Reuters logo
3 months ago
BRIEF-TC Pipelines says Great Lakes Gas Transmission enters into term sheet with Transcanada Pipelines
April 28, 2017 / 8:49 PM / 3 months ago

BRIEF-TC Pipelines says Great Lakes Gas Transmission enters into term sheet with Transcanada Pipelines

1 Min Read

April 28 (Reuters) - TC Pipelines LP

* TC Pipelines LP - on April 24 Great Lakes Gas Transmission Ltd partnership entered into a term sheet with Transcanada Pipelines Limited - SEC filing

* TC Pipelines LP - term sheet provides for a contract term of 10 years and a total contract value of up to $758 million - SEC filing

* Term sheet provides for a long-term transportation capacity contract

* TC Pipelines LP - contract may commence as soon as November 1, 2017, contains volume reduction, termination options beginning end of year 3 of contract

* As per capacity contract, Great Lakes will provide transportation services to tcpl on its natural gas pipeline Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below