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ECONOMIC ANALYSIS OF TRANSCANADA'S ENERGY EAST PIPELINE PROJECT

Economic Analysis of TransCanada's Energy East Pipeline Project

Study Released May 06, 2014

Study No. 140

The Energy East pipeline project is a proposed conversion of a portion of TransCanada’s Canadian Mainline natural gas pipeline to oil in order to transport oil from Western Canada to Eastern Canada. With 1.1 million barrels per day in pipeline capacity, this pipeline will help alleviate transportation constraints as well as provide tidewater and Eastern Canadian refinery access. With an estimated capital cost of 11.3 billion dollars this project is expected to generate significant economic benefits. The Canadian Energy Research Institute (CERI)’s study number 139, An Economic Analysis of TranCanada’s Energy East Pipeline Project, summarizes the economic impacts as calculated from CERI’s multi-input-output (MIO) regional model. The results of the analysis are presented for the major economic variables GDP, employment, compensation, and tax revenue.

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