TransCanada Expects No Material Financial Impact From Proposed Tax Actions by the Federal Energy Regulatory Commission.

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.

For most of us, there is abundant access to energy providing electricity to power essentials, such as heating, cooling, lighting, charging, refrigeration, and many more of life’s comforts.

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TransCanada Reaches Agreement to SellvCoolidge Generating Station for US$465 Million