tce-CPOC-Financial-Statements-Q2-2025.pdf

2017 NGTL System Expansion Project — Commitment Tracking No. 38

NGTL System (24,631 km) is connected to one of the largest supply basins on the continent, the Western Canadian Sedimentary Basin (WCSB).

The NGTL System has been quietly powering the continent for decades and will continue to do so as we continue its legacy.

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.