PIH prime infrastructure group.

aet&d, page-81

  1. 300 Posts.
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    Got my meeting docs in the mail today.
    $25 million is the net proceeds (including sale of TGP to Palisade)

    Terms of Sale

    74.1% of WANH to ATCO
    100% of TGP to Palisade
    20.1% of Multinet and its 100% interest in DBNGP to Duet


    Purchase price $555,000,000
    Completion cash balance $34,125,000
    Restricted cash balance (PWH) $20,000,000
    GROSS PROCEEDS $609,125,000

    Westnet facility ($560,751,000)
    Other transaction costs ($20,376,000)
    Estimated wind up costs ($3,000,000)

    NET PROCEEDS $24,998,000



    A resounding NO for my vote.
 
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