Financial position and utilization of critical energy infrastructure assets remain robust CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2020 of $1.3 billion or $1.36 per share compared to net income of $1.1 billion or $1.21 per share for the same period in 2019. For the six months ended June 30, 2020, net income attributable to common shares was...

TC Energy Corporation announced today that it has approved two new expansion projects totaling $1.3 billion on its wholly-owned natural gas pipeline systems. The $0.9 billion 2023 NGTL Intra-Basin System Expansion will deliver natural gas from the Western Canadian Sedimentary Basin (WCSB) to markets within Alberta on the NOVA Gas Transmission Ltd. (NGTL) System, while the US$0.3 billion Alberta XPress project will see the expansion of the ANR Pipeline (ANR) to provide a seamless path for Canadian production to access growing LNG export and other markets along the U.S. Gulf Coast.

The proprosed Karr North Project will increase natural gas transportation capacity on the NGTL System in Alberta, helping meet growing demand and deliver safe, reliable energy.

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The Towerbirch pipeline project will include 55 km of 36-inch pipeline paralleling the existing NGTL Groundbirch Mainline, along with new meter stations, and expansion of one meter station. The majority of this projects scope will be within British Comumbia, with only a portion in Alberta.