‘Up in the air’ if long-term stake in Trans-Mountain could pay off for Alberta
by Sarah Rieger (feat. Kevin Birn)
May 30, 2018
Premier Rachel Notley isn't ruling out Alberta becoming a long-term investor in the Trans Mountain pipeline expansion.
The province has committed to invest up to $2 billion in the Kinder Morgan project to backstop any risk and cover potential cost overruns, and that investment would be payable only once the taps have been turned on.
"At that point, investment will be converted to equity," the premier told the International Brotherhood of Boilermakers Lodge 146 in Calgary Wednesday afternoon. "When this project is built, it'll be a very healthy profit-making venture. The risk is low, the payoff is huge."