincial regulator's decision. PRGT is co-owned 50:50 by the Nisga'a, which supports the regulator's decision, and Houston-based Western LNG. They acquired the project from TC Energy in mid-2024. The 750-kilometre pipeline is estimated to cost up to $12-billion to build. It would feed the $10-billion Ksi Lisims LNG project on the coast.

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