U.S. leader B.J. Perry shares how his son’s courage sparked a journey of community impact and giving back.

2024 CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), have entered into a purchase and sale agreement to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock, through a fund managed by its Diversified Infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners (the Buyer), for a gross purchase price of US$1.14 billion, which includes the assumption of US$250 million of outstanding Senior Notes held at PNGTS. This transaction implies a valuation of approximately 11.0 times reported 2023 comparable EBITDA.

With its maze of pipelines and storage facilities, the City of Cushing has earned the nickname, “The Pipeline Crossroads of the World.” It is a critical community in the energy industry that is home to many Native American Tribes – as well as a fall festival that brings together the pipeline community and the Tribes. Native Fest is an annual festival held in September that TC Energy has sponsored for several years. A highlight of the festival is an art show that showcases the work of community members such as Amber L. DuBoise-Shepherd.

TC Energy announced plans to spin off its Liquids Pipelines business, creating two independent investment-grade, publicly listed companies to fully capture opportunities presented by long-term fundamentals driving energy transition and energy security.

Our community investment program, Build Strong, invests in organizations that are integral to local communities, and our business. Whether we are providing grants to organizations, awarding scholarships to students or sponsoring a local event that brings community members together, our goal is to help build strong, vibrant communities through mutually beneficial relationships.