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2019-07-04 15:55:00

TC ENERGY SELLS U.S.: $1.275 BLN

TC ENERGY SELLS U.S.: $1.275 BLN

TC ENERGY - CALGARY, Alberta, July 02, 2019 -- TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it has entered into an agreement to sell its U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services, LLC, a subsidiary of UGI Corporation (NYSE: UGI), for approximately US$1.275 billion (Cdn$1.7 billion). The transaction is expected to close in the third quarter of 2019 subject to closing adjustments and customary regulatory approvals.

Columbia Midstream Group, which operates in the Appalachian…

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Earlier:

TC ENERGY SELLS U.S.: $1.275 BLN
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