CALGARY, Alberta, Dec. 26, 2019 (GLOBE NEWSWIRE) — News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that it has entered into an agreement to sell a 65 per cent equity interest in the Coastal GasLink Pipeline Project (Coastal GasLink or the Project) to KKR and Alberta Investment Management Corporation (AIMCo) on behalf of certain AIMCo clients.

The Canyon Creek Pumped Hydro Energy Storage Project, located 13 kms from Hinton, will feature a 30-acre upper reservoir and four-acre lower reservoir and will have a power generation capacity of 75 MW, providing up to 37 hours of on-demand, flexible, clean energy and ancillary services to the Alberta electricity grid.