TransCanada Plans Name Change to TC Energy
09 January 2019 - 11:01PM
News Release – TransCanada Corporation (TSX, NYSE: TRP)
(TransCanada) today announced its intention to change its name to
TC Energy to better reflect the scope of the company’s operations
as a leading North American energy infrastructure company.
TransCanada’s shareholders will be asked to approve a special
resolution to change the name at the company’s next Annual and
Special Meeting of Shareholders.
“TC Energy better reflects the breadth of our
business and acknowledges our proud history of safely and
responsibly delivering the energy that millions of North Americans
rely on every day,” said Russ Girling, TransCanada’s president and
chief executive officer. “We believe the name TC Energy clearly
articulates our complete business – pipelines, power generation and
energy storage operations – and reflects our continued continental
growth into an enterprise with critical assets and employees in
Canada, the United States and Mexico.”
The proposed name change was announced at the
kick-off to the company’s annual Employee Forum series that began
today in Mexico City. The series includes face-to-face events for
employees and contractors in Canada, the United States and
Mexico.
“While our strategy and priorities remain the
same, we believe the new name will help to further unite our
employees and enable us to better connect with our diverse
stakeholders,” Girling said. “Whether they know us as TC Energy in
English, TC Énergie in French, or TC Energía in Spanish, the
communities where we operate can continue to count on us to follow
through on our commitments and live up to our values of safety,
integrity, responsibility and collaboration in everything we
do.”
Subject to shareholder and regulatory approval,
the name change will be effective immediately following the Annual
and Special Meeting of Shareholders in the second quarter of 2019.
TransCanada intends to continue trading under “TRP” on the Toronto
and New York stock exchanges after adopting the new name.
With more than 65 years' experience, TransCanada
is a leader in the responsible development and reliable
operation of North American energy infrastructure including natural
gas and liquids pipelines, power generation and gas storage
facilities. TransCanada operates one of the largest natural gas
transmission networks that extends more than 91,900 kilometres
(57,100 miles), connecting major gas supply basins with markets
across North America. TransCanada is a leading provider of gas
storage and related services with 653 billion cubic feet of storage
capacity. A large independent power producer, TransCanada currently
owns or has interests in more than 6,000 megawatts of power
generation in Canada and the United States. TransCanada is also the
developer and operator of one of North America’s leading liquids
pipeline systems that extends approximately 4,900 kilometres (3,000
miles), connecting growing continental oil supplies to key markets
and refineries. TransCanada’s common shares trade on the Toronto
and New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on
social media.
FORWARD-LOOKING INFORMATION
This publication contains certain information
that is forward-looking and is subject to important risks and
uncertainties (such statements are usually accompanied by words
such as "anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Quarterly Report to
Shareholders dated October 31, 2018 and 2017 Annual Report filed
under TransCanada's profile on SEDAR at www.sedar.com and with the
U.S. Securities and Exchange Commission at www.sec.gov.
Media Enquiries:Grady
Semmens403.920.7859 or 800.608.7859
TransCanada Investor & Analyst
Enquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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