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Published 2 months ago

TC Energy Sells PNGTS to BlackRock for $1.14 Billion

Summary by Ground News

TC Energy Corp. has agreed to sell the Portland Natural Gas Transmission System. The deal is valued at $1.14 billion, including the assumption of $250 million of outstanding senior notes. PNGTS is a 475-kilometer (295-mile) transporter of natural gas serving the upper New England and Atlantic Canada markets.

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TC Energy Sells PNGTS to BlackRock for $1.14 Billion

TC Energy agreed to sell the Portland Natural Gas Transmission System to Blacrock for $1.14 billion.

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