WEST LEBANON, N.H. — TransCanada, which has agreed to buy Houston-based Columbia Pipeline Group for nearly $10 billion as it expands in the U.S., is looking to sell its New England power generation business, including hydroelectric dams on the Connecticut River, as part of its effort to finance the project.
TransCanada bought 13 hydroelectric dams on the Connecticut and Deerfield rivers from USGen New England in 2005.
The Valley News reports the Wilder, Bellows Falls and Vernon, Vermont, dams are among the assets TransCanada plans to sell. TransCanada also plans to sell its Kibby wind development in Maine; its generation plants in Rhode Island, Pennsylvania and New York and its power marketing business
TransCanada, which had proposed the Keystone XL oil pipeline, has challenged the U.S. government’s rejection of the project.
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