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), a leading player in the energy sector, has taken a significant step forward by entering into a binding letter agreement with the Nisga’a Nation and Western LNG (the Buyers) for the sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in […]
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 […]
Canadian energy infrastructure company TC Energy is set to start pre-construction activities on the 81MW Saddlebrook Solar Project located near Aldersyde, Alberta, Canada. The Saddlebrook solar power plant marks the first solar power facility of TC Energy in the country. To be constructed with a total investment of CAD 146 million ($106.3 million), the Saddlebrook […]
Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]
Tidewater Midstream and Infrastructure and its partner TransAlta have agreed to sell the Pioneer Pipeline to NOVA Gas Transmission (NGTL), a fully-owned subsidiary of TC Energy, for CAD255 million ($187.37 million). The Pioneer Pipeline is a 20 inch, 120 kilometer-long pipeline that connects the Brazeau River Complex of Tidewater to TransAlta’s generating units at Keephills […]
NGTL acquisition of Pioneer Pipeline : NOVA Gas Transmission Limited (NGTL), a fully-owned subsidiary of TC Energy is set to acquire the Pioneer Pipeline, a 131km long natural gas pipeline in Alberta, Canada for CAD255 million ($183.45 million). In this connection, NGTL has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta […]
TC Energy has approved the 2023 NGTL Intra-Basin System Expansion and the Alberta XPress project on its 100% owned natural gas pipeline systems with a combined investment of $1.3 billion. The 2023 NGTL Intra-Basin System Expansion is being taken up with an investment of $900 million for supplying natural gas produced in the Western Canadian […]
KKR and Alberta Investment Management Corporation (AIMCo) have agreed to acquire a 65% stake in the Coastal GasLink Pipeline Project, 670km long natural gas pipeline project in Canada, from TC Energy (formerly TransCanada). The Coastal GasLink Pipeline and associated facilities are estimated to cost CAD 6.6 billion. The pipeline, which will initially have a capacity […]