CALGARY – Pipeline company TransCanada (TSX:TRP) says it expects to realize US$3.7 billion from the sale of its U.S. Northeast power business to two buyers.
It announced earlier this year it would sell the assets in order to finance its purchase of the Columbia Pipeline Group.
TransCanada also announced it plans to maintain full ownership interest in its Mexican natural gas pipeline business and said it would raise $3.2 billion through a bought deal offering of common shares.
More coming.