TransCanada Pipeline recently announced a USD $13 billion deal that would help expand its already vast natural gas pipeline footprint. In fact, the deal with Columbia Pipeline Group would create one of the largest regulated natural gas transmission businesses in North America.
Columbia Pipeline operates a 24,000-kilometre pipeline network that stretches from New York to the Gulf of Mexico.
The deal represents a rare opportunity to snap-up assets in the Marcellus and Utica shale gas regions of the northeastern US, said TransCanada CEO, Russ Girling.