TransCanada Corporation today announced that it has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately US$465 million (Cdn$623 million), subject to closing adjustments and customary regulatory approvals. Located in Coolidge, Arizona, the Coolidge Generating Station is a 575-megawatt natural gas-fired power facility that is underpinned by a long-term power purchase agreement (PPA).

We're more than a pipeline company — we're a team. Whether in Canada, the U.S. or Mexico, the people who call TransCanada home make contributions that make us better, smarter and more successful every day. We're proud to support people like Juan, from our Leak Detection Engineering Department, within the Liquids Pipelines Business Unit.

The proposed Project consists of two pipeline components which would add up to approximately 85 kilometres (km) of newly constructed 48- inch pipe to the NGTL System, as well as a compressor station unit addition.