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.

On March 8, we recognize International Women's Day (IWD) – a global movement promoting equality and a gender-inclusive world. This year’s theme is #EmbraceEquity – today and beyond, we all have a part in actively supporting equity within our communities and workplaces. When we embrace equity, we embrace diversity, and we embrace inclusion.

TransCanada Reports Strong Second Quarter 2018 Financial Results High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018