Current TRP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

85% interest expected to gross $1.15 billion
TC Energy Corporation (stock ticker: TRP) has entered into an agreement to sell an 85% equity interest in the Northern Courier Pipeline to Edmonton-based Alberta Investment Management Corporation (AIMCo), an investment manager responsible for the investments of 31 pension, endowment and government funds in Alberta. AIMCo has $103 billion in assets under management.

Additionally, it is expected that the Northern Courier Pipeline will undertake a financing of long-term, non-recourse debt, of which the proceeds will be distributed entirely to TC Energy. All said and done, TC Energy is expected to walk away from the deal with gross pr...

Legal Notice