Companies & Finance

TransCanada to sell remaining stake in Gas Transmission Northwest pipeline

TransCanada plans to sell its remaining 30% stake in the 2,178 km Gas Transmission Northwest pipeline to partner TC Pipelines.
By Staff reporter 27 February 2015 0 15400

TransCanada plans to sell its remaining 30% stake in the 2,178 km Gas Transmission Northwest pipeline to partner TC Pipelines.

The pipeline delivers long-term contract gas from the Western Canada Sedimentary Basin and the Rocky Mountains to Washington, Oregon and California.

"This transaction, along with the recent sale of our remaining 30% interest in the Bison Pipeline, further demonstrates our commitment to drop down all of our remaining US gas pipeline assets to the partnership," Chief Executive Russ Girling said this week.

TransCanada is the owner of the...