Tran­sCanada buys Columbia Pipe­line—twice

Alberta Oil - - OBSERVER | NEWS NUMBERS PEOPLE PLACES -

In May, Cal­gary-based Tran­sCanada bought the U.S. mid­stream Columbia Pipe­line for a re­ported US$13 bil­lion. Columbia op­er­ates more than 25,000 kilo­me­ters of nat­u­ral gas pipe­lines from the U.S. North­east to the Gulf of Mex­ico, in­clud­ing mas­sive un­der­ground stor­age sys­tems and sig­nif­i­cant ac­cess to the Mar­cel­lus and Utica shales. Then in Novem­ber, Tran­sCanada an­nounced it would also ac­quire all out­stand­ing units of the Columbia Pipe­line Part­ners for US$17 per com­mon share, for a to­tal cash deal worth US$915 mil­lion.

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