TransCanada

TransCanada to sell its hydro dams in Mass., N.H. and Vermont

TransCanada to sell its hydro dams in Mass., N.H. and Vermont

TransCanada has revealed plans to sell its hydroelectric stations on the Connecticut River and Deerfield River to help finance its $13 billion merger with Houston-based Columbia Pipeline Group.

The properties to be sold include thirty thousand acres of land linked with hydro facilities in Massachusetts, New Hampshire and Vermont; in addition to three storage-only reservoirs.

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