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ATCO Gas and Pipelines Ltd.

Company Summary

Description

ATCO Gas And Pipelines Ltd is located in Edmonton, AB, Canada and is part of the Natural Gas Distribution & Marketing Industry.

Website

https://www.atco.com/en-ca/for-business/natural-ga...

Operational Regions

  • Canada

Related Entities

Recent news

  • 4/3/2023 - ATCO Ltd. Agrees to... (subscriber access)
  • 6/30/2022 - Alberta Announces... (subscriber access)
  • 7/1/2021 - TransAlta & Tidewater... (subscriber access)
  • 10/1/2020 - TransAlta & Tidewater... (subscriber access)

Company Transactions

Date: 7/30/2020
Type: Acquisition

BUYERS:
  • ATCO Gas and Pipelines Ltd.
    • SELLERS:
  • TransAlta Corp
  • Tidewater Midstream and Infrastructure Ltd
    • ASSETS:
  • Pioneer Pipeline
    • DETAILS:

    COST: 255 $MM

    NOTES:
    TransAlta Corp. and its partner Tidewater Midstream & Infrastructure have agreed to a joint deal to sell the Pioneer Pipelne to ATCO Gas and Pipelines Ltd. for C$255 million. The new deal replaces a prior plan to sell the asset to NOVA Gas Transmission, as ATCO acquired the right to purchase the assets via an option agreement with NGTL.
    REGIONS:
  • Western Canadian Sedimentary Basin