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.

TransCanada, like all modern pipeline systems, has extensive sensor-based data collection networks.

TC Energy Corporation (TSX, NYSE: TRP) has today filed with Canadian securities authorities: Audited Consolidated Financial Statements for the year ended Dec. 31, 2021 with related Management’s Discussion and Analysis (Annual Report); and The Company’s Annual Information Form for the year ended Dec. 31, 2021. In addition, TC Energy filed its Form 40-F for the year ended Dec. 31, 2021 with the United States Securities and Exchange Commission.

tce-CPHC-Combined-Financial-Statements-Q1-2024-5.28.pdf

Commitment Tracking Table No. 1

NOVA Gas Transmission Ltd. (NGTL) Grand Prairie Mainline Loop No. 4 (Valhalla North Section) and Berland River Compressor Station C3 Unit Addition (Project) Project Notification

Commitment Tracking Table No. 8