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Arizona's 1,200-MWh Papago Storage Project Commences Operations

LCG, July 7, 2025--Recurrent Energy, a subsidiary of Canadian Solar Inc., announced today that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has achieved commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state's largest electric utility, in time to help meet rising electricity peak demands during the summer season.

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Public Service Company of Oklahoma Completes Acquisition of Green Country Power Plant

LCG, July 3, 2025--American Electric Power (AEP) announced today that on June 30, the 795-MW Green Country Power Plant officially became part of the generation portfolio of Public Service Company of Oklahoma (PSO), a unit of AEP.

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Industry News

TransCanada Sells $775 Million in Midstream Assets

LCG, Aug. 4, 2000--TransCanada PipeLines Ltd. said yesterday it had found buyers for most of its remaining natural gas liquids and extraction, and natural gas gathering and processing midstream assets in western Canada and will realize about $1.15 billion ($775 million U.S.) from their sale.

"The proceeds from these sales are in line with our expectations and mark another significantmilestone in TransCanada's divestiture program," said Doug Baldwin, TransCanada president and chief executive. "These sales, combined with other previously-announced sales and agreements bring TransCanada 80 per cent of the way to its $3 billion target from the divestiture of non-core assets."

The company said it would sell four properties and its interests in two others to Williams Energy Canada Inc. for an undisclosed sum. That sale is expected to close this autumn, after regulatory and government approvals are received.

Last month, TransCanada closed the sale of its roughly 30 per cent interest in the East Crossfieldgas plant and associated petroleum and natural gas rights to Mobil Oil Canada Limited sold its interests in three natural gas processing plants to AltaGas Services Inc.

Since last December, TransCanada has sold or has agreements to sell approximately $2.4 billion ($1.6 billion U.S.) of assets. "This will contribute significantly to our primary objective of strengthening TransCanada's financial position," Baldwin said. "As we continue to finalize the sale of non-core assets, our debt load will be reduced, our financing costs will decrease and we expect efficiencies in corporate costs, which will contribute to improved earnings and cash flow."

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