trending Market Intelligence /marketintelligence/en/news-insights/trending/lVfb8HTcERp5-T5fPJ0mqg2 content esgSubNav
In This List

TransCanada to sell retail power contracts to EDF Energy

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


TransCanada to sell retail power contracts to EDF Energy

TransCanada Corp. has agreed to sell its outstanding U.S. retail power contracts to EDF Energy Services LLC, as part of its plan to gradually retire TransCanada Power Marketing Ltd. operations.

The deal is slated for completion in the first quarter of 2018, subject to certain regulatory approvals, according to a Dec. 27 company release. Financial and other details of the transaction were not disclosed.

TransCanada announced its intention to wind down its TransCanada Power Marketing operations in June when it completed the divestiture of all of its remaining merchant generation power assets totaling 4,000 MW in the U.S. Northeast to an LS Power Equity Advisors LLC affiliate in a deal valued at about $2.1 billion.