The financial gears continue to grind at TransCanada Corp. (NYSE: TRP), which on Feb. 27 offered to drop down its 49.3% interest in the Iroquois Gas Transmission System LP as well as its remaining interest in the Portland Natural Gas Transmission System to its MLP, TC PipeLines LP (NYSE: TCP).The actions are part of the company’s near-term CA$23 billion (US$17.4 billion) capital buildup and reinforce the role the MLP will play in the program, said Russ Girling, president and CEO, in a statement.
[Read More …]
Source: Daily Dose of ShaleDirectories.com News