TransCanada To Sell Rest Of Its U.S. Natural Gas Pipeline Assets

(RTTNews) - Energy infrastructure company TransCanada Corp. (TRP.TO, TRP), Friday, commenting on its trading activity in common shares, said it plans to sell the rest of its U.S. natural gas pipeline assets to its master limited partnership, TC PipeLines, LP (TCP) over the coming years. These assets are expected to generate nearly $500 million in earnings before interest, tax, depreciation and amortization or EBITDA in 2016 and beyond.

The company believes its present corporate form, asset base and financial strength will provide critical underpinning to execute its $38 billion capital program, which is expected to generate sustainable growth in future cash flow, earnings and dividends.