The provincially regulated business represents US$2.5 billion of the US$4.31 billion transaction, previously announced on 4 July 2018.
The assets include 19 provincially and federally regulated natural gas processing plants and 3550 km of natural gas gathering pipelines in British Columbia and Alberta. Under Brookfield’s ownership, the assets will be named NorthRiver Midstream Inc.
The sale of the remaining federally regulated assets is expected to close in mid-2019.
