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CALGARY – The National Energy Board has approved NOVA Gas Transmission Ltd.’s plan to abandon a 266 kilometre section of its Peace River Mainline system in northwestern Alberta.

The approved plan calls for the TransCanada Corp. subsidiary to remove a nine kilometre section of the pipeline running through the Sturgeon Lake Cree Nation Reserve Land and leave the rest of the pipeline segments in place.

The NEB says this was the largest proposal to abandon a facility ever considered by the regulator.

TransCanada indicated in its application that the section of pipeline running north-south about 34 kilometres west of Peace River, Alta., is no longer needed and customers will be served by other pipelines in the network.

The NEB says the company will be liable and accountable for monitoring and maintaining the pipeline in a safe and environmentally sound manner for as long as it remains in the ground.

The company said in its application that the cost of project is estimated at $29.7 million.

Companies in this story: (TSX:TRP)

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