Description

TC Energy’s $20 Billion Growth Pipeline — Natural Gas Demand Is Powering The Next Expansion Phase!

The latest quarterly update from TC Energy reflects steady operational progress and an expanding project pipeline amid evolving North American natural gas demand dynamics. The company reported a 12% year-over-year increase in comparable EBITDA, supported by solid performance across its natural gas pipeline assets in Canada, the U.S., and Mexico, along with strong contributions from Bruce Power’s power generation business. Notably, Bruce Power returned Unit 3 to service over seven months ahead of schedule and under budget, positively impacting availability and cost efficiency metrics. TC Energy sanctioned approximately $3 billion of growth projects year-to-date, largely on time and within budget, with around $700 million added this quarter, including new natural gas pipeline developments. The backlog pending approval increased to roughly $7 billion, with the broader origination pipeline—projects in earlier development stages—growing by $5 billion to over $20 billion.