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No business description found.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Blue Cloud Wind Farm | 2023 | TC Energy acquired the Blue Cloud Wind Farm on June 14, 2023, located in Bailey County, Texas, for US$125 million with a capacity of 148 MW; the deal involved acquiring 100% of the Class B Membership Interests and is accounted for as an asset acquisition without the recognition of goodwill. |
Fluvanna Wind Farm | 2023 | TC Energy closed the acquisition of the 155-MW Fluvanna Wind Farm on March 15, 2023, in Scurry County, Texas, for US$99 million (before post-closing adjustments), structuring the transaction with tax equity investors and applying the HLBV method to allocate earnings, while recording a non-controlling interest for the tax equity investor at an estimated fair value. |
KO Transmission assets | 2022 | Approved on April 28, 2022, for approximately US$80 million, this acquisition is aimed to integrate the assets into TC Energy's Columbia Gas pipeline to enhance last-mile connectivity and support future capital investments, pending FERC approval expected by the end of 2022. |
No recent press releases or 8-K filings found for TRP.