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Tidewater Midstream and Infrastructure Ltd T.TWM

Alternate Symbol(s):  TWMIF | T.TWM.DB.A

Tidewater Midstream and Infrastructure Ltd. is a diversified midstream and infrastructure company with an integrated value chain across North American natural gas, natural gas liquids (NGLs), crude oil, refined product, and renewable energy markets. The Company's operations include downstream facilities, natural gas processing facilities, NGLs infrastructure, pipelines, storage, and various renewable initiatives. It also markets crude, refined products, natural gas, NGLs and renewable products and services to customers across North America. Its key midstream assets include the Brazeau River Complex and Fractionation Facility (BRC), a full-service natural gas and NGL processing facility with natural gas storage pools, and the Ram River Gas Plant, a sour natural gas processing facility with sulfur handling solutions and rail connections. Its key downstream asset is the Prince George Refinery (PGR), the sole light oil refinery within the interior British Columbia market.


TSX:TWM - Post by User

Comment by fauxtomatoon Jun 18, 2021 8:20am
167 Views
Post# 33410090

RE:RE:RE:RE:RE:RE:RE:RE:Dudes

RE:RE:RE:RE:RE:RE:RE:RE:DudesI think it's a 'check is in the mail' scenario? Status on AUC site is 'decided in part' and end with:

The amended licences will be issued upon approval of the pipeline licence transfer by the Alberta Energy Regulator and confirmation from ATCO Pipelines that the conditions of closing the acquisition have been satisfied.

AER has this:

1932780 - Pioneer Pipeline Inc.APPROVED on Jun 15, 2021

Application to transfer existing AER licences from the current licensee of record Pioneer Pipeline Inc. to ATCO Gas And Pipelines Ltd. Application includes 2 Pipeline Licence(s).

and there is a message on the AUC portal now from ATCO:

In accordance with Alberta Utilities Commission ("AUC") Decision 25937-D01-2021,1 AP respectfully requests that the AUC issue amended licences for the above noted Proceeding. Please find enclosed approval of the pipeline licence transfer application by the AER. Additionally, AP confirms that the conditions of closing the acquisition have been or will be satisfied.

So...who knows? If that's the hold up? But the contentious part is through and it'll happen....someday.

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