RE:RE:RE:Propane terminal expansionOver the past year they have proven that the WGL deal that was the cause of the drop from $30 to $12 will indeed increase earnings. They have made the business more profitable and less risky by changing from a 1/3 power company to a regulated utility with a large mid stream business with growth. Growth coming from Ripet with minimum investments and from gauranteed accelerated returns from their pipeline replacements.
Their strategy with RIPET will allow for expansion at their gas processing plants. Every company is going to want to get their propane out of Canada.
Townsend is contracted take or pay until 2036 for example the types of deals they can recieve. Townsend expansion is already in process and coming online early next year. That will also be a boost to earnings.
TOWNSEND COMPLEX
BRITISH COLUMBIA
LOCATION
198 MMCF/D
CAPACITY
YES
OPERATOR
SWEET GAS
FUEL TYPE
100%
OWNERSHIP
THROUGH 2036
TAKE-OR-PAY CONTRACT