TRANSCANADA AGREES TO PURCHASE PGT

TransCanada PipeLines Ltd., Calgary, has signed a letter of intent that could lead to acquisition of all the shares of Pacific Gas Transmission Co. (PGT), San Francisco. The transaction includes a 49% interest in Alberta Natural Gas Co. Ltd. (ANG) held by PGT, a wholly owned subsidiary of Pacific Gas and Electric Co. (PG&E), San Francisco. PGT operates a pipeline that moves as much as 1 bcfd of Alberta gas to California. The parties will continue discussions to determine if TransCanada will

More in Home