(RTTNews) – Canadian Utilities Ltd. (CU.TO), an ATCO company, said on Monday that it has received final approval from the Alberta Utilities Commission to build its $2.9 billion Yellowhead natural gas pipeline project.
Construction will begin immediately, the company said.
The 235-kilometre, 36-inch-diameter pipeline will run from the Peers area to the Fort Saskatchewan area and include one compressor station. The project is expected to create about 2,000 direct construction jobs.
The company estimates the project will support 12,000 additional construction jobs and 20,000 permanent jobs annually once downstream investments are operational.
The group also said downstream investments driven by Yellowhead could contribute $3.9 billion annually to Alberta’s GDP.
