Tc Energy Corporation (TSE:TRP) has released an update.
TC Energy Corporation has announced the sale of its Prince Rupert Gas Transmission entities to Nisga’a Nation and Western LNG, aligning with its strategic priorities and capital expenditure limits. The deal fosters Indigenous co-ownership in a project set to enhance LNG development in British Columbia, potentially benefiting Indigenous communities, customers, and global emissions reduction efforts. The transaction, which includes transition service provisions by TC Energy, is anticipated to close in the second quarter of 2024 with additional payments contingent on project milestones.
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