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CS - TC to buy Tidewater & TransAlta's Pioneer pipe for $255MM - April 2020

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TC Energy subsidiary NOVA Gas Transmission Ltd. has executed an LOI with Tidewater Midstream and Infrastructure and TransAlta to purchase the Pioneer pipeline in Alberta for $255 million. The pipeline, in which Tidewater and TransAlta each own 50%, consists of 131 km of operating pipeline that will be integrated into the 25,000- km NGTL system. Pioneer runs from west of Drayton Valley to west of Edmonton, connecting Tidewater’s Brazeau River Complex gas plant to......
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