TCPL investors cheer $1.15-billion asset sale

Article Abstract:

TransCanada PipeLines Ltd. has reached an agreement to sell its remaining Canadian assets in gas liquids extraction, gas gathering and processing for $1.15-billion. With the announcement, the stock rises 4.7% on the Toronto Stock Exchange. Williams Cos. Inc. of Tulsa, Okla. is buying TransCanada's natural gas liquids and extraction facilities in Alberta and British Columbia. TransCanada had suffered in market after it cut the dividend and changed strategy. Recent deal is the major step toward winning back investors' confidence.

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TCPL, Enbridge not seen as likely takeover targets

Article Abstract:

TransCanada Pipelines Ltd. and Enbridge Inc., Canadian pipeline companies, are financially flexible and more likely to be buyers of companies than prey to the takeover trend in the energy industry.

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TCPL acquires N.Y. power plants

Article Abstract:

TransCanada PipeLines Ltd. is acquiring Curtis Palmer Hydroelectric Company LP of New York. The deal, which will add two power plants to TransCanada's assets, is valued at US$285 million.

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