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TransCanada Weighs $941M Assets Sale

11-20-2009 | Source: emii.com

People & Companies in the News

TransCanada may sell assets to its master limited partnership, TC Pipelines, and other buyers for $941 million, Bloomberg reports. The natural-gas pipeline company’s assets include mature pipeline projects and some power assets.

TransCanada may consider divestitures as a financing alternative. The company has $20.7 billion in secured projects that will help raise earnings before interest, taxes, depreciation and amortization of 12% a year through 2013.

Click here for the story from Bloomberg.

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