# TC Energy sells three gas-fired power plants to OPG for $2.87B

TC Energy sold two natural gas-fired power plants (Napanee and Halton Hills) and a 50% stake in the Portlands Energy Centre to Ontario Power Generation for $2.87 billion.

- Type: Acquisition
- Announced: 2019-07-30
- Where: Ontario, Canada
- Value: $2.87B
- Status: announced
- Capacity: 900 MW Napanee, 683 MW Halton Hills, 550 MW Portlands Energy Centre (50%)
- Products: natural gas-fired power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ontario Power Generation](https://endata.com/companies/8140.md) (acquirer)
- [TC Energy](https://endata.com/companies/40987.md) (partner)
- [TC Energy](https://endata.com/companies/40987.md) (target)

## Sources

- [financialpost.com](https://financialpost.com/investing/tc-energy-strikes-a-2-87-billion-gas-plant-deal-with-ontario-power-generation/), 2019-07-30: "The transaction will see the Calgary-based pipeline giant formerly known as TransCanada sell two of its natural gas-fired power plants and a 50 per cent stake in a third gas plant to Ontario Power Generation Inc."
- [financialpost.com](https://financialpost.com/energy/opgs-multi-billion-dollar-gas-plant-buying-spree-partly-prompted-by-shifting-nuclear-landscape-ceo/), 2019-08-13: "The provincially owned electrical company’s dealmaking culminated in an approximately $2.87-billion agreement, announced late last month, to buy two Ontario gas plants — and half of a third plant in which it already held a 50 per cent stake — from Calgary-based TC Energy Corp."
- [ippjournal.com](https://ippjournal.com/update/opg-subsidiary-reaches-agreement-with-affiliates-of-tc-energy-to-acquire-natural-gas-assets), 2019-08-21: "Ontario Power Generation (OPG), under a new subsidiary, has entered into a purchase agreement with affiliates of TC Energy (formerly TransCanada Corporation) to acquire a portfolio of combined-cycle natural gas-fired plants in Ontario."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.