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News Release

Oct 12 2023

杰出的行业领袖,Hal Kvisle,被任命为新液体管道公司的董事会主席

CALGARY, Alberta, Oct. 12, 2023年(环球新闻专线)——TC能源公司(TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company’s Board of Directors. Today’s announcement follows the July 27, 2023年披露,TC能源计划分拆为两家独立公司, investment-grade, publicly listed companies through the spinoff of its Liquids Pipelines business (the Transaction or the spinoff).

TC Energy’s decision to pursue the spinoff will allow TC Energy and the new Liquids Pipelines Company to maximize asset value by positioning both entities to fully leverage growth opportunities and meet the growing demand for their services. 该交易预计将于2024年下半年在免税基础上完成.

“Hal is an inspiring and seasoned leader with extensive industry experience and intimate knowledge of TC Energy’s highly competitive North American liquids system,” said Siim A. Vanaselja, TC Energy董事会主席. “凭借他的远见卓识和战略眼光, I am confident Hal’s prudent decision-making and counsel will help position the new company for long-term success.”

A Special Committee of TC Energy’s Board of Directors engaged an executive search firm to identify and evaluate highly qualified Board Chair candidates.

“I am honoured to be named as Chair of the Board of Directors and look forward to working closely with the management team to deliver superior and enduring shareholder value,” said Mr. Kvisle. “新公司的前方有大量的机会. This is a critical time to maximize the value of these highly strategic assets that safely transport secure supply to the highest demand markets.”

Mr. Kvisle has immense chair and director experience from his service on the board of directors of companies including Cenovus Energy, ARC Resources Ltd., Finning International Inc., Bank of Montreal and Talisman Energy Inc. From 2001 to 2010, Mr. 他曾担任TransCanada Corporation(现为TC Energy)的总裁兼首席执行官. 在1999年加入公司之前,他是Fletcher Challenge Energy Canada Inc .的总裁. 此前,他在Dome Petroleum Limited担任工程、财务和管理职位. Mr. Kvisle has worked in the oil and gas industry since 1975 and in the utilities and power industries since 1999.

最大化液体管道业务资产的价值
Through the spinoff, TC Energy is strengthening its strategic position and protecting the terminal value of the liquids pipelines assets, 提高长期提供服务和再签约的能力, take-or-pay contracts. 新的液体管道公司将专注于其无与伦比的资产基础的价值. For additional detail on the Transaction, investor presentation materials and more, please visit our website at 9dhkui.hongyangditan.com/liquids-spinoff.

About TC Energy
We’re a team of 7,000+ energy problem solvers working to move, 产生和储存北美所依赖的能源. 今天,我们正在采取行动,使这种能源更可持续、更安全. 我们正在创新和现代化,以减少我们业务的排放. And, we’re delivering new energy solutions – from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too. Along the way, 我们投资社区,与邻居合作, 客户和政府共同构建未来的能源体系.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

FORWARD-LOOKING INFORMATION
This release contains certain information that is forward-looking (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Our forward-looking information is based on certain key assumptions and is subject to risks and uncertainties, including but not limited to the realization of the anticipated benefits of the Transaction; the terms, timing and completion of the Transaction, 包括及时收到所有必要的法庭文件, regulatory, third-party and shareholder approvals; the growth of the North American energy market; the ability of TC Energy and the Liquids Company to successfully implement their respective strategic priorities and whether they will yield the expected benefits; and the ability of TC Energy and the Liquids Company to implement capital allocation strategies aligned with maximizing shareholder value. Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, 包括管理层对TC能源及其子公司未来计划和财务前景的评估. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Forward-looking statements do not guarantee future performance and you should not put undue reliance on forward-looking information. 由于假设的原因,实际事件和结果可能会有很大的不同, risks or uncertainties related to our business, 本发布日期之后发生的交易或事件. 我们不会因新信息或未来事件而更新我们的前瞻性信息, unless we are required to by law. 有关所作假设的更多资料, 以及可能导致实际结果与预期结果不同的风险和不确定性, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.

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Media Inquiries:
Media Relations
media@hongyangditan.com
403-920-7859 or 800-608-7859

Investor & Analyst Inquiries:
Gavin Wylie / Hunter Mau
investor_relations@hongyangditan.com
403-920-7911 or 800-361-6522

PDF available: http://ml.globenewswire.com/Resource/Download/ea1be244-c227-45d3-a3cd-e6c8e50629bc