TRANSCANADA TO BUY INTEREST IN ANG

TransCanada PipeLines Ltd., Calgary, has agreed to buy Pacific Gas Transmission Co.'s 49% interest in Alberta Natural Gas Co. Ltd. (ANG) for $97 million (U.S.). PGT is a wholly owned subsidiary of Pacific Gas & Electric Co., San Francisco. The sale, to be complete June 30, is expected to result in an after tax gain for PG&E of about $20 million. The transaction, approved by PGT and TransCanada boards, is subject to regulatory approvals.

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