TransCanada Corporation, which renamed itself TC Energy in 2019, bought out/merged in U.S.-based Columbia Pipeline Group (now Columbia Gas Transmission) in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including the assumption of $2.8 billion of debt. In July, TC Energy announced it was selling a 40%
TC Energy, formerly TransCanada Corporation, has been in the news all week. Tuesday morning, a portion of the Columbia Gas Transmission pipeline (owned by TC Energy) in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). A day later, TC Energy announced it is selling
Talk about bad luck. On Monday, TC Energy announced it had sold a 40% stake in its Columbia Gas Transmission pipeline subsidiary to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). Yesterday, a portion of the Columbia Gas Transmission pipeline in rural western Virginia in Shenandoah
Columbia Gas Transmission pipeline is in the news all over the place. Yesterday we told you about TC Energy's plan to sell a 40% stake in the Columbia Pipeline (owned by TC) to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). Today's lead story on MDN