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TCPL investors cheer $1.15-billion asset sale

Article Abstract:

TransCanada PipeLines Ltd. has reached an agreement to sell its remaining Canadian assets in gas liquids extraction, gas gathering and processing for $1.15-billion. With the announcement, the stock rises 4.7% on the Toronto Stock Exchange. Williams Cos. Inc. of Tulsa, Okla. is buying TransCanada's natural gas liquids and extraction facilities in Alberta and British Columbia. TransCanada had suffered in market after it cut the dividend and changed strategy. Recent deal is the major step toward winning back investors' confidence.

Author: Nguyen, Lily
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Asset sales & divestitures, Natural Gas Distribution, Gas Transmission, Natural gas transmission, Gas transmission industry

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TCPL sells Netherlands assets

Article Abstract:

TransCanada PipeLines Ltd. has agreed to sell its Netherlands assets for net proceeds of $447-million, all but completing its divestment program. TCPL will sell its natural gas interests on the Dutch sector of the North Sea to GDF International SA, a subsidiary of Gaz de France.

Author: Nguyen, Lily
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000

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TCPL warns of third-quarter charge

Article Abstract:

Due to losses from natural gas contracts, TransCanada PipeLines Ltd. will take a $120 million charge in the third quarter.

Author: Nguyen, Lily
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Sales, profits & dividends, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum, Finance, Petroleum industry, Petroleum

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Subjects list: Canada, TransCanada PipeLines Ltd., TRP
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