2024 CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), have entered into a purchase and sale agreement to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock, through a fund managed by its Diversified Infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners (the Buyer), for a gross purchase price of US$1.14 billion, which includes the assumption of US$250 million of outstanding Senior Notes held at PNGTS. This transaction implies a valuation of approximately 11.0 times reported 2023 comparable EBITDA.

2024 Abandonment Program - Program Update

TC Energy announced plans to spin off its Liquids Pipelines business, creating two independent investment-grade, publicly listed companies to fully capture opportunities presented by long-term fundamentals driving energy transition and energy security.

This Policy outlines the expectations regarding being Fit for Work and Employee use and possession of Alcohol and Drugs. It is intended to minimize the risks to the Company’s operations and to support the Company’s commitment to a safe and healthy workplace.