Spectra Energy (NYSE:SE) Wednesday proposed the construction of an 85-kilometer natural gas pipeline to connect an exploration area in the northeast area of British Columbia with its existing transportation infrastructure.
The cost of the construction was estimated at $100 million Canadian, with the in-service date scheduled for the third quarter of 2009.
Shares of Spectra, a Calgary-based natural gas company, rose 2.2% to $24.89.
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