Pembina Pipeline Corporation and TC Energy Corporation are pleased to share their plan to jointly develop a world-scale carbon transportation and sequestration system which, when fully constructed, will be capable of transporting more than 20 million tonnes of CO2 annually. By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid ("ACG" or the "Project") represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy and create sustainable long-term value for Pembina and TC Energy stakeholders.

This MD&A covers TCPL’s financial position and operations as at and for the year ended December 31, 2011.

In accordance with Certificate Condition 21 and Condition 5 of the Order, NGTL encloses the Commitment Tracking Table for the Project. The reporting period for this submission is September 15, 2016 to October 15, 2016.

In accordance with Certificate Condition 21 and Condition 5 of the Order, NGTL encloses the Commitment Tracking Table for the Project. The reporting period for this third submission is May 15, 2015 to October 15, 2015.