TransAlta Corp. and its partner Tidewater Midstream and Infrastructure Ltd. have signed a deal to sell the Pioneer Pipeline to a subsidiary of TC Energy Corp. for $255 million.
The Pioneer Pipeline includes 131 kilometres of operating pipeline in Alberta.
It runs from west of Drayton Valley to west of Edmonton.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
TC Energy says it plans to integrate the pipeline into its Nova Gas Transmission Ltd. (NGTL) system.
- Carney says economic activity already spurring from investment summit
- Carney, Macron to meet as talks of stronger Canada-EU relationship ramp up
- Celine Dion returns to the stage after 6 years at Paris residency: ‘I missed this’
- Saskatoon rally for the unhoused calls for action on forced displacement
As part of the deal, TransAlta will enter into long-term delivery transportation agreements with NGTL.
TransAlta owns and operates electrical power generation assets in Canada, the United States and Australia.
Comments
Want to discuss? Please read our Commenting Policy first.