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Tc Energy

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"TC Energy's Response to Yellowhead County Incident"
energy-environment1 year ago

"TC Energy's Response to Yellowhead County Incident"

TC Energy confirms a rupture on its NGTL natural gas pipeline system in Yellowhead County, Alberta, approximately 40 kilometers northwest of Edson. The affected section has been isolated and shut down, with no reported injuries. The company is working with first responders, including Alberta Wildfire, to contain a secondary fire and is committed to supporting the ongoing response efforts. TC Energy is cooperating with regulatory agencies and authorities and will continue to provide updates as new information becomes available.

TC Energy Sells 40% Stake in U.S. Natural Gas Pipelines for $3.9 Billion
energy2 years ago

TC Energy Sells 40% Stake in U.S. Natural Gas Pipelines for $3.9 Billion

TC Energy has agreed to sell 40% of its Columbia Gas and Columbia Gulf pipelines in the U.S. to Global Infrastructure Partners (GIP) for $3.9 billion in cash. The sale will accelerate TC Energy's debt reduction program, while GIP will fund its share of capital expenditures. TC Energy will continue to operate the pipelines, which deliver a significant portion of daily U.S. natural gas demand, including 20% of the supply for U.S. LNG exports. The company aims to monetize assets to reduce debt and cover cost overruns at other pipeline projects.