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CS - TC Energy sells Ontario gas-fired power plants for $2.9B - July 2019



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TC Energy Corp. struck a $2.87 billion deal to sell three combined-cycle gas-fired power plants in Ontario to Ontario Power Generation Inc., a Crown corporation wholly owned by the provincial government. The midstream giant will use the proceeds to fund its $30 billion capital program and further strengthen its financial position. This is the largest of several recent acquisitions for OPG, increasing the amount of natural gas in its power generation mix relative to nuclear, hydroelectric, biomass and solar. OPG......
 
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