TransCanada Makes Play to Buy Columbia Pipeline for $10B

It was only in mid-2015 that Columbia Pipeline Group broke away from parent NiSource to become it's own company (see NiSource/Columbia Pipeline Divorce is Final). And lookie here... TransCanada, the company that Obama screwed out of building the Keystone XL Pipeline, is in serious talks to buy out/merge with Columbia. The deal being rumored is on the order of $10 billion. TransCanada confirms they're talking with someone, but won't specifically name Columbia. But everyone knows its Columbia. Such a combination would create a powerhouse midstream company in North America...

---

To view this content, log into your member account. (Not a member? Join Today!)