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TransCanada to Sell Remaining Interest in GTN

TC PipeLines, LP TC Energy Corp.
AnnouncedFeb 25, 2015
TypeAsset
Announced Date
February 25,2015
Transaction Type
Asset




Snapshot
Location
Region
North America

Country
United States

State
Washington


Transaction Details:  Subscribe to see

TransCanada Corporation has announced that it has entered into an agreement to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP.

Russ Girling, TransCanada's president and chief executive officer said: "This agreement is part of TransCanada's long-term strategy to drop down our remaining U.S. natural gas pipeline assets to the Partnership on a more sizable and systematic basis. Asset sales to the Partnership will provide us with significant cash proceeds to help fund our capital program and provide visible long…

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