TC Energy delays equity sale in 15,000-mile Canadian gas pipeline systems to Indigenous partnership
(WO) – On Sep. 10, TC Energy Corporation announced it is delaying the sale of a minority stak in its NGTL Foothills gas pipeline systems to an Indigenous-owned investment partnership.
According to TC Energy, the deal has been delayed due to an identified transaction structuring issue within the NGTL partnership.
TC Energy says it is focused on developing a transaction that delivers meaningful distributions to Indigenous communities while upholding the fundamental value of the NGTL System and the Foothills Pipeline assets.
In July, the company said the partnership will enable up to 72 Indigenous communities to become equity owners in the 25,000-km (15,534 miles), highly integrated network of natural gas infrastructure assets spanning western Canada.
Related News
From Archive
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Alaska LNG pipeline could require 7,000 workers at peak construction, developers say
- Ohio trench collapse kills one worker, injures two during pipe installation
- Elon Musk's Boring Co. fined for dumping drilling waste into Vegas sewer system
- $1.4 billion Midwest pipeline expansion to move more Canadian oil to U.S. Gulf
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Massive water line failure leaves majority of Waterbury without service
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
Comments