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TransCanada acquires GTN Corporation.

TransCanada Corp. has closed its acquisition of Gas Transmission Northwest Corp. from National Energy & Gas Transmission, Inc. for $1.7 billion, including $500 million of assumed debt and subject to typical closing adjustments. The principal assets of GTNC am the Gas Transmission Northwest (GTN) and North Baja pipeline systems.

The GTN pipeline system consists of more than 1,350 miles of pipeline extending from TransCanada's facilities near Kingsgate, BC to a point near Malin, OR. The natural gas transported on this pipeline originates primarily in Canada and is supplied to customers in the Pacific Northwest, Nevada and California.

The North Baja pipeline is an 80-mile system. It extends from a point near Ehrenberg, AZ to a point near Ogilby, CA on the California-Baja California, Mexico border. The natural gas transported on this system comes primarily from the Southwest and is transported to markets in Northern Baja California, Mexico.
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Title Annotation:Newsreel
Publication:Pipeline & Gas Journal
Geographic Code:1USA
Date:Dec 1, 2004
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