TC Energy to sell U.S. healthy gas resources for $1.7B

TC Energy announced late Tuesday it skeleton to sell 4 U.S. healthy gas entertainment systems and a association that gathers and processes healthy gas for $1.7 billion.

The Calgary-based company, that was before called TransCanada, said a assets, that are hold by auxiliary Columbia Midstream Group, will be sole to UGI Energy Services in a transaction set to tighten in a third entertain of this year, theme to regulatory approvals.

The association pronounced a resources bond prolongation to markets in western Pennsylvania, eastern Ohio and northern West Virginia.

Russ Girling, TC Energy’s boss and CEO, pronounced in an emailed matter that a sale, along with dual other new sales, will give a association $3.4 billion in deduction to assistance account a $30 billion in designed projects.

The other dual are a sale of the Coolidge energy hire in Arizona and an 85 per cent stake in the Northern Courier pipeline.

“The sale of Columbia Midstream Group advances the ongoing efforts to prudently account the industry-leading portfolio of high-quality healthy gas pipeline, liquids pipelines and energy era projects, while maximizing value for the shareholders,” Girling pronounced in an emailed release.

Article source: https://www.cbc.ca/news/canada/calgary/tc-energy-natural-gas-sale-1.5198046?cmp=rss