TC Energy Corporation (TC Energy) announced today that it has entered into an agreement to sell its U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services, LLC, a subsidiary of UGI Corporation (NYSE: UGI), for approximately US$1.275 billion (Cdn$1.7 billion).

The North Corridor Expansion Project in northwestern Alberta expanded pipeline capacity for the transportation of natural gas from the Peace River Project Area (PRPA) to growing markets located in northeastern Alberta. The Project included three pipeline components and one compressor station unit addition.

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