TC PipeLines completes its acquisition pipeline interests
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
TC PipeLines, LP (TCP) has announced the closing of its previously announced acquisition of a 49.3% interest in Iroquois Gas Transmission System, LP (Iroquois) from subsidiaries of TransCanada Corp. (TransCanada) together with TransCanada's remaining 11.8% interest in the Portland natural gas transmission system (PNGTS) for a total purchase price of approximately US$765 million, effective 1 June 2017.
The acquisition is expected to be immediately accretive to the partnership's earnings and distributable cash flow.
Read the article online at: https://www.worldpipelines.com/business-news/01062017/tc-pipelines-completes-its-acquisition-pipeline-interests/
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