TC Energy Close to Selling Gas Pipeline Stake to Indigenous Groups

Provincial government agency Alberta Indigenous Opportunities Corporation (AIOC) has given its “contingent approval” on a loan guarantee to an indigenous consortium to buy a stake in TC Energy’s NGTL natural gas network system in Canada, with a deal expected to be announced next week, Bloomberg News reports, citing a TC Energy letter it has seen.  The agency has approved a loan guarantee of US$725 million (C$1 billion) to the consortium representing indigenous groups in Alberta, British Columbia, and Saskatchewan.  …