TC Energy selling 40 per cent stake in Columbia gas and gulf pipelines
The TC Energy logo is shown in a handout. (THE CANADIAN PRESS/HO)
TC Energy Corp. is selling 40 per cent of its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.2 billion.
The Calgary-based company says in a press release it will continue to operate the pipelines, while both companies will jointly fund annual maintenance, modernization and growth to further capacity and reliability.
It says it expects Global Infrastructure Partners' share of capital expenditures to average more than $1.3 billion annually over the next three years.
The pipelines span more than 24,000 kilometres across North America, delivering a substantial portion of daily U.S. natural gas demand, including approximately 20 per cent of U.S. liquefied natural gas (LNG) export supply.
TC Energy president and CEO Francois Poirier says the sale marks a ``major milestone'' in achieving the company's 2023 strategic priorities, which includes divesting more than $5 billion in assets by the end of the year.
He adds the partnership with Global Infrastructure Partners will help TC Energy work toward the energy transition while improving its balance sheet.
This report by The Canadian Press was first published July 24, 2023.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
CTVNews.ca Top Stories
'Why would I box myself in?': Singh on why he won't commit to helping bring Trudeau's gov't down, yet
NDP Leader Jagmeet Singh says U.S. president-elect Donald Trump's looming tariff threat is part of the reason why he's not committing to voting non-confidence in Prime Minister Justin Trudeau's government.
Donald Trump says Canada becoming 51st U.S. state is 'a great idea.' Jean Charest calls the comment a 'wake-up call'
U.S. President-elect Donald Trump is taking aim at Canada once more, saying it would be 'a great idea' to make it America's ‘51st state.'
B.C. man drops camera into ocean, accidentally captures 'breathtaking' whale video
Before it turned into an extraordinary day, Peter Mieras says it began being quite ordinary.
Elon Musk comes out swinging against government spending package in early test of his political might
Elon Musk derided a Republican-backed government spending bill that if not passed by Friday night would lead to a government shut down.
Police suspect Utah father killed his wife and 3 kids, wounded son, then killed himself
Five people were found dead in a Utah home after a man apparently shot his wife and four children before killing himself, police said Wednesday. A 17-year-old boy survived but has a severe brain injury.
Invasive 'murder hornets' are wiped out in the U.S., officials say
The world's largest hornet, an invasive breed dubbed the “murder hornet” for its dangerous sting and ability to slaughter a honey bee hive in a matter of hours, has been declared eradicated in the U.S., five years after being spotted for the first time in Washington state near the Canadian border.
'An enormous problem': Court delays plague criminal cases across the country
Legal delays are making it increasingly difficult for people to have their day in court. One Saskatoon family says they missed out on justice after delays forced the judge to stay proceedings in an impaired driving case that killed their daughter.
What's the best treatment for ADHD? Large new study offers clues
Stimulant medications and certain therapies are more effective in treating ADHD symptoms than placebos, a new study on more than 14,000 adults has found.
'It's a giant mess': Confusion remains about the GST/HST holiday
The organization representing small and medium size businesses in Canada says the start to the GST and HST holiday has been 'a giant mess.'
Edmonton
-
Massage therapist in central Edmonton charged with sexual assault
A massage therapist in central Edmonton has been charged with sexual assault and police say there could be more victims.
-
Edmonton pediatrician sentenced to 18 months on child pornography charges
An Edmonton pediatrician who was found guilty on child pornography charges last year will spend 18 months in jail.
-
Residency requirements under scrutiny after Edmonton Police Commission head quits
A day after the head of the Edmonton Police Commission quit his position after news of his plans to stay on after moving to Europe surfaced, another member of it is facing scrutiny for not living in the city.
Lethbridge
-
Southern Alberta’s first, purpose-built indoor pickleball facility opens in Lethbridge
In an effort to increase access to the fastest-growing sport around, a new purpose-built indoor pickleball facility has opened in Lethbridge -- the first-of-its-kind in southern Alberta.
-
University of Lethbridge looking for Blackfoot artist to create new school symbol
Blackfoot artists are being asked to submit designs for the creation of a new symbol that will be used by the University of Lethbridge and Pronghorn Athletics.
-
Voters head to the polls to choose new MLA for Lethbridge-West
After five and a half months without representation, a new MLA will be elected for the Lethbridge-West constituency on Wednesday.
Vancouver
-
Providing MAID to man on day pass from B.C. psychiatric ward was 'unlawful,' family alleges
A 52-year-old man who was provided with a medically assisted death while out on a day pass from a B.C. psychiatric hospital should never have been approved for the life-ending procedure, his family alleges in a recently filed wrongful death lawsuit.
-
Pickup driver killed trying to pass snow plow in B.C.'s Okanagan, RCMP say
The driver of a pickup truck was killed after crashing with a snow plow along Highway 97C in B.C.'s Okanagan on Wednesday, according to the RCMP.
-
BREAKING
BREAKING B.C. police officer accused of sexual assault has died, sources say
One of the two B.C. police officers charged this week with sexually assaulting the same "vulnerable" woman has died, CTV News has learned.
Vancouver Island
-
Providing MAID to man on day pass from B.C. psychiatric ward was 'unlawful,' family alleges
A 52-year-old man who was provided with a medically assisted death while out on a day pass from a B.C. psychiatric hospital should never have been approved for the life-ending procedure, his family alleges in a recently filed wrongful death lawsuit.
-
BREAKING
BREAKING B.C. police officer accused of sexual assault has died, sources say
One of the two B.C. police officers charged this week with sexually assaulting the same "vulnerable" woman has died, CTV News has learned.
-
Campaign urges workers to 'Stay with B.C.' to counter efforts from Alberta
The Business Council of British Columbia has launched an awareness campaign to counter the province's rising outward migration to Alberta.
Saskatoon
-
'Should move forward': Still no plea from Saskatchewan student who allegedly set teen on fire
More than three months have passed since a Saskatoon girl was set on fire, yet her classmate charged in connection with the incident has still not made a plea.
-
'Don't want to lose any more people': Saskatoon rally calls for solutions for growing homeless population
David Fineday doesn't want any more of his friends to die on Saskatoon streets this winter.
-
Sask. Teachers' Federation and province await decision from binding arbitration hearing
The Saskatchewan Teachers’ Federation (STF) and the province are now awaiting a decision from the Arbitration Board following a binding arbitration hearing.
Regina
-
'Create good Christmas memories for these kids': Regina schools experience Winter Wonderland
For the second year in a row, the Conexus Arts Centre was decorated as a Winter Wonderland and host to the Annual Community School Day.
-
Sask. Teachers' Federation and province await decision from binding arbitration hearing
The Saskatchewan Teachers’ Federation (STF) and the province are now awaiting a decision from the Arbitration Board following a binding arbitration hearing.
-
Highway conditions deteriorate across southern Sask. with snowfall warning in effect
Much of southern Saskatchewan remains under a snowfall warning on Wednesday afternoon, with 10 to 20 centimetres of snow expected to fall in some areas over the next 24 hours.
Toronto
-
'I still haven't slept:' Oshawa mom finds bullet hole in daughter’s dresser after 14 shots fired at housing complex
An Oshawa mom discovered bullet holes in her daughter’s dresser and in the ceiling of her living room early Wednesday morning after police say more than a dozen shots were “indiscriminately” fired at a housing complex overnight.
-
Cyclist, 2 pedestrians in hospital following downtown Toronto collision
Two pedestrians and a cyclist are in hospital after being hit by a pickup truck in downtown Toronto Wednesday afternoon.
-
Video shows arrest of 4 suspects in Richmond Hill jewelry store robbery
A police helicopter helped track jewelry store robbers from Richmond Hill to Toronto, leading to the arrest of two men and two teenagers.
Montreal
-
Sentencing Friday for Quebecer convicted of killing spouse, two children
A Quebecer convicted this week in a triple domestic murder that left a woman and her two young children dead in a Montreal suburb will be sentenced at the end of this week, a Superior Court justice decided Wednesday.
-
Chez Doris women's shelter celebrates Christmas
Chez Doris hosted its annual holiday luncheon for vulnerable women.
-
Injured parachutist challenges CNESST over return-to-work order
A Lanaudière parachutist is challenging Quebec’s workplace health and safety board (CNESSST) after being ordered to return to work despite a severe injury that he says makes skydiving dangerous for him and his passengers.
Atlantic
-
Mix of snow, rain Wednesday night and Thursday; nor'easter Friday night into Saturday
A strong coastal storm threatens to bring heavy snowfall to parts of the Maritimes this weekend.
-
'A gift this size is extraordinary': Family donates $1M to N.S. hospital
A hospital foundation in Dartmouth, N.S., received a significant donation on Wednesday to help advance innovative and exceptional care.
-
Three people face charges in murder of Saint John man
Three people are facing charges in connection with the murder of 52-year-old Allan Lee, whose remains were found in Saint John, N.B., in the summer.
Winnipeg
-
'Missed opportunities' identified in critical incident review of Earl Moberg case
The Winnipeg Regional Health Authority has apologized to Earl Moberg’s family after finding "missed opportunities" in the care of the 81-year-old man with advanced dementia who went missing a year ago.
-
'It gets us going': Federal government chips in $150 million for sewage plant
More money is flowing for Winnipeg's most expensive project, but it might not be enough to save ratepayers from sticker shock.
-
Threat against Thompson schools results in evacuation, classes cancelled
Classes will resume Thursday after multiple Thompson schools were threatened and the local high school evacuated.
Ottawa
-
New visitor centre opens in downtown Ottawa
A new visitor centre has opened in downtown Ottawa to assist the millions of tourists who flock to Canada's capital every year.
-
Inside the Shepherds of Good Hope's supportive housing on Merivale Road
CTV News Ottawa was invited to tour the facility at 1095 Merivale Rd. and speak to staff and residents following issues raised by those living nearby.
-
Here were the top baby names in Ottawa last year
Ontario unveiled the top baby names for 2023, and Olivia and Adam occupy the top spots in Ottawa.
Northern Ontario
-
Plans for wellness hub in Timmins moving forward
The Cochrane District Services Board has finalized the purchase of a former hotel in Timmins, where a proposed wellness hub would be located.
-
War of words escalates into lawsuits between Greater Sudbury, roads contractor
A bitter battle between Greater Sudbury and a southern Ontario roads contractor related to a troubled repair job on the Kingsway is now in the courts.
-
One child taken to hospital after Sudbury school bus rear ended
One child has been taken to hospital after a school bus was rear-ended on Municipal Road 35 east of Azilda in Greater Sudbury on Wednesday morning.
Barrie
-
Fatal multi-vehicle crash on Highway 93 under investigation
Provincial police are investigating a multi-vehicle collision that claimed the life of one person in Springwater Township Wednesday morning.
-
Ont. father says police failed his family after 911 calls went unanswered
An Orangeville man is calling for accountability from Ontario Provincial Police (OPP) after he says thieves armed with a gun broke into his home and left his family traumatized.
-
Barrie man dies days after charges against him are withdrawn in fatal stabbing case
A Barrie man who spent nearly two years in custody accused of murder has died less than a week after the charges against him were withdrawn.
Kitchener
-
One person arrested for jewelry store robbery at Conestoga Mall in Waterloo
Waterloo Regional Police are investigating a jewelry store robbery at Conestoga Mall in Waterloo.
-
Victim in Cambridge apartment fire has died
A woman who was injured in a fire at a Cambridge apartment building on Tuesday has died from her injuries.
-
Multiple shots fired into Cambridge home
Police said multiple residences reported damages “consistent with shots fired.”
London
-
Dream Lottery grand prize winners announced
Dream Lottery announced their top winners Wednesday at the Royal Oak Dream Home in Thorndale.
-
'It was quite spectacular': LHSC brass marvel at staff professionalism during weekend shooting, improved security on the way
The provincially appointed supervisor at London Health Sciences Centre said improved security measures will be installed in the coming months at both the Victoria and University hospital sites.
-
'Weighs 1.7 million pounds with 2,200 tonnes of force': Massive stamping press arrives in Port Stanley
A massive cargo shipment shut down the harbour in Port Stanley, Ont. for a planned 12 hours Wednesday.
Windsor
-
'High visibility' initiative launching at 920 Ouellette in Windsor
While frequent calls are received, police say about 75 per cent of them are non-criminal — including well-being checks, ambulance requests and non-violent persons in crisis.
-
Semi-automatic rifle seized at Ambassador Bridge
Canada Border Services Agency officers seized a semi-automatic rifle at the Ambassador Bridge.
-
Leamington warns of scammers impersonating municipal staff to access homes
The Municipality of Leamington is warning residents about a scam involving individuals falsely claiming to represent its water services department in an attempt to access people's homes.
