{"id":538989,"date":"2021-09-16T07:03:21","date_gmt":"2021-09-16T11:03:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/media-advisory-tc-energy-to-divest-remaining-15-per-cent-interest-in-northern-courier-pipeline\/"},"modified":"2021-09-16T07:03:21","modified_gmt":"2021-09-16T11:03:21","slug":"media-advisory-tc-energy-to-divest-remaining-15-per-cent-interest-in-northern-courier-pipeline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/media-advisory-tc-energy-to-divest-remaining-15-per-cent-interest-in-northern-courier-pipeline\/","title":{"rendered":"Media Advisory: TC Energy to divest remaining 15 per cent interest in Northern Courier Pipeline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR\u00a0DISSEMINATION IN THE UNITED STATES<\/p>\n<p>CALGARY, Alberta, Sept.  16, 2021  (GLOBE NEWSWIRE) &#8212; Media Advisory \u2013 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that Astisiy Limited Partnership, comprised of Suncor and eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB), will acquire TC Energy\u2019s remaining 15 per cent equity interest in the Northern Courier Pipeline (NCP).<\/p>\n<p>\u201cWe are pleased that Indigenous communities will be provided the opportunity to participate in and benefit from the ownership of this asset, through Suncor exercising its previously-acquired right to purchase our minority interest,\u201d said Bevin Wirzba, TC Energy\u2019s Executive Vice-President, Strategy and Corporate Development and President, Liquids Pipelines.<\/p>\n<p>\u201cAt TC Energy, we believe Indigenous communities must realize long-term sustainable benefits from energy projects. Expanding economic opportunities for Indigenous communities is an important way to advance reconciliation between Indigenous and non-Indigenous peoples. We congratulate Suncor and these communities on this new partnership.\u201d<\/p>\n<p>The transaction is anticipated to close in the fourth quarter of 2021, subject to customary closing conditions and the receipt of required regulatory approvals.<\/p>\n<p>Safety is a core value at TC\u00a0Energy. We are committed to working closely with Suncor Energy Inc., along with the asset\u2019s majority owner <a href=\"https:\/\/www.tcenergy.com\/announcements\/2019\/2019-05-28tc-energy-expects-to-realize-$1.15-billion-from-the-partial-monetization-of-northern-courier-pipeline\/\" rel=\"nofollow noopener\" target=\"_blank\"><u>Alberta Investment Management Corporation (AIMCo)<\/u><\/a>,\u00a0to ensure a safe and smooth transition\u00a0of ownership and operations.\u00a0\u00a0<\/p>\n<p>\n        <strong>About TC Energy<\/strong><br \/>\n        <br \/>We are a vital part of everyday life \u2014 delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens \u2014 we\u2019re there. Guided by our core values of safety, responsibility, collaboration and integrity, our 7,500 people make a positive difference in the communities where we operate across Canada, the United States and Mexico.<\/p>\n<p>TC Energy\u2019s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at\u00a0<a href=\"https:\/\/www.tcenergy.com\/\" rel=\"nofollow noopener\" target=\"_blank\">TCEnergy.com<\/a>.<\/p>\n<p align=\"center\">-30-<\/p>\n<p>\n        <strong>Media Inquiries:<\/strong><br \/>\n        <br \/>Jaimie Harding \/ Suzanne Wilton<br \/><a href=\"mailto:media@tcenergy.com\" rel=\"nofollow noopener\" target=\"_blank\">media@tcenergy.com<\/a><br \/>403-920-7859 or 800-608-7859<\/p>\n<p>\n        <strong>Investor &amp; Analyst Inquiries:<\/strong><br \/>\n        <br \/>David Moneta \/ Hunter Mau<br \/><a href=\"mailto:investor_relations@tcenergy.com\" rel=\"nofollow noopener\" target=\"_blank\">investor_relations@tcenergy.com<\/a><br \/>403-920-7911 or 800-361-6522<\/p>\n<p>PDF available:\u00a0<a href=\"http:\/\/ml.globenewswire.com\/Resource\/Download\/d1765a8e-c6ea-43fb-911a-fcfcf114a1b2\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/d1765a8e-c6ea-43fb-911a-fcfcf114a1b2<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyNjYwMCM0NDA1NDQwIzIwOTQ5ODc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YjE0Mjk3YTAtNjM2My00Y2I1LTkyODUtN2JmNDZkZjQ3OTQ4LTExMDY1NTg=\/tiny\/TC-Energy-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR\u00a0DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) &#8212; Media Advisory \u2013 TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that Astisiy Limited Partnership, comprised of Suncor and eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB), will acquire TC Energy\u2019s remaining 15 per cent equity interest in the Northern Courier Pipeline (NCP). \u201cWe are pleased that Indigenous communities will be provided the opportunity to participate in and benefit from the ownership of this asset, through Suncor exercising its previously-acquired right to purchase our minority interest,\u201d said Bevin Wirzba, TC Energy\u2019s Executive Vice-President, Strategy and Corporate Development and President, Liquids &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/media-advisory-tc-energy-to-divest-remaining-15-per-cent-interest-in-northern-courier-pipeline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Media Advisory: TC Energy to divest remaining 15 per cent interest in Northern Courier Pipeline&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538989","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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