TC Energy/TransCanada

Enbridge | Energy Companies | Energy Services | EQT Corp | Kinder Morgan | Seneca Resources | TC Energy/TransCanada | Williams

Former Philly Mayor & Fla. Congressman (Dems) Join NatGas Group
September 19, 2023September 19, 2023

Natural Allies for a Clean Energy Future is a 501(c)(4) advocacy group launched in August 2020 to promote natural gas as the best solution to support so-called renewable energy and the best solution to lower greenhouse gas emissions. The leftist rag, The Guardian, reported that Natural Allies for a Clean Energy Future has budgeted over $10 million for its advocacy efforts. The efforts include convincing younger, liberal, and non-white audiences that natural gas is clean and green. Is it working? Last year, the group recruited former U.S. Senator Mary Landrieu (Democrat from Louisiana) and earlier this year recruited former Congressman Tim Ryan (Democrat from Ohio) to sit on the group’s “leadership council.” Natural Allies has just recruited two more Democrats as reps–former Philadelphia Mayor Michael Nutter and former Florida Congressman Kendrick Meek (both African Americans). Is this Democrats-for-hire? Or do all four of these people really believe in a future with natural gas energy?
Read More “Former Philly Mayor & Fla. Congressman (Dems) Join NatGas Group”
Anti-Drilling/Fossil Fuel | Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | Statewide VA | TC Energy/TransCanada | Virginia

Lefties Say Columbia Virginia Reliability Pipe Project is Racist
September 13, 2023September 13, 2023

In August 2022, Columbia Gas Transmission (a subsidiary of TC Energy) filed with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of existing pipeline (see Columbia Files w/FERC to Replace 48 Miles of Pipe in Southeast Va.). VRP will add 100 MMcf/d of incremental capacity on Columbia’s system to service delivery points in southeast Virginia, namely Virginia Natural Gas. In April of this year, the Federal Energy Regulatory Commission (FERC) issued a draft Environmental Impact State (dEIS) that finds the project won’t hurt Mom Nature (see Columbia Virginia Reliability Pipe Project Gets Favorable dEIS). Like mind-numbed robots, the radical left continues to spout nonsense that VRP is racist.
Read More “Lefties Say Columbia Virginia Reliability Pipe Project is Racist”
Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

TC Energy Splitting Company in Two – Oil & Gas Pipes Separated
July 28, 2023July 28, 2023

TC Energy, formerly TransCanada Corporation, has been in the news all week. Tuesday morning, a portion of the Columbia Gas Transmission pipeline (owned by TC Energy) in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). A day later, TC Energy announced it is selling a 40% stake in Columbia Gas Transmission to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). And now, yesterday, TC dropped a bomb: It intends to split the company in two. TC Energy will continue to focus on natural gas pipelines and related infrastructure. At the same time, it will spin off and create a brand new company that owns and focuses on liquids (i.e., crude oil) pipelines.
Read More “TC Energy Splitting Company in Two – Oil & Gas Pipes Separated”
CNG/LNG | Columbia Pipeline Group | Energy Services | Exporting | Industrywide Issues | Maryland | TC Energy/TransCanada

Columbia Pipe Explosion in Va. Reduces Flows to Cove Point LNG 50%
July 27, 2023July 27, 2023

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Tuesday morning, a portion of the Columbia Gas Transmission pipeline in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). Fortunately, the blast did not hurt nearby residents, nor were there any injuries among first responders who helped extinguish the fire. However, Columbia shut down flows in that region, including reducing flows to Columbia Gas’ Loudoun LNG interconnect to zero. That outage has affected gas heading to the Maryland coast and the Cove Point LNG export facility.
Read More “Columbia Pipe Explosion in Va. Reduces Flows to Cove Point LNG 50%”
Accidents | Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada | Virginia

Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire
July 26, 2023July 26, 2023

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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.
Read More “Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire”
Columbia Pipeline Group | Energy Services | TC Energy/TransCanada

Stock Market Doesn’t Like TC Energy’s 40% Sale of Columbia Pipe
July 26, 2023July 26, 2023

Columbia Gas Transmission pipeline is in the news–all over the place. Yesterday we told you about TC Energy’s plan to sell a 40% stake in the Columbia Pipeline (owned by TC) to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). Today’s lead story on MDN is about an explosion along the Columbia Pipeline in Virginia (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). This post is about investors who are unhappy with TC Energy.
Read More “Stock Market Doesn’t Like TC Energy’s 40% Sale of Columbia Pipe”
Columbia Pipeline Group | Energy Services | Industrywide Issues | M&A | Pipelines | TC Energy/TransCanada

TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP
July 25, 2023July 25, 2023

TransCanada Corporation, which renamed itself TC Energy in 2019, bought out/merged in U.S.-based Columbia Pipeline Group (now Columbia Gas Transmission) in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including the assumption of $2.8 billion of debt. Yesterday TC Energy announced it is selling a 40% stake in Columbia for US$3.9 billion (C$5.2 billion) to investment firm Global Infrastructure Partners (GIP). TC will retain majority ownership and operate the Columbia assets, which include 11,899 miles of pipeline extending from New York state to the Midwest and Southeast, along with dozens of storage fields in multiple states.
Read More “TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP”
Anti-Drilling/Fossil Fuel | Berkshire Hathaway | Energy Services | Industrywide Issues | Iroquois Gas Transmission | New York | Pipelines | Regulation | Statewide NY | TC Energy/TransCanada

NY DEC Intentionally Delays Permits for Iroquois Compressor Upgrades
July 24, 2023July 24, 2023

It is so maddening and frustrating to live and (if you are a business), operate in New York State. We have one-party rule: The radical leftwing of the Democrat Party. Former Gov. Andrew Cuomo (a lecher and liar) and current Gov. Kathy Hochul (Lt. Governor under Cuomo) are completely controlled by the radical environmental movement. Cuomo/Hochul’s latest target is to block the expansion of two compressor stations along the Iroquois Gas Transmission pipeline, preventing an additional 125 MMcf/d (million cubic feet per day) of Marcellus/Utica gas flowing into New York City and New England.
Read More “NY DEC Intentionally Delays Permits for Iroquois Compressor Upgrades”
Columbia Pipeline Group | Energy Services | Industrywide Issues | Litigation | M&A | TC Energy/TransCanada

Court: Columbia Pipe Shareholders Shafted in Sale, TC Energy Liable
July 3, 2023July 3, 2023

TransCanada Corporation, which renamed itself TC Energy in 2019, made a play for and bought out/merged in U.S.-based Columbia Pipeline Group in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including the assumption of $2.8 billion of debt. TransCanada paid Columbia shareholders $25.50 per share in cash. However, some Columbia shareholders were not happy with the price paid and said the deal was all hush-hush until it was simply popped on everyone at the last minute. Nobody else had a chance to bid up the price, and the price did not reflect the company’s true value, according to the disgruntled shareholders. So they sued. And on Friday, they won.
Read More “Court: Columbia Pipe Shareholders Shafted in Sale, TC Energy Liable”
Accidents | Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | TC Energy/TransCanada

Fire at Miss. Compressor Station Reduces M-U Flows to Gulf Coast
May 1, 2023May 1, 2023

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It’s interesting that a single point of failure, one compressor station, can impact an entire region. Last Friday morning around 1 am, storms moved through Alcorn County, Mississippi. Lightning struck a “vertical gas pipe” at the Columbia Gulf Transmission Corinth natural gas compressor station, releasing and igniting natural gas. One local news station characterized it as a “massive gas fire” that “prompted county-wide response.” The fire burned for over four hours until firefighters could put it out. Some 2.2 billion cubic feet per day (Bcf/d) of Marcellus/Utica molecules flow through that compressor station on their way to the Gulf Coast.
Read More “Fire at Miss. Compressor Station Reduces M-U Flows to Gulf Coast”
Energy Services | Industrywide Issues | Pipelines | Regulation | Statewide VA | TC Energy/TransCanada | Virginia

Columbia Virginia Reliability Pipe Project Gets Favorable dEIS
April 24, 2023April 24, 2023

Last August, Columbia Gas Transmission (a subsidiary of TC Energy) filed with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of 49 miles of existing pipeline (see Columbia Files w/FERC to Replace 48 Miles of Pipe in Southeast Va.). VRP will add 100 MMcf/d of incremental capacity on Columbia’s system to service delivery points in southeast Virginia, namely Virginia Natural Gas. The project rolls on. A few weeks ago, the Federal Energy Regulatory Commission (FERC) issued a draft Environmental Impact State (dEIS) that finds the project won’t hurt Mom Nature.
Read More “Columbia Virginia Reliability Pipe Project Gets Favorable dEIS”
Energy Services | Hydrogen | Industrywide Issues | Processing Plants | Statewide WV | TC Energy/TransCanada | West Virginia

Chemours & TC Energy Collaborate on 2 Hydrogen Hub Plants in WV
April 20, 2023April 20, 2023

One of the world’s largest chemical companies, the Chemours Company (which you used to know as DuPont), along with TC Energy (which you used to know as TransCanada), announced a memorandum of understanding (MOU) for the potential development of two electrolysis-based hydrogen production facilities at or near Chemours’ Washington Works and Belle manufacturing sites in West Virginia. Both companies are part of the effort to attract a hydrogen hub to West Virginia called Appalachian Regional Clean Hydrogen Hub (ARCH2). The financial terms of the Chemours/TC Energy deal were not disclosed.
Read More “Chemours & TC Energy Collaborate on 2 Hydrogen Hub Plants in WV”
Energy Services | Hydrogen | Industrywide Issues | TC Energy/TransCanada

TC Energy Branches Out into Liquefied Hydrogen – Orders 2 LH2 Units
January 11, 2023January 11, 2023

Plug Power Hydrogen Liquefier (click for larger version)

You’ve heard about LNG–or liquefied natural gas. But what about the FAR more explosive LH2? That’s liquefied hydrogen. Better known as rocket fuel (because rockets use LH2 as their main power source). Just like super-chilling natural gas into a liquid makes it easier and more economical to transport (especially on ships), super-chilling hydrogen makes it easier to transport too. TC Energy (formerly TransCanada), a gigantic pipeline company with major assets in the Marcellus/Utica, recently ordered two hydrogen liquefaction units to be used at two sites not identified and not yet operational.
Read More “TC Energy Branches Out into Liquefied Hydrogen – Orders 2 LH2 Units”
CNG/LNG | Energy Companies | Energy Services | EQT Corp | Exporting | Industrywide Issues | Statewide WV | TC Energy/TransCanada | West Virginia | Williams

WV Big Coal Pushes Back Against Partnership to Promote LNG Exports
October 14, 2022October 14, 2022

Two days ago, MDN told you that the Apostle of LNG, Toby Rice (CEO of EQT), had convinced his buddies at Williams and TC Energy (two pipeline companies) to join him in his latest effort to push for more U.S. LNG exports (see EQT, TC Energy, Williams Launch Partnership to Promote LNG Exports). The new club Rice and his friends formed is called the Partnership to Address Global Emissions (PAGE). The group said it would advocate for policies that encourage the development of the infrastructure (pipelines) needed to increase the production and exporting of LNG in order to replace coal and lower greenhouse gas (GHG) emissions. That bit about replacing coal has raised the hackles of the West Virginia Coal Association.
Read More “WV Big Coal Pushes Back Against Partnership to Promote LNG Exports”
CNG/LNG | Energy Companies | Energy Services | EQT Corp | Exporting | Industrywide Issues | Pipelines | TC Energy/TransCanada | Williams

EQT, TC Energy, Williams Launch Partnership to Promote LNG Exports
October 12, 2022October 12, 2022

EQT CEO Toby Rice has been and is on a mission to spread the gospel of LNG (see EQT CEO Toby Rice Unveils Nationwide Plan to “Unleash” U.S. LNG). We call Toby the Apostle of LNG. Yesterday, Apostle Toby (representing EQT), along with two other companies, TC Energy (formerly TransCanada) and Williams, launched a new group called Partnership to Address Global Emissions (PAGE). PAGE will advocate for policies that encourage the development of the infrastructure (pipelines) needed to increase the production and exporting of U.S. liquefied natural gas (LNG) to replace foreign coal and lower greenhouse gas (GHG) emissions.
Read More “EQT, TC Energy, Williams Launch Partnership to Promote LNG Exports”
Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | Regulation | TC Energy/TransCanada

FERC Extends Deadline for La. XPress Compressor Construction
July 27, 2022July 27, 2022

In October 2020, the Federal Energy Regulatory Commission (FERC) finally, after months of dithering, approved TC Energy to begin construction on its Louisiana XPress project to beef up flows along the existing Columbia pipeline system by an additional 850 million cubic feet per day (MMcf/d) by adding three new compressor stations and expanding a fourth compressor in Louisiana (see FERC Finally Approves Louisiana XPress Compressor Construction). The work was supposed to be done and dusted no later than Sept. 17th of this year. FERC just granted TC/Columbia an extra three months to get it done.
Read More “FERC Extends Deadline for La. XPress Compressor Construction”