TransCanada Wins Mexico Pipeline Auction as Sempra Disqualified
- Canadian operator bid $336 million to develop gas pipeline
- Sempra's Mexico unit disqualified in 3 straight auctions
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TransCanada Corp. won rights to develop and operate a natural gas pipeline in central Mexico, beating a subsidiary of Sempra Energy that was disqualified from bidding.
TransCanada unit Transportadora de Gas Natural de la Huasteca won the auction with a bid of $336 million, the lowest of three companies that participated, state-owned utility Comision Federal de Electricidad or CFE said Friday. The Calgary-based pipeline owner, which recently announced plans to sell as much as 49 percent of its Mexican assets, now has six projects in the country.