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TC Energy closes sale of 40 per cent stake in Columbia gas and gulf pipelines

  • TC Energy Corp. Has completed the sale of a 40% stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to Global Infrastructure Partners for $5.3 billion. The proceeds will be used to reduce TC Energy's debt.
  • TC Energy will continue to operate the pipelines, and both TC Energy and Global Infrastructure Partners will jointly fund their maintenance, modernization, and growth.
  • The Columbia Gas and Columbia Gulf pipelines span over 24,000 kilometers, delivering a significant amount of U.S. Natural gas demand, including approximately 20% of U.S. Liquefied natural gas export supply.
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SooToday.com broke the news in Sault Ste. Marie, Canada on Wednesday, October 4, 2023.
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