Axes

TransCanada PipeLines Limited announced late Tuesday that it plans to divest its natural gas marketing business in order to focus on its core natural gas transmission and power businesses in Canada and the northern tier of the United States. The news came almost a year-and-a-half after the company embarked upon a $3.45 billion divestiture program as part of a strategic restructuring (see Daily GPI, Dec. 9, 1999; Oct. 13, 2000).