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Article: TC PipeLines, LP to Acquire Additional Interest in Northern Border Pipeline.
- Article from:
- Business Wire
- Article date:
- February 15, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Alberta -- TC PipeLines, LP (NASDAQ:TCLP) (the Partnership) today announced it has entered into an agreement with Northern Border Partners, L.P. to acquire an additional 20 per cent general partnership interest in Northern Border Pipeline Company (NBPL), a Texas general partnership, for $300 million plus up to $10 million in transaction costs payable to a subsidiary of TransCanada Corporation (TransCanada). The Partnership will also indirectly assume approximately $120 million of debt of NBPL. The acquisition cost is subject to certain closing adjustments. The transaction is effective as of December 31, 2005 and is expected to close in the second quarter ...
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Article: ^TC PipeLines, LP Cash Distribution Again Meets ...
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January 19, 2000 ;
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... ... Executive Officer of TC PipeLines GP, Inc. ``TC PipeLines' principal asset, Northern Border Pipeline Company ... and cash flows.'' TC PipeLines, LP is a publicly ... percent interest in Northern Border Pipeline Company ...
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