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TC Energy Corp T.TRP.P.E


Primary Symbol: T.TRP Alternate Symbol(s):  TNCAF | TRPEF | T.TRP.PR.A | T.TRP.PR.B | TRPPF | T.TRP.PR.C | TRPRF | T.TRP.PR.D | T.TRP.PR.E | TCENF | T.TRP.PR.F | TCEYF | T.TRP.PR.G | T.TRP.PR.H | TRP | TCANF | T.TRP.PR.I | TCNCF

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The Natural Gas business includes its 93,300 kilometers (km) (57,900 miles) network of natural gas pipelines, which supplies more than 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Oil and Liquids business has its oil & liquids pipeline infrastructure, approximately 4,900 km, which connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma, Texas and the United States Gulf Coast. Its portfolio of energy infrastructure assets includes investments in seven power generation facilities.


TSX:TRP - Post by User

Post by Dibah420on Feb 29, 2024 4:09pm
232 Views
Post# 35907521

Bruce Power

Bruce Power
3 COMMENTS
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Canada on Thursday said it would spend up to $50-million to support pre-development work needed to build a new nuclear station at Bruce Power’s existing site in Ontario, which is already the second-biggest nuclear plant in the world.

Ontario’s provincial government last year also provided cash to lay the groundwork for the project, which could add up to 4,800 megawatts (MW) of capacity, almost doubling the output of the Tiverton, Ontario, location.

Canada and Ontario are seeking to expand grid capacity and reduce carbon emissions at the same time, and both the federal and provincial governments see nuclear power as a way of achieving this in the country’s most populous and industrialized province.

Both Ontario and Ottawa “have an interest in building a grid that is going to be non-emitting, but also obviously affordable, reliable, and a grid that actually has sufficient capacity to actually do things like attract industry,” Energy and Natural Resources Minister Jonathan Wilkinson told Reuters ahead of the announcement.

Ontario Energy Minister Todd Smith has agreed to work with Prime Minister Justin Trudeau’s government to meet federal clean electricity ambitions, Wilkinson said. The aim is to make Canada’s power grid emissions-free on a net basis by 2035.

Bruce Power, which is partly owned by TC Energy, already supplies 30 per cent of the province’s electricity. No new nuclear reactors have come on line in Canada in more than 20 years.

The federal money will help Bruce Power conduct early engagement activities with local municipalities and Indigenous communities, as well as do technical, environmental and engineering studies, according to a statement.

A final decision on whether a new station will be built is still “several years out,” Bruce Power Executive Vice President James Scongack told Reuters in a recent interview.

“We’re really focused on that impact assessment, which we know is at least a three– to four-year process,” Scongack said.


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