In a significant move toward its 2024 financial targets, TC Energy Corporation, along with its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P., has successfully completed the sale of the Portland Natural Gas Transmission System (PNGTS) for a gross purchase price of USD 1.14 billion. The transaction, initially announced in July […]
TC Energy Corporation (TSX, NYSE: TRP) has announced a transformative sale, divesting a 5.34% equity stake in its NGTL System and Foothills Pipeline assets to an Indigenous-owned investment partnership for a whopping C$1 billion. This landmark deal, supported by the Alberta Indigenous Opportunities Corporation (AIOC), signifies a monumental shift in the involvement of Indigenous Communities […]
TC Energy Corporation (TSX, NYSE: TRP) announced that its Board of Directors has approved plans for the company to split into two independent, publicly listed companies by spinning off its Liquids Pipelines business. The division, expected to be accomplished on a tax-free basis in the latter half of 2024, comes after a two-year strategic review […]
TC Energy Corporation, a significant player in the energy sector listed on both TSX and NYSE, announced that it has inked a deal to sell a 40% stake in its Columbia Gas Transmission, LLC (Columbia Gas) and Columbia Gulf Transmission, LLC (Columbia Gulf) systems. This $5.2 billion transaction implies an enterprise value to a comparable […]