 Pacific Northern Gas Ltd. (PNG), a former portfolio company, delivers natural gas to customers in west-central British Columbia and through its subsidiary, Pacific Northern Gas (N.E.) Ltd., to customers in the province’s northeast. PNG’s transmission pipeline extends 587 kilometres from Summit Lake, B.C. to Prince Rupert on the west coast. PNG provides service to over 39,200 customers, including residential, commercial and a number of large industrial customers. PNG is publicly traded and is listed in the Toronto Stock Exchange [TSX: PNG.A, PNG.PR.A].
| Service: |
Delivery of natural gas through pipelines to customers in British Columbia.
|
| Strengths: |
High quality assets
Long-term contracts with major customers |
| Location: |
Head office in Vancouver, British Columbia. Transmission pipelines in west central and northeastern British Columbia. |
| Advisors: |
Scotia Capital Inc. acted as investment advisor to PNG at acquisition. Scotia Capital Inc. and CIBC World Markets Inc. acted as underwriters for the sale of Tricor's investment. |
| Investment Sold: |
April 2005 |
| Website: |
www.pacificnortherngas.com |
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