TransCanada Corporation (TRP)

[Timothy Smith]

Even though nearly half of TransCanada's (TRP -1.7%) proposed $12B Energy East crude oil pipeline runs through Ontario, the Ontario Energy Board says the project would result in only "modest" economic benefits for the province.

"Ontario consumers need to be assured that enough pipeline capacity and natural gas supply will be available to meet Ontario’s medium- and long-term needs, particularly in eastern Ontario," the OEB says in a new report.