tc-nky-gate-enhancement-fact-sheet-june-2024.pdf

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

2017 NGTL System Expansion Project — Commitment Tracking No. 38

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.

The decision to expand our Houston Tank Terminal from two to four storage tanks is an example of TC Energy meeting our suppliers’ needs today, while anticipating the crude oil market demands of tomorrow. The two additional tanks that opened for business at our Gulf Coast tank terminal gives TC Energy’s Liquids business unit and our customers greater flexibility to store and move different grades of oil more quickly and efficiently in the Gulf Coast region.

tce-UNGC-Principles.pdf