This document is a comprehensive report on a company's financial activities throughout the preceding year.

News Release — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will begin pre-construction activities of the Saddlebrook Solar Project located near Aldersyde, Alberta. TC Energy is investing $146 million to build its first Canadian solar power project. It has the capacity to generate 81 megawatts, enough energy to power 20,000 homes annually. The initial construction includes installing solar panels on TC Energy property in the local industrial park.

“North America has the resources and the responsibility to provide the world and its allies with clean energy. The country that has the vision and courage to look beyond its borders is the one that’s going to have the greatest impact on solving the global emissions problem while delivering prosperity to its people.” — TCE CEO François Poirier

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

Keystone System — NEB Tariff No. 23

This document provides a comprehensive report on a company's activities throughout the preceding year.