Here is the article.
July 31, 2020 -> August 22, 2020
Price went up 8%.
A $37 billion capital outlay
And the company has no intention of resting on its laurels. TC Energy’s mammoth development pipeline has $37 billion of capital projects underway. Around $3 billion of assets have been placed into service in the first half of 2020. These are $2.9 billion of NGTL System and $0.1 billion of Canadian mainline capacity projects.
The company has added $11 billion to its cash position after a sale of 65% equity interest and project financing of the Coastal GasLink project for net proceeds of $2.1 billion. It sold its Ontario natural gas-fired power plants for a total of around $2.8 billion.
TC Energy has also issued debt worth $2 billion (seven-year fixed-rate medium-term notes) and $1.25 billion (10-year fixed-rate senior unsecured notes) and made arrangements for $2 billion worth credit facilities with its bankers.
TC’s construction of the Keystone XL pipeline started in April and has approved a $400 million Elwood Power Project on July 29 to replace, upgrade and modernize certain ANR facilities.
You can take a look at the details of the company’s capital program until 2023.
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