TransCanada to retrench, offload key assets

TransCanada PipeLines Ltd., Calgary, has decided to return to its core business by selling all assets not associated with its $21 billion (Can.) pipelining, power generation, and marketing activities in Canada and the northern US. This means the company is exiting its substantial midstream and international businesses.CEO Doug Baldwin said Trans- Canada's strong suit is low-cost gas transmission across the northern tier of North America with advantages at both ends of the pipeline. He noted that TransCanada's pipeline system ships natural gas from the most attractive gas basin in North America, the Western Canada Sedimentary Basin, and at the other end is linked to the largest energ...

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