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.

SDS for Natural Gas

Pre-tax cash equity proceeds of approximately $750 million (US$545 million) net to TC Energy Buyers assume approximately $345 (US$250) million of outstanding Senior Notes Advances toward $3 billion asset divestiture target in 2024 CALGARY, Alberta, Aug. 15, 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), today announced the successful completion...

Natural gas is one of the world’s cleanest and safest energy sources used to cook food and heat homes, hospitals, businesses and industry.

TC Energy invested $29.3 million investment in a renewable natural gas (RNG) production facility , owned by Lynchburg Renewable Fuels LLC, near the Jack Daniel Distillery in Lynchburg, Tenn. The project is being developed by 3 Rivers Energy Partners, LLC, also an owner in Lynchburg Renewable Fuels.

Renewable natural gas (RNG) is a clean and reliable fuel that is often made from…drumroll, please…animal waste! As that waste breaks down, it produces methane, a naturally occurring greenhouse gas. The methane is captured, eliminating it from the atmosphere, and then processed to use as an energy source. This helps to meet a growing energy demand, while transitioning to cleaner sources of energy.