CPG Announces Closing Conditions Satisfied for Acquisition by TransCanada
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TransCanada (TRP) Announces Closing Conditions Satisfied to Complete Columbia Pipeline Acquisition; DRIP Reinstated
June 30, 2016 8:56 AM EDTHighlights:
-- Acquisition creates one of North America's largest regulated natural gas
transmission companies with approximately 90,300 km (56,100 miles) of
natural gas pipelines connecting the continent's most prolific supply
basins to premium markets
-- Largest North American natural gas storage business with 664 billion
cubic feet of capacity
-- $25 billion of secured, near-term growth projects in Canada, the United
States and Mexico
-- Acquisition is expected to be accretive to earnings per share in the
first full year of ownership, providing increased revenue predictability
from regulated and long-term contracted... More
