Power Market Update — November 2024

This document is a comprehensive report on a company's activities throughout the preceding year.

Pembina Pipeline Corporation and TC Energy Corporation are pleased to share their plan to jointly develop a world-scale carbon transportation and sequestration system which, when fully constructed, will be capable of transporting more than 20 million tonnes of CO2 annually. By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid ("ACG" or the "Project") represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy and create sustainable long-term value for Pembina and TC Energy stakeholders.

TransCanada today announced its Sundre Crossover Project has been placed into service in central Alberta, increasing the company’s capacity to transport natural gas on TransCanada’s NOVA Gas Transmission Ltd. (NGTL) System to downstream pipelines and key markets in the Pacific Northwest and California.