US EditionTC Energy selling Portland Natural Gas Transmission System for US$1.14 billion
- TC Energy is selling the Portland Natural Gas Transmission System for US$1.14 billion. BlackRock, through a fund managed by its diversified infrastructure business, is the buyer.
- PNGTS is a 475-kilometre natural gas pipeline system serving upper New England and Atlantic Canada markets. It receives gas from the Trans Quebec and Maritimes Pipeline.
- The sale is expected to close in mid-2024, pending regulatory approvals and customary closing conditions.
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TC Energy selling Portland Natural Gas Transmission System for US$1.14 billion
CALGARY — TC Energy Corp. and its partner have signed a deal to sell the Portland Natural Gas Transmission System for US$1.14 billion including the assumption of US$250 million in debt.
·Bradford West Gwillimbury, Canada
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TC Energy selling Portland Natural Gas Transmission System for US$1.14 billion
CALGARY — TC Energy Corp. and its partner have signed a deal to sell the Portland Natural Gas Transmission System for US$1.14 billion including the assumption of US$250 million in debt.
·Sault Ste. Marie, Canada
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Leaning Left6Leaning Right1Center2Last UpdatedBias Distribution67% Left
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C 22%
11%
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