Top

TransCanada to buy Columbia Pipeline Group for $9.92 billion

March 21, 2016

TransCanada Corp., the Canadian company behind the Keystone XL pipeline, has agreed to buyColumbia Pipeline Group for nearly $10 billion as it expands in the U.S.

Houston-based Columbia Pipeline owns 15,000 miles of interstate natural gas pipelines that extends from New York to the Gulf of Mexico.

With the acquisition, TransCanada will have about 57,000 miles of pipeline in North America.

Read More on Penn Energy