One-Page Deal Sheet
TransCanada Acquires Remaining Keystone Pipeline Interest
TC Energy Corp. ConocoPhillips
Announced Date
June 18,2009
Transaction Type
Asset
Transaction Details: Subscribe to see
TransCanada Corp. reached agreement with ConocoPhillips to buy its remaining interest in the Keystone pipeline system for roughly $550 million plus the assumption of $200 million of short-term debt. Upon completion of the transaction, TransCanada will be sole owner of the project.
The purchase price reflects ConocoPhillips’s capital contributions to date and includes an allowance for funds used during construction. TransCanada will also assume ConocoPhillips’s share of the costs associated with completing the project, an incremental commitment of roughly $1.7 billion through the end of 2012.
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| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jun-02-2021 |
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| Dec-15-2020 |
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| Oct-19-2020 |
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| Apr-14-2020 |
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| Dec-30-2019 |
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