News Formal

TC Energy splitting into two separate companies

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

TC Energy says it will split into two separate, publicly traded companies by spinning off its liquids pipelines business

says it will split into two separate companies by spinning off its liquids pipelines business.

The Calgary-based pipeline giant says its board of directors has approved the plan, which comes as the result of a two-year strategic review. Following the transaction, TC Energy will focus on natural gas infrastructure as well as nuclear, pumped hydro energy storage and new energy opportunities. The new liquids pipeline business will focus on enhancing the value of the company’s existing 4,900 kilometres of crude oil pipelines.The new liquids pipeline business will be publicly traded and will be headquartered in Calgary, with an office in Houston, Texas.Checking box will enable automatic data updates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Expert recommends companies adapting to clean energy future - BNN BloombergCompanies actively altering their business models to fit into the clean energy transition will be best positioned to reward investors in the future, one financial expert says.
Source: BNNBloomberg - 🏆 83. / 50 Read more »