TC PipeLines, LP (NYSE:TCP) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01
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Completion of Acquisition or Disposition of Assets.
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its subsidiary TC PipeLines Intermediate Limited Partnership,
completed the previously announced acquisition of a 49.34%
interest in Iroquois Gas Transmission System, L.P. (“Iroquois”)
from subsidiaries of TransCanada Corporation (“TransCanada”)
together with TransCanada’s remaining 11.81% interest in the
Portland Natural Gas Transmission System (“PNGTS”) for a total
purchase price of approximately $765 million (collectively, the
“Acquisition”).
| Item 7.01 |
Regulation FD Disclosure.
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to the completion of the Acquisition described above in Item
2.01. A copy of the press release is attached as Exhibit 99.1 to
this Current Report on Form 8-K and is hereby incorporated herein
by reference.
exhibit are deemed to be furnished and shall not be deemed to be
“filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended.
| Item 9.01 |
Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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News Release of TC PipeLines, LP, dated June 1, 2017.
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About TC PipeLines, LP (NYSE:TCP)
TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. The Company has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States. All of its pipeline systems are operated by subsidiaries of TransCanada. Its pipeline systems include Gas Transmission Northwest LLC (GTN), Northern Border Pipeline Company (Northern Border), Bison Pipeline LLC (Bison), Great Lakes Gas Transmission Limited Partnership (Great Lakes), North Baja Pipeline, LLC (North Baja), Tuscarora Gas Transmission Company (Tuscarora) and Portland Natural Gas Transmission System (PNGTS). TC PipeLines, LP (NYSE:TCP) Recent Trading Information
TC PipeLines, LP (NYSE:TCP) closed its last trading session 00.00 at 56.27 with 222,632 shares trading hands.