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Investors - MAY 22, 2020

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TC Energy invests in hydro project developer

by Released

TC Energy Corp. has closed an equity investment in Turning Point Generation (TPG), a subsidiary of WindRiver Power Corp. TPG is the developer and 100 percent owner of the Canyon Creek Project, a planned pumped hydro energy storage facility to be located near Hinton, Alberta.

The Canyon Creek Project will have an initial generating capacity of 75 megawatts, which is expandable through future development to 400 megawatts, and uses existing site infrastructure from a decommissioned open pit coal mine. The 75-megawatt facility will provide up to 37 hours of on-demand, flexible, clean energy and ancillary services to the Alberta electricity grid.

The Canyon Creek Project has received the approval of the Alberta Utilities Commission and the required approval of the Alberta Government for hydro projects under the Canyon Creek Hydro Development Act.

“We are looking forward to working with TPG and adding the Canyon Creek Project to our growing portfolio of energy stora

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