TC Energy Corp. to spinoff North American pipeline business
Transactions - JUNE 7, 2024

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TC Energy Corp. to spinoff North American pipeline business

by Released

TC Energy Corp. shareholders have voted to approve the spinoff of the company’s Liquids Pipelines business and elected TC Energy’s board of directors at its 2024 annual and special meeting of shareholders.

“Today, our shareholders have affirmed their support of our Board and management team’s vision for the futures of TC Energy and South Bow,” said François Poirier, president and CEO of TC Energy. “This is an important milestone as we continue to move forward with our plan to separate into two highly focused, premier energy infrastructure companies. Through this separation, both companies will continue to deliver shareholder value in the form of compelling dividends, while focusing on meeting the growing demand for all forms of secure, affordable and sustainable energy in North America and around the globe.”

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