Canadian pipeline operator TC Energy is reportedly considering a substantial asset sale plan to reduce its debt load and generate more funding for new investment ventures.

The company is actively pursuing the sale of a minority stake in ANR Pipeline, estimated to be worth $3 billion in enterprise value.

TC Energy is also exploring divestments of minority stakes in its Mexican operation, as well as its interests in the Portland Natural Gas Transmission System and the Millennium Pipeline. However, no final decisions have been made so far.

This leaves the possibility that TC Energy may ultimately decide to retain some or all of the mentioned assets in accordance with the information presented in the report.

Earlier this year, TC Energy successfully sold a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines to Global Infrastructure Partners (GIP) for $3.82 billion (C$5.3 billion). Previously, the company had outlined plans to undertake the spin-off of its liquids pipeline business.

TC Energy remains at the forefront of strategic business decisions aimed at strengthening its financial position and supporting its ongoing expansion efforts.