TC Energy selling Portland pipeline

Jack Burke Senior Editor, Compressor Tech2

March 04, 2024

Deal worth US$1.14 billion

TC Energy and its partner Northern New England Investment will sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock for a gross purchase price of US$1.14 billion.

PNGTS is a 475 km (295 mi.) FERC-regulated transporter of natural gas serving the upper New England and Atlantic Canada markets. The…

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