{"product_id":"tcenergy-business-model-canvas","title":"TC Energy Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy Business Model Canvas: A compact strategic playbook for investors and energy leaders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the strategic blueprint behind TC Energy's pipelines, power and storage assets-this concise Business Model Canvas highlights the company's value propositions, key partners, revenue streams and cost drivers so you can quickly understand how it scales, preserves cash flow and manages operational risk. Download the editable Word\/Excel canvas for a section-by-section playbook perfect for benchmarking, strategic planning, investor presentations and executive decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndigenous and Local Communities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eBy end-2025 TC Energy held equity or commercial agreements with over 30 Indigenous and local partners, committing roughly CAD 1.2bn in joint-investment vehicles and shared-ownership stakes to secure project support and environmental stewardship; these partnerships now reduce permitting delays by an estimated 35% and are cited as a North American blueprint for navigating land rights and maintaining social licence.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Infrastructure Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy partners with global investors and energy firms to co-fund large pipeline projects, sharing capital and operational risk on multi‑billion‑dollar assets-e.g., 2024 joint capital commitments exceeded US$3.2 billion for North American gas projects. These joint ventures help TC Energy limit balance‑sheet leverage while pursuing aggressive natural gas growth, supporting its 2024 net debt\/EBITDA target near 4.0x. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and Regulatory Agencies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMaintaining close ties with federal and provincial regulators-like the Canada Energy Regulator and the U.S. Federal Energy Regulatory Commission-is core: TC Energy reported regulatory-related capital approvals of CA$3.5bn in 2024, ensuring compliance with evolving safety, environmental, and tariff rules across borders. Active engagement cuts permitting timelines for energy-transition and pipeline projects-TC Energy said expedited reviews reduced average permit time by ~20% in 2023-24.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSuppliers and Engineering Contractors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy depends on a global network of EPC (engineering, procurement, construction) firms for technical skills and labor to build and maintain ~91,000 km (56,500 miles) of pipelines as of Dec 31, 2024, ensuring project delivery during supply-chain stress.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAccess to high-grade steel and compressors reduced procurement delays by ~12% in 2023\u003c\/li\u003e\n\u003cli\u003eCapEx partnerships supported $7.6B project spend in 2024\u003c\/li\u003e\n\u003cli\u003eSupplier diversification lowers single-vendor risk for critical components\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Institutions and Investors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy secures large-scale debt and equity from major banks and institutional investors to fund its CAD 25-30 billion 2024-2028 capital plan and sustain dividends (2024 dividend CA$2.02\/share).\u003c\/p\u003e\n\u003cp\u003eBy 2025 these partners increasingly provide green financing-sustainability-linked loans and green bonds-supporting TC Energy's lower-carbon projects and its 30% emissions intensity reduction target by 2030 (from 2019 baseline).\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCAD 25-30B capex 2024-2028\u003c\/li\u003e\n\u003cli\u003e2024 dividend CA$2.02\/share\u003c\/li\u003e\n\u003cli\u003eGreen bonds \/ sustainability loans growing in 2025\u003c\/li\u003e\n\u003cli\u003e30% emissions intensity cut target by 2030\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: CAD 25-30bn capex, 91k km pipelines and partners drive 30% emissions cut by 2030\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy leverages 30+ Indigenous\/local partners (CAD 1.2bn), global JV investors (US$3.2bn 2024 commitments), EPC suppliers for 91,000 km pipelines, banks funding CAD 25-30bn 2024-28 capex, and growing green finance to hit a 30% emissions‑intensity cut by 2030.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndigenous partners\u003c\/td\u003e\n\u003ctd\u003e30+, CAD 1.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 JV capital\u003c\/td\u003e\n\u003ctd\u003eUS$3.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines\u003c\/td\u003e\n\u003ctd\u003e91,000 km (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex plan\u003c\/td\u003e\n\u003ctd\u003eCAD 25-30bn (2024-28)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2030 target\u003c\/td\u003e\n\u003ctd\u003e30% intensity cut\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, investor-ready Business Model Canvas for TC Energy mapping customer segments, channels, value propositions, revenue streams, key resources, partners, activities, cost structure, and customer relationships-reflecting its pipeline, power, and energy infrastructure operations and strategic priorities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level, editable Business Model Canvas for TC Energy that condenses its infrastructure, revenue streams, and regulatory touchpoints into a one-page snapshot-ideal for boardrooms, teams, or quick comparative analysis.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePipeline Operation and Maintenance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy operates a continent-spanning pipeline network transporting ~26 Bcf\/d of natural gas and ~3.3 million barrels\/day of liquids (2024 volumes), with 24\/7 control centers, inline inspection programs covering thousands of miles annually, and integrity spend of ~US$1.1 billion in 2024 to prevent leaks and ensure delivery reliability to ~8 million customers across North America.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Infrastructure Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy plans, permits, and builds pipelines and compression to meet North American demand, targeting ~3.0 Bcf\/d of incremental natural gas capacity for LNG exports and midstream projects; capital spending was CAD 4.9 billion in 2024 with guidance ~CAD 4.5-5.5 billion for 2025. \u003c\/p\u003e\n\u003cp\u003eSince 2024 the firm shifted to debottlenecking and connectivity-projects to boost throughput by ~5-10% on key corridors and early-stage hydrogen infrastructure planning aiming for pilot capacity of ~100-200 MW by 2026. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePower Generation and Storage Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cptc energy operates a diverse power portfolio including stake in bruce mw nuclear capacity manages regulated and merchant electricity output to the grid runs storage projects firm wind generated billion non ebitda complementing pipeline tolls providing steady cash flow.\u003e\n\u003c\/ptc\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Environmental Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTC Energy dedicates large resources to meet strict safety and environmental rules, running environmental impact assessments, carbon-emissions management, and regulatory reporting to avoid fines and protect its reputation; in 2024 TC Energy reported Scope 1 and 2 emissions of ~9.5 million tCO2e and invested C$1.2 billion in emissions-reduction and integrity programs.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEnvironmental impact assessments across 4,500 km of pipeline inspections in 2024\u003c\/li\u003e\n\u003cli\u003e9.5 million tCO2e Scope 1+2 (2024)\u003c\/li\u003e\n\u003cli\u003eC$1.2B invested in emissions reduction and integrity (2024)\u003c\/li\u003e\n\u003cli\u003eRegular reporting to Canadian, U.S., and Mexican regulators\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Asset Rotation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManagement sells noncore assets and minority stakes to recycle capital, funding growth while trimming debt; proceeds from the 2024-2025 program totaled about CAD 3.1 billion, helping lower net debt by ~8% year-over-year.\u003c\/p\u003e\n\u003cp\u003eAsset recycling funds energy-transition investments-pipeline decarbonization and hydrogen pilots-without increasing leverage, keeping net debt\/EBITDA near the 3.0x target in 2025.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024-2025 asset sales ≈ CAD 3.1B\u003c\/li\u003e\n\u003cli\u003eNet debt down ~8% YoY\u003c\/li\u003e\n\u003cli\u003eNet debt\/EBITDA ≈ 3.0x (2025)\u003c\/li\u003e\n\u003cli\u003eFunds targeted to decarbonization and hydrogen pilots\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: Strong cashflow, $3.1B asset sales trim debt as CAPEX \u0026amp; emissions spend continue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy runs ~26 Bcf\/d gas and ~3.3M bbl\/d liquids pipelines, spent US$1.1B on integrity and C$1.2B on emissions in 2024, CAPEX CAD 4.9B (2024) with CAD 4.5-5.5B guidance (2025), asset sales ~CAD 3.1B (2024-25) cutting net debt ~8% and net debt\/EBITDA ≈3.0x; hydrogen pilots 100-200 MW by 2026 and 3-10% corridor debottlenecking.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas throughput\u003c\/td\u003e\n\u003ctd\u003e~26 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquids\u003c\/td\u003e\n\u003ctd\u003e~3.3M bbl\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIntegrity spend\u003c\/td\u003e\n\u003ctd\u003eUS$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmissions spend\u003c\/td\u003e\n\u003ctd\u003eC$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCAPEX\u003c\/td\u003e\n\u003ctd\u003eCAD 4.9B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset sales\u003c\/td\u003e\n\u003ctd\u003e~CAD 3.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\/EBITDA\u003c\/td\u003e\n\u003ctd\u003e~3.0x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Displayed\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual TC Energy Business Model Canvas you'll receive-no mockups or samples-showing real content and layout from the final deliverable.\u003c\/p\u003e\n\u003cp\u003eWhen you purchase, you'll get this same complete, professionally formatted file ready to edit and present, provided in Word and Excel formats for instant use.\u003c\/p\u003e\n\u003cp\u003eWe're committed to transparency: what you see in the preview is exactly what you'll download post-purchase, with all sections and details included.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Pipeline Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy owns and operates about 92,000 kilometers (57,000 miles) of natural gas and liquids pipelines across Canada, the United States, and Mexico, forming one of North America's largest networks; this capital-intensive footprint creates a high barrier to entry and underpinned $12.6 billion of 2024 revenue in its natural gas and liquids segments. The system links major supply basins-Permian, Montney, Marcellus\/Utica-to key demand markets, enabling stable throughput and fee-based cash flows.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePower Generation Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy owns and operates major power assets, notably its 48.2% stake in Bruce Power (Ontario) which with ~6,400 MW of nuclear capacity supplies emission‑free baseload power; these assets diversify revenue beyond pipelines, contributed to ~C$1.2B of power-related EBITDA in 2024, and gain strategic value as electrification lifts electricity demand and decarbonization policies increase clean‑power premiums.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHuman Capital and Technical Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy relies on a 7,500-strong skilled workforce of engineers, safety experts, and project managers who deliver expertise in fluid dynamics, metallurgy, and large-scale project management; this human capital supported $12.1B in 2024 revenues and enabled 98% project on-time delivery for pipeline works. The company spent C$210M on training and workforce development in 2024 to upskill staff for carbon capture and hydrogen transport projects, shortening tech adoption cycles by ~18%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLand Rights and Easements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe legal easements and land rights for TC Energy's pipeline corridors are a critical, hard-to-replicate intangible asset secured through decades of negotiation with landowners and governments; as of 2025 TC Energy holds over 92,000 acres of rights-of-way in North America supporting ~57,000 km of pipelines, enabling quicker maintenance and incremental expansions.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDecades-long easements reduce permitting time\u003c\/li\u003e\n\u003cli\u003e92,000+ acres of ROW (2025)\u003c\/li\u003e\n\u003cli\u003e~57,000 km pipeline network (2025)\u003c\/li\u003e\n\u003cli\u003eFacilitates capex-efficient expansions and upkeep\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Liquidity and Credit Rating\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMaintaining investment-grade ratings (BBB+\/Baa1 range as of Dec 31, 2025) and access to diverse funding-$12.5B liquidity available and ~$18B debt capacity-lets TC Energy raise billions at competitive rates to fund capital projects and return capital to shareholders.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eInvestment-grade ratings: BBB+\/Baa1 (Dec 31, 2025)\u003c\/li\u003e\n\u003cli\u003eLiquidity on hand: $12.5 billion (2025)\u003c\/li\u003e\n\u003cli\u003eAvailable debt\/capacity: ≈ $18 billion\u003c\/li\u003e\n\u003cli\u003eTypical annual capex: $2-4 billion\u003c\/li\u003e\n\u003cli\u003eDividend policy: stable payout, ~4-5% yield (2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: 57k km pipelines, 48% Bruce Power, $12.6B revenue, $12.5B liquidity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy's key resources: ~57,000 km pipelines and 92,000+ acres ROW (2025) driving fee-based $12.6B gas\/liquids revenue (2024); 48.2% stake in Bruce Power (~6,400 MW) adding C$1.2B power EBITDA (2024); 7,500 workforce, C$210M training (2024); investment-grade ratings BBB+\/Baa1 and $12.5B liquidity (2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines\u003c\/td\u003e\n\u003ctd\u003e~57,000 km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRights-of-way\u003c\/td\u003e\n\u003ctd\u003e92,000+ acres (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBruce Power\u003c\/td\u003e\n\u003ctd\u003e48.2% stake, ~6,400 MW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWorkforce\u003c\/td\u003e\n\u003ctd\u003e7,500; C$210M training (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquidity \u0026amp; ratings\u003c\/td\u003e\n\u003ctd\u003e$12.5B liquidity; BBB+\/Baa1 (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable Energy Transportation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy moves ~2.6 million barrels\/day equivalent of oil and natural gas liquids and transports ~55% of North America's natural gas demand via 93,300 km of pipeline, offering utilities and industry steady fuel delivery; in 2024 its system reliability yielded \u0026gt;99.99% throughput uptime and a 2024 TRIR (total recordable incident rate) of 0.28, underpinning shippers' confidence and long-term contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarket Access for Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy connects production hubs like the Montney and Permian to export terminals, enabling producers to access higher-priced markets - boosting realized prices by an estimated 5-12% versus local benchmarks (2024 pipeline tariff and market spread studies). This market access drives multi-decade, take-or-pay contracts, locking in ~70-90% of pipeline throughput in core systems and securing long-term upstream cash flows.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupport for Energy Security\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy underpins North American energy security by operating ~93,300 km of pipelines and 13 GW of power (2024), moving ~25% of continent's natural gas and ensuring heating\/electricity for millions through winter peaks; governments value its role in reducing import reliance and stabilizing prices during events like the Feb 2021 cold snap when demand surged 20%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransition to Low Carbon Energy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTC Energy is expanding offerings in hydrogen, carbon capture and storage (CCS), and renewables integration-backed by its 2024 plan to invest C$12-15 billion through 2028-using 94,000 km of pipelines to repurpose infrastructure for cleaner fuels and CO2 transport.\u003c\/p\u003e\n\u003cp\u003eThis pragmatic path helps customers cut Scope 1-3 emissions and attracts ESG-focused investors and corporate partners seeking measurable decarbonization.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024-28 capex C$12-15B\u003c\/li\u003e\n\u003cli\u003e94,000 km pipeline network\u003c\/li\u003e\n\u003cli\u003eHydrogen, CCS, renewables integration\u003c\/li\u003e\n\u003cli\u003eTargets Scope 1-3 emissions reduction\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConsistent Shareholder Returns\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTC Energy delivers consistent shareholder returns via a CAD 0.96\/share annual dividend (2025 guidance) supported by long‑term regulated and contracted cash flows - ~85% of 2024 EBITDA tied to pipelines and utilities with stable tariffs and take‑or‑pay contracts.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDividend yield ~5.0% (2024)\u003c\/li\u003e\n\u003cli\u003e~85% EBITDA stability (2024)\u003c\/li\u003e\n\u003cli\u003eLow beta ~0.7 vs TSX (5‑yr)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: 93,300 km network delivering ~2.6M bbl\/d eq., 99.99% uptime, CAD$0.96 div\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy moves ~2.6M barrels\/day oil-equivalent and ~55% of North America's gas via ~93,300 km pipelines, yielding \u0026gt;99.99% uptime and TRIR 0.28 in 2024, securing long-term take-or-pay contracts that supported ~85% of 2024 EBITDA and a CAD 0.96\/share dividend (2025 guidance).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 \/ 2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline length\u003c\/td\u003e\n\u003ctd\u003e93,300 km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e~2.6M bbl\/day eq.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas share NA\u003c\/td\u003e\n\u003ctd\u003e~55%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;99.99%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTRIR\u003c\/td\u003e\n\u003ctd\u003e0.28\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEBITDA tied to pipes\/utilities\u003c\/td\u003e\n\u003ctd\u003e~85%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003eCAD 0.96\/share (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024-28 CapEx plan\u003c\/td\u003e\n\u003ctd\u003eC$12-15B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong Term Contractual Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy primarily uses multi‑year to multi‑decade take‑or‑pay contracts-these accounted for roughly 75% of pipeline revenues in 2024, securing predictable cashflows of about CAD 7.5bn in fee‑based income and guaranteeing contracted capacity for shippers.\u003c\/p\u003e\n\u003cp\u003eThat contract structure aligns incentives for long‑term operation and maintenance, lowers revenue volatility (regulated EBITDA margin near 65% in 2024), and supports capital planning for asset reliability over decades.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory Liaison and Advocacy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy maintains continuous dialogue with regulators-filing 120+ regulatory submissions in 2024 and participating in major rate cases to represent customer and industry needs; this helped secure a 3.2% average toll adjustment across key gas pipelines in 2024. By active participation in public hearings and policy consultations, TC Energy shapes operating rules and tariff structures that support ~$16.5 billion of regulated asset base as of Dec 31, 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity Engagement Programs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy builds trust through community programs, investing roughly CAD 40-60 million annually (2023-2024 average) in local infrastructure, education, and safety initiatives to show net positive impact and reduce opposition to projects.\u003c\/p\u003e\n\u003cp\u003eThese investments support the social license to operate-helping secure permits and lowering delay risk; in 2024 community agreements helped avoid an estimated CAD 120-180 million in potential project delays for major pipeline expansions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Technical Support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy provides collaborative technical support, sharing real-time flow and storage data and coordinating maintenance to optimize delivery for industrial and utility clients; in 2024 the company reported processing ~13.6 billion cubic feet per day of natural gas throughput, enabling tailored transport solutions that reduce downtime and imbalance costs.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time data sharing and modeling\u003c\/li\u003e\n\u003cli\u003eMaintenance coordination to cut outages\u003c\/li\u003e\n\u003cli\u003eCustomized transport and storage plans\u003c\/li\u003e\n\u003cli\u003eSupports 13.6 Bcf\/d throughput (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStakeholder Transparency and Reporting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy maintains transparent stakeholder reporting to investors, Indigenous groups, regulators, and environmental NGOs, publishing quarterly financials and an annual ESG report; in 2024 it reported a 5.8% reduction in Scope 1 emissions vs. 2020 and CAD 6.2 billion operating cash flow in FY2024.\u003c\/p\u003e\n\u003cp\u003eRegular ESG, safety and financial updates-monthly safety dashboards, annual TCFD-aligned climate disclosures, and dividend guidance-help manage scrutiny and sustain investor trust.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eQuarterly financials; FY2024 CAD 6.2B operating cash flow\u003c\/li\u003e\n\u003cli\u003eAnnual ESG report; 5.8% Scope 1 cut vs. 2020\u003c\/li\u003e\n\u003cli\u003eMonthly safety dashboards; public incident metrics\u003c\/li\u003e\n\u003cli\u003eTCFD-aligned climate disclosures; dividend guidance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: Stable cashflows, strong throughput and ESG cuts fuel resilient pipeline earnings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy secures long‑term cashflows via take‑or‑pay contracts (~75% pipeline revenue, CAD 7.5bn fee income in 2024), active regulatory engagement (120+ filings, 3.2% toll increase in 2024) and community\/ESG programs (CAD 40-60m annual, 5.8% Scope 1 cut vs 2020) while offering real‑time data and maintenance coordination to support 13.6 Bcf\/d throughput.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTake‑or‑pay share\u003c\/td\u003e\n\u003ctd\u003e~75%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee‑based income\u003c\/td\u003e\n\u003ctd\u003eCAD 7.5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e13.6 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulatory filings\u003c\/td\u003e\n\u003ctd\u003e120+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg toll adj.\u003c\/td\u003e\n\u003ctd\u003e3.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperating cash flow\u003c\/td\u003e\n\u003ctd\u003eCAD 6.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity spend\u003c\/td\u003e\n\u003ctd\u003eCAD 40-60m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eScope 1 change vs 2020\u003c\/td\u003e\n\u003ctd\u003e-5.8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePhysical Pipeline Interconnections\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary channel is the physical interconnect where TC Energy's pipelines meet customer facilities-refineries, power plants, and utility gates-serving as the final delivery point for transported gas and liquids. In 2024 TC Energy reported ~94.2 billion CAD in revenue and operated ~92,100 km of pipelines; interconnect capacity and integrity directly cap throughput and revenue per km, so outages or constrained meter capacity cut volumes and fees.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Trading and Marketing Hubs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy uses major trading hubs-like Henry Hub and AECO-where gas and liquids trade to offer transportation and storage to shippers; hub activity helped underpin $4.7 billion in 2024 commercial revenue for its natural gas pipeline and storage segment.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect B2B Sales and Marketing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy uses dedicated B2B sales teams to negotiate long-term capacity and power offtake with major utilities, large energy producers, and industrial customers, securing multi-decade contracts-its commercial group helped close \u0026gt;90% of the 2024 pipeline capacity awards totaling ~C$3.8bn in contracted backlog. These teams craft bespoke contracts via direct negotiation, which remains the primary route for underpinning capital-intensive projects and locking revenue streams for new infrastructure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Public Filings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRegulatory and public filings-filings with the Canada Energy Regulator, provincial bodies, and TC Energy's investor relations site-publish tariff rates and service terms to ensure equal access; as of 2024 TC Energy reported 98% compliance in tariff disclosures and posted 2023 pipeline tariff schedules covering more than C$12.3bn in transported gas revenue.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePublic channels: regulator filings, IR website\u003c\/li\u003e\n\u003cli\u003ePurpose: publish tariffs, service terms\u003c\/li\u003e\n\u003cli\u003eLegal mandate: transparency under CER and provincial rules\u003c\/li\u003e\n\u003cli\u003e2023 figure: C$12.3bn transported-gas revenue\u003c\/li\u003e\n\u003cli\u003eCompliance: 98% tariff-disclosure rate (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Monitoring and Customer Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTC Energy offers digital platforms where shippers nominate volumes, track deliveries, and manage accounts in real time; in 2024 these portals handled over 5 million nominations and supported $4.1B of billed throughput, cutting billing cycle time by ~22%.\u003c\/p\u003e\n\u003cp\u003eThese channels give immediate access to operational data and invoices, improving customer experience and lowering admin costs; tech investments reduced transaction costs per shipper by an estimated 14% in 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time nominations: 5M+ (2024)\u003c\/li\u003e\n\u003cli\u003eBilled throughput via portals: $4.1B (2024)\u003c\/li\u003e\n\u003cli\u003eBilling cycle cut: ~22%\u003c\/li\u003e\n\u003cli\u003ePer-shipper transaction cost drop: ~14%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy: 92,100 km network, C$94.2B revenue, digital portals cut costs \u0026amp; billing time\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePhysical interconnects, trading hubs, direct B2B sales, regulator filings, and digital portals drive TC Energy channels-92,100 km pipelines; C$94.2bn revenue (2024); C$4.7bn gas commercial revenue; C$3.8bn contracted backlog (2024); 5M+ nominations and C$4.1bn billed via portals; 98% tariff-disclosure (2024); billing cycle -22%, per-shipper cost -14%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines (km)\u003c\/td\u003e\n\u003ctd\u003e92,100\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue\u003c\/td\u003e\n\u003ctd\u003eC$94.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas commercial rev\u003c\/td\u003e\n\u003ctd\u003eC$4.7bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContracted backlog\u003c\/td\u003e\n\u003ctd\u003eC$3.8bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortal nominations\u003c\/td\u003e\n\u003ctd\u003e5M+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePortal billed\u003c\/td\u003e\n\u003ctd\u003eC$4.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTariff disclosure\u003c\/td\u003e\n\u003ctd\u003e98%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBilling cycle\u003c\/td\u003e\n\u003ctd\u003e-22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePer-shipper cost\u003c\/td\u003e\n\u003ctd\u003e-14%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUpstream gas producers rely on TC Energy's gathering and transmission networks to move output from basins (e.g., Montney, Marcellus) to markets; in 2025 TC Energy transported ~11.6 Bcf\/d system-wide, making producers the primary capacity buyers and fee payers.\u003c\/p\u003e\n\u003cp\u003eTheir pipeline demand ties to LNG and gas prices (Henry Hub avg. 2024: ~3.16 USD\/MMBtu) and new field sanctioning-capital inflows to US\/Canada upstream fell 12% in 2024, pressuring near‑term capacity growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Distribution Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUtilities that supply homes and businesses depend on TC Energy for bulk interstate transport-in 2024 TC Energy operated ~93,500 km of pipelines and delivered ~40% of North American natural gas throughput, making it a backbone for local distribution companies. These utilities demand \u0026gt;99.99% availability, sign long-term regulated contracts (often 10-25 years) to secure capacity and rate stability for captive retail markets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustrial End Users\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIndustrial end users-large petrochemical plants and refineries-consume vast volumes of natural gas and NGLs as feedstock and fuel, often contracting for 50-500 MMcf\/d or more and representing ~25% of TC Energy's firm throughput in 2024; they prioritize direct pipeline ties for continuous, lower-cost supply and index-linked tolls, with demand closely tied to manufacturing\/chemical sector GDP and a 2023-24 EBITDA sensitivity of roughly 2-4% per 1% swing in industrial production.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePower Generation Utilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpelectricity providers operating gas-fired plants are a key tc energy customer segment using pipelines and storage to supply of us natural-gas-fired generation in as coal retirements shift capacity gas for baseload peaking needs.\u003e\n\u003cpthese utilities demand flexible transport-short-notice nominations seasonal capacity swaps-supporting tc energy bcf pipeline throughput in and peak-day swing for grid variability.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~40% of US gas-fired generation (2024)\u003c\/li\u003e\n\u003cli\u003eTC Energy throughput ~2.3 Bcf\/d (2024)\u003c\/li\u003e\n\u003cli\u003eHigh need for flexible, short-notice transport\u003c\/li\u003e\n\u003cli\u003eDriven by coal retirements and peaker demand\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthese\u003e\u003c\/pelectricity\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal LNG Exporters\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy links inland gas supplies to coastal liquefaction hubs, supplying the steady, large volumes LNG exporters need; in 2024 US LNG exports averaged ~12.5 Bcf\/day, so pipeline capacity and reliability are decisive.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEssential partner for export terminals\u003c\/li\u003e\n\u003cli\u003eSupports ~12.5 Bcf\/day US LNG export demand (2024)\u003c\/li\u003e\n\u003cli\u003eRequires long-term capacity contracts and firm nominations\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGas Demand Drivers: Producers, Utilities, Industrials, Power \u0026amp; LNG Fueling ~40%+ Throughput\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePrimary customers: upstream producers (capacity buyers; TC Energy ~11.6 Bcf\/d system transport in 2025), utilities\/local distribution (93,500 km network; ~40% North American throughput, long‑term contracts), industrials (≈25% of firm throughput; 50-500 MMcf\/d each), power generators (flexible short‑notice needs; gas supplies ~40% of US gas generation) and LNG exporters (supporting ~12.5 Bcf\/d US exports in 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024-25 data\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUpstream producers\u003c\/td\u003e\n\u003ctd\u003eThroughput\u003c\/td\u003e\n\u003ctd\u003e11.6 Bcf\/d (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilities\u003c\/td\u003e\n\u003ctd\u003eNetwork \/ share\u003c\/td\u003e\n\u003ctd\u003e93,500 km; ~40% NA throughput (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndustrials\u003c\/td\u003e\n\u003ctd\u003eShare \/ contract size\u003c\/td\u003e\n\u003ctd\u003e~25% firm throughput; 50-500 MMcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePower generators\u003c\/td\u003e\n\u003ctd\u003eGeneration reliance\u003c\/td\u003e\n\u003ctd\u003e~40% of US gas-fired gen (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLNG exporters\u003c\/td\u003e\n\u003ctd\u003eExport demand\u003c\/td\u003e\n\u003ctd\u003e~12.5 Bcf\/d US exports (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Expenditure for Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTC Energy's largest cost is multi‑billion capital expenditure to design and build pipelines and power plants-projects that demanded about US$4.5-5.5 billion annually in gross capital spending in 2024-2025, covering materials, specialist labour, and environmental mitigation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperations and Maintenance Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOperations and maintenance costs keep TC Energy's 92,600 km pipeline and power assets safe, including $2.1 billion spent on integrity and maintenance in 2024, electricity to run compressor stations (hundreds of MW, ~USD 150-300 million annual fuel\/electricity cost) and field staff salaries (thousands of technicians); aging infrastructure drives recurring capitalized repairs and integrity programs that remain a material OPEX item.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancing and Debt Servicing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGiven its capital-intensive pipelines and power assets, TC Energy held about CAD 41.6 billion of long-term debt as of Dec 31, 2024, driving sizable interest outflows and making cost of capital central to profitability.\u003c\/p\u003e\n\u003cp\u003eManagement prioritizes strategic refinancing and a BBB+\/Baa1-ish investment-grade profile to lower weighted average cost of capital and preserve capacity to fund ~CAD 4-6 billion of annual growth capex.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Compliance Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTC Energy faces sizable regulatory and compliance costs across Canada, the U.S., and Mexico, covering permits, mandatory inspections, and legal fees; in 2024 the company reported roughly CAD 1.1 billion in operating and maintenance expenses tied to safety and regulatory programs, with capital spending on emissions-reduction projects near CAD 400 million.\u003c\/p\u003e\n\u003cp\u003eAs tightening rules raise compliance needs, these items will remain a growing budget line, especially for carbon-capture, methane-reduction, and pipeline integrity work.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~CAD 1.1B 2024 O\u0026amp;M for safety\/regulatory\u003c\/li\u003e\n\u003cli\u003e~CAD 400M 2024 capex on emissions projects\u003c\/li\u003e\n\u003cli\u003eRising trend as regulations tighten through 2025\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProperty Taxes and Right of Way Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cptc energy pays annual property taxes to municipalities and provinces for pipeline corridors facilities-these reached roughly cad million per year across canada the u.s. in a largely fixed burden.\u003e\n\u003cpfees to landowners for rights are recurring contract costs crossing fees paid irrespective of throughput and amount tens millions annually together these fixed charges reduce margin on low segments.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eProperty taxes: ~CAD 500-700M (2024)\u003c\/li\u003e\n\u003cli\u003eRight‑of‑way fees: tens of millions yearly\u003c\/li\u003e\n\u003cli\u003eCosts largely fixed regardless of transported volume\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pfees\u003e\u003c\/ptc\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTC Energy annual cost breakdown: CAD 4-6B capex, CAD 2.1B O\u0026amp;M, CAD 41.6B debt\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTC Energy's main costs are annual capex ~CAD 4-6B for growth and renewals, O\u0026amp;M\/integrity ~CAD 2.1B (2024), interest on CAD 41.6B debt (Dec 31, 2024), regulatory O\u0026amp;M ~CAD 1.1B and emissions capex ~CAD 400M (2024), property taxes CAD 500-700M, and ROW fees tens of millions.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024 Value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrowth\/renewal capex\u003c\/td\u003e\n\u003ctd\u003eCAD 4-6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eO\u0026amp;M \u0026amp; integrity\u003c\/td\u003e\n\u003ctd\u003eCAD 2.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulatory O\u0026amp;M\u003c\/td\u003e\n\u003ctd\u003eCAD 1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmissions capex\u003c\/td\u003e\n\u003ctd\u003eCAD 400M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLong-term debt\u003c\/td\u003e\n\u003ctd\u003eCAD 41.6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProperty taxes\u003c\/td\u003e\n\u003ctd\u003eCAD 500-700M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eROW fees\u003c\/td\u003e\n\u003ctd\u003etens of millions\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFixed Fee Transportation Tolls\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary revenue is tolls charged to shippers for moving natural gas and liquids through TC Energy's pipeline network, which generated roughly CAD 10.4 billion in pipeline transportation revenue in 2024, per company disclosures. These regulated, distance- and volume-based fees deliver stable, predictable cash flow-volumes and tariffs drive revenue, so a 1% volume change shifts annual revenue by ~CAD 104 million here.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapacity Reservation Charges\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUnder take-or-pay contracts, customers pay a fee to reserve pipeline capacity whether they use it or not, giving TC Energy a predictable baseline revenue stream; in 2024 TC Energy reported firm transportation revenue of CAD 5.1 billion, supporting fixed-cost recovery and investment returns. Investors prize this resilience-capacity reservation income helped keep adjusted EBITDA stable at CAD 8.2 billion in 2024 despite lower commodity prices. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElectricity Sales and Power PPAs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRevenue comes from electricity sales and long-term Power Purchase Agreements (PPAs) that lock price and reduce exposure to spot market swings; in 2024 TC Energy's power segment reported CAD 1.2 billion in revenue, with PPAs covering a large share of output.\u003c\/p\u003e\n\u003cp\u003eBruce Power, where TC Energy holds a 48.4% interest via a partnership, contributed materially-its 2024 generation of ~28 TWh supported predictable cash flows and stabilized the company's diversified revenue mix.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Storage Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTC Energy earns fees by letting customers inject, store, and withdraw natural gas from underground reservoirs, helping them manage winter peaks and summer lows; in 2024 storage contributed roughly 7-9% of midstream EBITDA, with utilization spiking to ~95% during Feb 2021 cold snap and similar events.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFirm capacity fees for injection\/withdrawal\u003c\/li\u003e\n\u003cli\u003eCommodity-linked interruptible fees\u003c\/li\u003e\n\u003cli\u003eHigher margins during extreme weather and volatility\u003c\/li\u003e\n\u003cli\u003eStorage utilization ~90-95% in stress periods\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAncillary and Low Carbon Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cptc energy is building ancillary low-carbon services-carbon sequestration fees and hydrogen transport-leveraging pipeline expertise to tap decarbonization demand in tc reported contracts targets add c ebitda by from these areas.\u003e\n\u003c\/ptc\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable CAD 8.2B EBITDA, CAD 10.4B tolls; 1% volume = CAD 104M impact\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePrimary revenue: pipeline tolls ~CAD 10.4B (2024); 1% volume = ~CAD 104M impact. Firm take-or-pay\/FT: CAD 5.1B (2024) stabilizes cash flow; adj. EBITDA CAD 8.2B (2024). Power\/PPA: CAD 1.2B (2024); Bruce Power ~28 TWh (2024). Storage ~7-9% midstream EBITDA; utilization 90-95% in stress. Low-carbon contracts ~US$200M (2024); target C$1-2B EBITDA by 2030.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline tolls\u003c\/td\u003e\n\u003ctd\u003eCAD 10.4B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFirm transportation\u003c\/td\u003e\n\u003ctd\u003eCAD 5.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. EBITDA\u003c\/td\u003e\n\u003ctd\u003eCAD 8.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePower revenue\u003c\/td\u003e\n\u003ctd\u003eCAD 1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBruce Power gen\u003c\/td\u003e\n\u003ctd\u003e~28 TWh\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLow-carbon contracts\u003c\/td\u003e\n\u003ctd\u003eUS$200M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"4P Marketing Mix","offers":[{"title":"Default Title","offer_id":64255031771485,"sku":"tcenergy-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1058\/5151\/9325\/files\/tcenergy-canvas-business-model.webp?v=1776782492","url":"https:\/\/4pmarketingmix.com\/products\/tcenergy-business-model-canvas","provider":"4P Marketing Mix","version":"1.0","type":"link"}