Media Advisory: TC Energy to divest remaining 15 per cent interest in Northern Courier Pipeline
September 16 2021 - 7:00AM
Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy
or the Company) announced today that Astisiy Limited Partnership,
comprised of Suncor and eight Indigenous communities in the
Regional Municipality of Wood Buffalo (RMWB), will acquire TC
Energy’s remaining 15 per cent equity interest in the Northern
Courier Pipeline (NCP).
“We are pleased that Indigenous communities will be provided the
opportunity to participate in and benefit from the ownership of
this asset, through Suncor exercising its previously-acquired right
to purchase our minority interest,” said Bevin Wirzba, TC Energy’s
Executive Vice-President, Strategy and Corporate Development and
President, Liquids Pipelines.
“At TC Energy, we believe Indigenous communities must realize
long-term sustainable benefits from energy projects. Expanding
economic opportunities for Indigenous communities is an important
way to advance reconciliation between Indigenous and non-Indigenous
peoples. We congratulate Suncor and these communities on this new
partnership.”
The transaction is anticipated to close in the fourth quarter of
2021, subject to customary closing conditions and the receipt of
required regulatory approvals.
Safety is a core value at TC Energy. We are committed to
working closely with Suncor Energy Inc., along with the asset’s
majority owner Alberta Investment Management Corporation
(AIMCo), to ensure a safe and smooth transition of
ownership and operations.
About TC EnergyWe are a vital part of everyday
life — delivering the energy millions of people rely on to power
their lives in a sustainable way. Thanks to a safe, reliable
network of natural gas and crude oil pipelines, along with power
generation and storage facilities, wherever life happens — we’re
there. Guided by our core values of safety, responsibility,
collaboration and integrity, our 7,500 people make a positive
difference in the communities where we operate across Canada, the
United States and Mexico.
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.
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Media Inquiries:Jaimie Harding / Suzanne
Wiltonmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:David Moneta /
Hunter Mauinvestor_relations@tcenergy.com403-920-7911 or
800-361-6522
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