. Under the plan, the company aims to sell off its non-core assets and minority interests to help fund its expansion goals without accruing large amounts of debt. That includes the Coastal GasLink pipeline in British Columbia, which has an expected cost that hasAnalysts at RBC Capital Markets said the deal with GIP announced Monday would take a “sizeable chunk” out of TC’s asset monetization program.
The new deal’s price tag will likely be raised by analysts on Friday, when TC is scheduled to hold a conference call about its second-quarter financial results. Mr. Poirier added that TC continues to “evaluate opportunities to further our deleveraging objectives.” Together, the two Columbia networks deliver a substantial portion of daily U.S. natural gas demand, including approximately 20 per cent of U.S. liquefied natural gas export supply, according to TC.