One-Page Deal Sheet
TransCanada to Sell GTN Pipeline Interest to Subsidiary
TC PipeLines, LP TC Energy Corp.
Announced Date
November 12,2014
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
TransCanada Corporation has announced it has offered to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (TCP) (the Partnership).
Russ Girling, TransCanada's president and chief executive officer said: "This transaction, along with the recent sale of our remaining 30 per cent interest in the Bison Pipeline, further demonstrates our commitment to drop down all of our remaining U.S. natural gas pipeline assets to the Partnership on a more sizable and frequent basis.
Asset sales to the Partnership will provide us…
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