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TransCanada to Highlight Sustainable Long-term Growth at Investor Day; Dividend Expected to Increase 8 to 10 Per Cent Annually Through 2021
On Monday, Nov. 22, 2021, the company took the next step in the process and submitted a formal Request for Arbitration under NAFTA Chapter 11 investor-state dispute settlement provisions, which allows companies to seek compensation for lost investment.
The proposed Project consists of two pipeline components which would add up to approximately 85 kilometres (km) of newly constructed 48- inch pipe to the NGTL System, as well as a compressor station unit addition.
TC Energy will purchase 20 megawatts of solar energy at East Strathmore Solar; this agreement means TC Energy receives all rights to the current and future environmental attributes of the project. The solar project is one of the first solar-power-generation facilities in the area east of Calgary, Alberta.