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BUSINESS
January 27, 1998 | Bloomberg News
TransCanada Pipelines Ltd. said it will buy Nova Corp. for stock valued at $4.91 billion, a move that would bolster its ability to compete with big U.S. rivals in distributing natural gas through pipelines. The combined company would have a pipeline network extending from Alberta, Canada's gas fields to the Vermont border. TransCanada and Nova, both based in Calgary, Canada, already distribute most of Canada's natural gas and want to expand in the U.S. . . . Union Pacific Resources Group Inc.
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BUSINESS
January 27, 1998 | Bloomberg News
TransCanada Pipelines Ltd. said it will buy Nova Corp. for stock valued at $4.91 billion, a move that would bolster its ability to compete with big U.S. rivals in distributing natural gas through pipelines. The combined company would have a pipeline network extending from Alberta, Canada's gas fields to the Vermont border. TransCanada and Nova, both based in Calgary, Canada, already distribute most of Canada's natural gas and want to expand in the U.S. . . . Union Pacific Resources Group Inc.
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BUSINESS
January 26, 1998
A much-anticipated $9.7-billion merger between Canadian pipeline firms NOVA Corp. and TransCanada PipeLines Ltd. is expected to be announced today after a weekend of intense talks.
BUSINESS
January 26, 1998
A much-anticipated $9.7-billion merger between Canadian pipeline firms NOVA Corp. and TransCanada PipeLines Ltd. is expected to be announced today after a weekend of intense talks.
BUSINESS
April 25, 1997
Santa Fe Pacific Pipeline Partners L.P. said it is joining TransCanada Pipelines Ltd. in an $8.5-million venture to construct and operate a transmix processing facility at Santa Fe's Colton terminal. The facility, which is expected to start operating in early 1998, will convert transmix into finished petroleum products. Transmix is the mixture of gasoline and distillate products that occurs as a result of pipeline and terminal operations.
BUSINESS
September 6, 1991 | From Times Staff and Wire Reports
PG&E to Sell Subsidiary: Pacific Gas & Electric Co. said it has agreed in principle to sell Pacific Gas Transmission Co., a wholly owned subsidiary, to TransCanada PipeLines Ltd. of Calgary, Alberta. Pacific Gas Transmission owns a 612-mile natural gas pipeline system running between British Columbia and the Oregon-California border. The purchase price is expected to be $290 million to $350 million, which will also cover the subsidiary's 49% interest in Alberta Natural Gas Co.
NEWS
July 30, 1995 | From Times Staff and Wire Reports
An explosion north of Brandon in Manitoba ripped through a natural gas pipeline owned by TransCanada Pipelines Ltd., Canadian media reported. The early morning blast sent a huge fireball into the sky, the Canadian Press news agency reported. The pipeline's gas supply was cut off, and the fire was extinguished an hour later. No one was injured in the explosion, which took place about 120 miles west of Winnipeg.
BUSINESS
August 10, 1993
Alpharel Inc. said its second-quarter net income nearly tripled on a 22% revenue gain. The Camarillo supplier of software for document managing earned $180,000 in the three months ended June 30, compared with a $61,000 profit a year earlier. Its revenue jumped to $1.7 million from $1.4 million in 1992's second quarter. For the six months, Alpharel's profit climbed to $476,000 from $122,000, while revenue rose to $3.6 million from $2.8 million a year earlier.
NATIONAL
April 14, 2009 | Times Wire Reports
The Commerce Department announced its opposition to a proposed massive floating liquefied natural gas terminal in Long Island Sound. Environmentalists and politicians in New York and Connecticut have campaigned for years to stop what would be the world's first floating liquefied natural gas terminal. About the size of the Queen Mary 2, the terminal would be the length of four football fields, about eight stories high and located nine miles off Long Island. After New York Gov. David A. Paterson ruled against the project last year, Broadwater -- a consortium of Shell Oil and TransCanada Pipelines Ltd. -- appealed to the Commerce Department.
BUSINESS
April 25, 1997
Santa Fe Pacific Pipeline Partners L.P. said it is joining TransCanada Pipelines Ltd. in an $8.5-million venture to construct and operate a transmix processing facility at Santa Fe's Colton terminal. The facility, which is expected to start operating in early 1998, will convert transmix into finished petroleum products. Transmix is the mixture of gasoline and distillate products that occurs as a result of pipeline and terminal operations.
BUSINESS
September 6, 1991 | From Times Staff and Wire Reports
PG&E to Sell Subsidiary: Pacific Gas & Electric Co. said it has agreed in principle to sell Pacific Gas Transmission Co., a wholly owned subsidiary, to TransCanada PipeLines Ltd. of Calgary, Alberta. Pacific Gas Transmission owns a 612-mile natural gas pipeline system running between British Columbia and the Oregon-California border. The purchase price is expected to be $290 million to $350 million, which will also cover the subsidiary's 49% interest in Alberta Natural Gas Co.
BUSINESS
January 7, 2006 | From Bloomberg News
Power plant owner Calpine Corp., which filed for bankruptcy protection last year, will consider selling assets as part of its restructuring, Chief Executive Robert May said Friday. The company's management will use the coming months to determine which assets and business lines it should keep and which it can do without, May told creditors at a meeting in New York. May didn't specify which assets might be sold. Calpine owns more than 90 power plants.
BUSINESS
April 21, 1987 | Associated Press
The political opposition blasted the planned Amoco takeover of debt-ridden Dome Petroleum as a "black day for Canada" and urged the government Monday to block the sale. However, the Conservative government headed by Prime Minister Brian Mulroney welcomed the prospect of solving Dome's six-year debt crisis, and oil analysts forecast the deal would go through. Officials from Canada's Energy Department met with Amoco representatives in Calgary on Sunday to outline federal takeover requirements.
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