TC Energy (TSE:TRP) has released an update.
TC Energy has successfully divested the Portland Natural Gas Transmission System, receiving approximately $750 million in pre-tax cash equity proceeds and moving towards its $3 billion asset divestiture target for 2024. This strategic sale not only contributes to the company’s debt-to-EBITDA ratio goal but also involves a pro-rata cash split with its partner Énergir and a commitment to assist the buyers for a smooth transition.
For further insights into TSE:TRP stock, check out TipRanks’ Stock Analysis page.
