TC Energy Corp, formerly known as TransCanada Corporation, is a multinational energy corporation based in Calgary, Alberta, Canada. TRP is the company's ticker symbol on the Toronto Stock Exchange and the New York Stock Exchange. The company engages in the operation of natural gas and crude oil pipelines, along with power generation projects across North America.
TC Energy Corp is known mostly for its gas transmission and power services, which comprises the business's most significant segments. The company has an extensive network of pipeline that extends to over 57,500 miles, tapping into virtually all major gas supply basins on the region. This includes three of the major pipelines - Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, and Mexico Natural Services. The natural gas pipeline system transports over 25% of North America's natural gas used daily.
Moreover, TC Energy operates the longest crude oil and liquids pipeline system in Canada through the Keystone Pipeline System. Particularly notable in this area is the controversial Keystone XL pipeline – a 1,179-mile (1,897 km) pipeline proposed to carry crude oil from Alberta to refineries in America. However, it faced stiff opposition due to environmental concerns and was officially halted in 2021 by President Joe Biden's administration.
TC Energy has also become recognised for its trustworthy energy sources from nuclear, coal and natural gas-fired power plants to wind farms. The company states it aims to make energy resources more sustainable, safer and economically viable.
Despite its impressive scope of operations, TC Energy has faced various challenges including regulatory hurdles, environmental concerns and fluctuating commodity prices. Still, the company has shown a strong commitment to improving its operations in a sustainable manner, and plays a vital role in meeting North America's energy needs.
As of 2021, TC Energy remains one of the largest companies in the energy sector of North America, reporting a market capitalisation of nearly $60 billion. Over the years, the company has consistently provided reliable energy infrastructure solutions, maintaining a focus on safety, integrity, collaboration, and responsibility. Its primary goal is to deliver the energy people need every day, connecting customers to supplies, markets and services in a safe and sustainable manner.