TC Energy/TransCanada

Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | TC Energy/TransCanada

Columbia Pipeline Shareholders Approve July 1 TransCanada Buyout
June 29, 2016June 29, 2016

The July 1st merger (buyout) of Columbia Pipeline Group by TransCanada barrels on. In March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica pipeline pie and has decided to buy Columbia Pipeline Group for $10 billion (see TransCanada Makes Play to Buy Columbia Pipeline for $10B). Last week 95% of Columbia’s shareholders voted to approve the merger. TransCanada says everything is on track for a July 1 closing…
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Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

TransCanada’s July 1 Merger with Columbia Pipeline Advances
May 19, 2016May 19, 2016

In March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica pipeline pie and has decided to buy Columbia Pipeline Group for $10 billion (see TransCanada Makes Play to Buy Columbia Pipeline for $10B). Columbia Pipeline shareholders are due to vote on the deal in June (see Columbia Pipeline Shareholders to Vote on TransCanada Deal June 22). There are numerous regulatory hoops to jump through before the merger/purchase becomes official. TransCanada has announced another such hoop has been successfully jumped through. On Tuesday, TransCanada announced the waiting period under the Hart-Scott-Rodino Anti-Trust Improvements Act (HSR Act) was terminated early by the U.S. Federal Trade Commission. That means the FTC has taken a look and doesn’t object…
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Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | TC Energy/TransCanada

TransCanada to Refile FTC Merger Notification in Columbia Deal
May 5, 2016May 5, 2016

In March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica midstream (i.e. pipeline) pie and has decided to buy Columbia Pipeline Group for $10 billion (see TransCanada Makes Play to Buy Columbia Pipeline for $10B). Columbia Pipeline shareholders are due to vote on the deal in June (see Columbia Pipeline Shareholders to Vote on TransCanada Deal June 22). But what’s this? Apparently there’s been a small bump on the road to a happy union. TransCanada announced yesterday they have withdraw their pre-merger notification with the U.S. Federal Trade Commission (FTC) and will refile the notification again on May 6 (tomorrow). Why? To restart the clock for FTC regulators who are reviewing the deal. Apparently there is a 30-day period at the end of which the FTC must render an opinion. Sometimes big, complex deals like this one take longer than 30 days, so a common practice is to pull the notification and re-file to buy the FTC more time…
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Columbia Pipeline Group | Energy Services | Iroquois Gas Transmission | TC Energy/TransCanada

TransCanada 1Q16: Sets its Sights on the Marcellus/Utica
May 4, 2016May 4, 2016

TransCanada Corporation is Canada’s largest midstream (i.e. pipelines and storage) company. TransCanada is the company that wanted to build out the Keystone XL oil pipeline into the United States, but the Obamadroids squashed it (it would flow nasty, icky oil through it). TransCanada is also making a major play to move into the Marcellus/Utica region by buying out/merging in Columbia Pipeline (see Rumor Comes True: TransCanada Buying Columbia Pipeline for C$13B). What’s happening with the buyout? We learn quite a bit from TransCanada’s first quarter 2016 update, released last Friday…
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Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | Pipelines | TC Energy/TransCanada

Columbia Pipeline Shareholders to Vote on TransCanada Deal June 22
April 21, 2016April 21, 2016

In March MDN told you that Canadian midstream giant TransCanada is making a play to buy American Columbia Pipeline Group for $10 billion/C$13 billion (see Rumor Comes True: TransCanada Buying Columbia Pipeline for C$13B). Columbia is a major Marcellus/Utica midstream (i.e. pipelines and processing plants) company. Yesterday Columbia set the date for when its shareholders will vote on the deal. The magic date is June 22…
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Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | Pipelines | TC Energy/TransCanada

Rumor Comes True: TransCanada Buying Columbia Pipeline for C$13B
March 18, 2016March 21, 2016

That was pretty fast. One week ago MDN told you that the rumor mill was working overtime about a potential buyout of Columbia Pipeline Group, a major Marcellus/Utica midstream company, by TransCanada, of Keystone XL Pipeline fame (see TransCanada Makes Play to Buy Columbia Pipeline for $10B). The number bandied about was $10 billion to buy Columbia. Neither Columbia nor TransCanada would confirm the rumors. But yesterday, TransCanada announced they’ve reached a deal with Columbia, to buy them for $13 billion (Canadian dollars, which is ~$10 billion US). It gives TransCanada a set at the midstream table since increasingly natural gas is flowing from the U.S. to Canada–after years of it being primarily the other way around. One of the primary selling points, according to TransCanada, is Columbia’s Marcellus/Utica assets. Here’s the Columbia/TransCanada announcement…
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Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | Pipelines | TC Energy/TransCanada

TransCanada Makes Play to Buy Columbia Pipeline for $10B
March 11, 2016March 11, 2016

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…
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Electrical Generation | Energy Services | Industrywide Issues | Lebanon County | Pennsylvania | TC Energy/TransCanada

TransCanada Buying Marcellus-Powered Electric Plant in Lebanon PA
October 15, 2015October 15, 2015

Canadian company TransCanada is perhaps best known for its Keystone XL Pipeline project, a 1,179-mile crude oil pipeline from Alberta, Canada, to Nebraska–if it ever gets built. Lord Obama opposes the pipeline and as we all know when a dictator opposes something, it doesn’t happen. The Keystone XL Pipeline would flow Canadian crude oil as far south as Texas. However, moving Canadian oil isn’t the only thing TransCanada does. They’re also owners of electric generating plants, and one of the markets they have their eye on is the northeast with its access to abundant, clean-burning Marcellus Shale gas. Last week TransCanada announced a deal to buy the Ironwood natural gas-fired power plant located in Lebanon, Pennsylvania. Ironwood produces up to 778 megawatts of electricity–enough electricity to power over half a million homes. TransCanada is paying $654 million to buy the plant…
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Energy Services | Industrywide Issues | Pipelines | Regulation | TC Energy/TransCanada

More Marcellus Gas Set to Flow into Canada Following NEB Approval
December 2, 2014December 2, 2014

TransCanada, one of North America’s largest midstream (pipeline) companies, has just received a key approval from the Canadian National Energy Board (NEB) that allows the company to raise rates on their main natural gas pipeline. The NEB approval ratified an agreement between TransCanada and its shippers worked out some two years ago. The reason the approval is news is this: “It gives all shippers the flexibility to source gas from various geographic locations including the Marcellus shale plays in the U.S., while ensuring that tolls are stable and set at levels that allow TransCanada to recover its system-wide costs.” In other words, more (cheap and abundant) Marcellus Shale gas will likely begin to flow into Canada. And that’s a good thing, as Martha Stewart says…
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Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

TransCanada to Enter Marcellus/Utica with ANR Pipeline Expansion
July 10, 2014July 10, 2014

TransCanada Corporation, the company perhaps most known (and reviled by the anti-drilling left) for their proposed Keystone XL oil pipeline, is making moves to grab a piece of the action in the Marcellus/Utica Shale. Last week TransCanada announced a non-binding open season until July 28 for shippers to grab capacity on a proposed expansion of their ANR pipeline–something they call the ANR East Project. The Project will provide Marcellus and Utica drillers with options to ship their gas out of the northeast to the Midwest, Gulf Coast, and even to Ontario, Canada. As part of the project, new pipeline would be built…
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Energy Services | Industrywide Issues | Ohio | Pipelines | Statewide OH | TC Energy/TransCanada

ANR Pipeline Succeeds, Reversing Flow to Ship Utica/Marcellus Gas
April 1, 2014April 1, 2014

MDN told you a few weeks ago that ANR Pipeline, owned by TransCanada, would potentially become bi-direction and reverse flows to carry Utica and Marcellus Shale gas to the Gulf Coast–if they can secure enough commitments from shippers (see TransCanada’s ANR Pipeline to Reverse & Carry Marcellus Gas South). ANR offered up to 600,000 dekatherms (or 600 million cubic feet, Mmcf) per day of capacity in the Utica/Marcellus. Yesterday ANR announced they have met their goal–and then some. Not only have they got 600 Mmcf/d of commitments for the portion coming from the Utica/Marcellus, they’ve secured enough commitments in other locations to move a total 2 billion cubic feet (Bcf) per day along the ANR Pipeline system both north and south, which stretches 10,600 miles through the midsection of the U.S.

Here is the good news announcement from ANR that they’re going bi-directional and now have firm commitments for the next 23 (!) years:
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Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

TransCanada’s ANR Pipeline to Reverse & Carry Marcellus Gas South
March 14, 2014March 14, 2014

This week TransCanada’s ANR Pipeline announced an open season to gauge interest on carrying plain old natural gas from the Marcellus and Utica Shale region all the way to the Gulf Coast. The plan is to reverse the flow of the ANR Pipeline that stretches from Indiana to the Gulf, and get the gas to Indiana by using the ANR Lebanon Lateral, a pipeline that goes from Lenanon, OH to the mainline ANR in Indiana. TransCanada is offering up to 600,000 dekatherms per day (Dth/d).

Here’s the story from NGI’s excellent Shale Daily publication:
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Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

TransCanada: Open Season to Pipe Marcellus/Utica Gas West & South
September 25, 2013September 25, 2013

More new pipeline capacity for Marcellus and Utica Shale gas may be on the way for northeast drillers. TransCanada announced two open seasons (times when drillers can contract pipeline capacity) for the ANR Pipeline System.

By using mostly existing pipelines with a few modifications, TransCanada hopes to pipe northeast shale gas to both the Midwest and Gulf Coast…
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Exporting | Industrywide Issues | Pipelines | TC Energy/TransCanada

U.S. Will Export Marcellus Natural Gas to Canada by 2020
September 14, 2011September 14, 2011

The TransCanada Canadian Mainline is an 8,762 mile natural gas pipeline that spans Canada from the Alberta/Saskatchewan border east to the Québec/Vermont border, along the way connecting with other natural gas pipelines in Canada and the U.S. With respect to the U.S., the gas today flows one way: from Canada to the U.S. But NGI Shale Daily reports that by 2020, the gas will be flowing the other way.

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