Duke Energy Sells Interest in Foothills Pipelines

Charlotte, North Carolina-based Duke Energy sold its interest in Foothills Pipe Lines Ltd. to Calgary-based TransCanada PipeLines Limited for US$105 million plus assumed debt, on August 15, 2003. As a result, Foothills will become a wholly owned subsidiary of TransCanada.

TransCanada was represented by in-house counsel David Kohlenberg and Christine Johnston. Duke Energy was represented by in-house counsel Bruce Pydee and Curt Bernardi, and assisted by McCarthy T├ętrault LLP, with a team that included John Pearson, Byran Gibson, Jack Lutes, Edwin Kroft and Oliver Borgers.

Lawyer(s)

Edwin G. Kroft John W. Pearson Oliver J. Borgers Curt D. Bernardi Byran Gibson Bruce E. Pydee