TC Energy sells stake in pipeline system to Indigenous-led partnership for C$1bn

TC Energy sells stake in pipeline system to Indigenous-led partnership for C$1bn

TC Energy Corporation (TSX, NYSE: TRP) has announced a transformative sale, divesting a 5.34% equity stake in its NGTL System and Foothills Pipeline assets to an Indigenous-owned investment partnership for a whopping C$1 billion. This landmark deal, supported by the Alberta Indigenous Opportunities Corporation (AIOC), signifies a monumental shift in the involvement of Indigenous Communities […]

TC Energy shareholders approve spinoff of liquids pipelines business into South Bow Corporation

TC Energy shareholders approve spinoff of liquids pipelines business into South Bow Corporation

In a significant move shaping the future of North American energy infrastructure, TC Energy Corporation (TSX, NYSE: TRP) shareholders have overwhelmingly approved the spinoff of the company’s Liquids Pipelines business into a newly formed entity, South Bow Corporation. The approval came during TC Energy’s 2024 annual and special meeting of shareholders, where the company’s Board […]