One-Page Deal Sheet
TransCanada to Drop Remaining Interest in Bison Pipeline LLC
TC PipeLines, LP TC Energy Corp.
Announced Date
October 01,2014
Transaction Type
Asset
Location
Region
Rockies - DJ Basin
Country
United States
State
Colorado
Play
Transaction Details: Subscribe to see
TC PipeLines, LP will acquire the remaining 30 percent interest in Bison Pipeline LLC from TransCanada Corporation for $215 million. The acquisition is expected to be immediately accretive to Partnership cash flows and earnings.
Steve Becker, President of TC PipeLines GP, Inc., the Partnership's general partner, commented: "This transaction marks another in a series of expected dropdowns by TransCanada in order to assist in funding its large capital program. The acquisition underscores our commitment to provide stability and long-term value to our unitholders and continues our strategy of…