TransCanada sells stakes in two gas pipelines to TC Pipeline for $765M [Seeking Alpha]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
transcanada.com/en/investors
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Source: Seeking Alpha
TransCanada (NYSE: TRP ) agrees to sell its remaining 49.3% interest in Iroquois Gas Transmission System and an 11.8% stake in Portland Natural Gas Transmission System to TC Pipelines (NYSE: TCP ) for $765M. TRP says the deal value consists of $597M in cash and the assumption of $168M in proportionate debt at Iroquois and PNGTS. The Iroquois pipeline transports natural gas under long-term contracts and extends from the TransCanada Mainline system near Waddington, N.Y., to markets in the U.S. northeast; the PNGTS interstate natural gas pipeline starts near Westbrook, Me., and ends near Boston. TRP already sold a 49.9% stake in PNGTS to its TC Pipelines MLP in January 2016; through its subsidiaries, TRP owns a ~26% in TCP. Now read: What To Make Of Kinder Morgan's Earnings Miss »
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TRP
News
- TSX set for muted start as falling oil counters gold gains [Reuters]Reuters
- BNN Bloomberg Picks [BNN Bloomberg (Canada)]BNN Bloomberg
- TC Energy does not expect service interruptions following pipeline rupture [Reuters]Reuters
- Wildfire sparked by TC Energy pipeline rupture under control [BNN Bloomberg (Canada)]BNN Bloomberg
- Michael Baker International Names Andrew Sorensen, P.Eng., PMP, Director, Quality - Design-Build [Yahoo! Finance]Yahoo! Finance
TRP
Earnings
- 2/16/24 - Beat
TRP
Sec Filings
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/9/24 - Form 6-K
- TRP's page on the SEC website