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Talk about bad luck. On Monday, TC Energy announced it had sold a 40% stake in its Columbia Gas Transmission pipeline subsidiary to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). Yesterday, a portion of the Columbia Gas Transmission pipeline in rural western Virginia--in Shenandoah County near Interstate 81--exploded and caught fire. Fortunately, the blast did not hurt nearby residents, nor were there any injuries among first responders who helped extinguish the fire.
