tce-2026-q2-results-presentation.pdf

TC Energy is disappointed that the Tribunal constituted to hear the company’s claim to recover more than US$15 billion in damages resulting from the revocation on Jan. 20, 2021 of the Presidential Permit for the Keystone XL Project has determined in a jurisdictional ruling that the claim cannot proceed.

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.

TransCanada Corporation announced it has successfully concluded the Keystone XL open season, securing approximately 500,000 barrels per day of firm, 20 year commitments, positioning the proposed project to proceed. Interest in the project remains strong and TransCanada will look to continue to secure additional long-term contracted volumes.