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MI - TC to sell five Appalachian gas systems to UGI for $1.3B - July 2019
TC Energy will sell Columbia Midstream Group, a set of gas gathering systems near the Pennsylvania-Ohio border, for $1.275 billion to UGI Energy Services, the midstream and marketing subsidiary of energy distributor UGI Corp. The transaction, announced late July 2, brings UGI’s gas midstream to the wellhead while helping to finance TC’s growth capex projects. The CMG sale involves 240 miles of pipeline, just a sliver of the 15,000 miles that TC—then called Transcanada—acquired in 2016 when it bought Columbia Pipeline Group......
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