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TCP - TC PipeLines LP News Story

$26.03 -0.3  -1.3%

Last Trade - 25/09/20

Market Cap £1.50bn
Enterprise Value £3.08bn
Revenue £308.4m
Position in Universe 1808th / 6417

BRIEF-TC Pipelines says Great Lakes Gas Transmission enters into term sheet with Transcanada Pipelines

Fri 28th April, 2017 9:15pm
April 28 (Reuters) - TC Pipelines LP  TCP.N  
    * TC Pipelines LP - on April 24 Great Lakes Gas Transmission 
Ltd partnership entered into a term sheet with Transcanada 
Pipelines Limited - SEC filing 
    * TC Pipelines LP -  term sheet provides for a contract term 
of 10 years and a total contract value of up to $758 million - 
SEC filing 
    * Term sheet provides for a long-term transportation 
capacity contract 
    * TC Pipelines LP - contract may commence as soon as 
November 1, 2017, contains volume reduction, termination options 
beginning end of year 3 of contract 
    * As per capacity contract, Great Lakes will provide 
transportation services to tcpl on its natural gas pipeline 
 
Source text for Eikon:  ID:nEOL8LdM9L  
Further company coverage:  TCP.N  
 
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