TransCanada Trying to Flip Power Plant

Six weeks ago, TransCanada Corp. closed a deal to buy a power plant in Pennsylvania. On Thursday, the company put it back up for sale. The 704-megawatt Ironwood natural gas-fired power complex that TransCanada bought for $657 million from Talen Energy Corp. is back on the block as the company looks for ways to finance another acquisition worth 15 times more, the company said Thursday. In fact, the company’s putting a whole set of U.S....

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TransCanada Asks U.S. to Suspend Pipeline Review

Toronto — TransCanada, the company behind the controversial Keystone XL pipeline from Canada to the U.S. Gulf Coast, has asked the U.S. State Department to pause its review of the project. The move comes as the Obama administration increasingly appears likely to reject the pipeline permit application before leaving office in January 2017. TransCanada said Monday it had sent a letter to Secretary of State John Kerry requesting that the...

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