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TC Energy Corporation

Company Summary

Description

TC Energy and its affiliates deliver the energy millions of people rely on every day to power their lives and fuel industry. We are not only focused on what we do, but how we do it - guided by core values of safety, responsibility, collaboration and integrity, our more than 7,000 people are committed to sustainably developing and operating pipeline, power generation and energy storage facilities across Canada, the United States and Mexico.

Website

https://www.tcenergy.com

Operational Regions

  • North America
  • Canada
  • United States

Financial Data:

NYSE:TRP from Google Finance




Tickers:

  • TRP - New York Stock Exchange
  • TRP-PA - Toronto Stock Exchange
  • TRP - Toronto Stock Exchange
  • TRP-PB - Toronto Stock Exchange
  • TRP-PC - Toronto Stock Exchange

Related Entities

Recent news

  • 1/6/2021 - TC Energy Commences Open... (subscriber access)
  • 1/5/2021 - Montana Regulators Grant... (subscriber access)
  • 12/15/2020 - TC Energy Acquiring All... (subscriber access)
  • 12/8/2020 - TC Energy Launches $1B... (subscriber access)
  • 11/18/2020 - Gulfport Asking... (subscriber access)

Investor Presentations

  • 3Q20 Earnings Presentation
  • 2Q20 Investor Presentation (subscriber access)
  • 2Q19 Earnings Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 2018 Annual Meeting (subscriber access)
  • 2017 Investor Day Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • 2017 Annual Meeting (subscriber access)
  • 1Q17 Investor Presentation (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Acquisition

DETAILS:

COST: 1 $B

NOTES:
TC Energy reached a deal with Natural Law Energy whereby they will make a $1 billion equity investment into the Keystone XL Pipeline Project. The first phase of the deal will close in 3Q21, contingent on NLE securing financing.
REGIONS:
  • North America
  • Date: 3/31/2021
    Type: Acquisition

    SELLERS:
  • TC PipeLines, LP
  • DETAILS:

    COST: 1.68 $B

    NOTES:
    TC Energy will be acquiring all outstanding common units of TC PipeLines, LP, under a 0.70 share-for-unit exchange, marking a 19.5% premium to the TCP closing price before the initial offer on October 2, 2020. Closing will occur in the first or second quarter of 2021, and the ratio reflects a value of $1.68 billion for 38 million TC Energy common shares which will be exchanged.
    REGIONS:
  • North America
  • Date: 5/26/2020
    Type: Acquisition

    NOTES:
    AIMco and KKR have acquired a 65% stake in TC Energy's Coastal GasLink Pipeline Project via a consortium. Concurrent with this sale, TC expects to enter into a secured project financing construction credit facility to fund 80% of construction costs. Both transactions are slated to close in mid-2020.
    REGIONS:
  • Canada
  • Date: 6/30/2019
    Type: Acquisition

    DETAILS:

    COST: 465 $MM

    VOLUMES: 575 MW

    NOTES:
    TransCanada reported that in March 2019 they cancelled the agreement with SWG Coolidge Holdings to divest the Coolidge Generating Station while simultaneously entering into a deal with Salt River Project Agriculture Improvement and Power District to sell the facility for $465 million.

    Date: 10/30/2018
    Type: Acquisition

    DETAILS:

    COST: 630 $MM

    VOLUMES: 365 MW

    NOTES:
    TransCanada has entered into a deal with Innergex Renewable Energy to sell their 62% stake in Cartier Wind Energy
    REGIONS:
  • Canada
  • Date: 12/31/2017
    Type: Acquisition

    DETAILS:

    COST: 540 $MM

    VOLUMES: 76 MW

    REGIONS:
  • Canada
  • Date: 6/1/2017
    Type: Acquisition

    NOTES:
    TransCanada will sell 49.3% stake in the Iroquois Gas Transmission System and remaining 11.8% interest in Portland Natural Gas Transmission System (PNGTS) to TC Pipeline LP.
    REGIONS:
  • Northeast
  • Date: 4/15/2017
    Type: Acquisition

    Date: 4/15/2017
    Type: Acquisition

    Date: 7/1/2016
    Type: Merger

    DETAILS:

    COST: 13 $B

    REGIONS:
  • United States
  • Mexico
  • Canada