TransCanada Corp. (NYSE: TRP) said March 20 it has completed its second binding expansion capacity open season at the Empress/McNeill Export Delivery Point on its NOVA Gas Transmission Ltd. (NGTL) System in 2018.

NGTL offered 280 million cubic feet per day of firm service, targeted to commence in November 2021. The open season closed on March 15, 2018, and was oversubscribed, with an average awarded contract term of approximately 22 years.

This capacity offering follows a successful open season held in January 2018 for 1 billion cubic feet per day of expansion capacity at the same delivery point, with service commencing between November 2020 and April 2021, and underpinning a recently announced $2.4 billion NGTL System expansion.

NGTL is working to finalize the scope of expansion facilities required to meet the incremental service requirements resulting from this Open Season, and anticipates an expansion investment of approximately $120 million. Any expansion facilities will be in addition to NGTL’s existing capital expansion programs totaling approximately $7.2 billion.