Mr. Russ Girling reports

TC ENERGY ANNOUNCES US$0.4 BILLION ELWOOD POWER/ANR HORSEPOWER REPLACEMENT PROJECT

TC Energy Corp. will proceed with the Elwood power/ANR horsepower replacement project, which will replace, upgrade and modernize certain facilities along a highly utilized section of its ANR Pipeline Company natural gas transmission system. Under a long-term agreement, ANR will provide up to 125,000 dekatherms per day of firm transportation service to an existing power plant.

"The facilities are designed to enhance the safety and reliability of our ANR pipeline system, while reducing emissions," said Russ Girling, TC Energy's president and chief executive officer. "This investment will serve to reinforce a key portion of our ANR pipeline network in the Midwest, allowing us to maximize its capacity to support increased power generation, and highlights the opportunities for organic growth along our existing right of way."

The facilities work includes compression and ancillary upgrades, as well as other modifications along ANR's existing infrastructure. The project is targeted to be brought into service in the second half of 2022, with an estimated cost of $400-million (U.S.).

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