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TC Energy shareholders vote to spin off liquids pipeline business
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TC Energy shareholders vote to spin off liquids pipeline business
Jun 4, 2024 7:49 AM

June 4 (Reuters) - TC Energy ( TRP ) shareholders voted

in favour of spinning off the Canadian company's liquids

pipeline business on Tuesday, creating a new energy

infrastructure firm known as South Bow Corp whose assets include

the Keystone oil pipeline.

The spin-off will help Calgary-based TC lower its high debt

load and focus on moving natural gas. Analysts expect the spin

off to be completed later this year.

(Reporting by Nia Williams in British Columbia)

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