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TC Energy Corp T.TRP.PR.E


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

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. The Company's segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, and Power and Storage. The Natural Gas business includes its 93,600 kilometers (km) (58,100 miles) network of natural gas pipelines, which supplies more than 30 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Company’s energy infrastructure assets include investments in approximately 10 power-generation facilities with a combined generating capacity of approximately 4,600 megawatts (MW). The Company offers solutions across energy efficiency, renewable power, green feedstocks, and sequestration.


TSX:TRP - Post by User

Post by TimeBuilderon Jul 27, 2023 10:11am
290 Views
Post# 35559407

FYI: More TRP in the News ;>(

FYI: More TRP in the News ;>(

UPDATE 1-Maryland Cove Point LNG feedgas drops after Virginia natgas pipe fire

(Adds TC Energy statement in 7th and 8th paragraphs)

July 26 (Reuters) - The shutdown of part of Canadian energy company TC Energy's Columbia Gas Transmission Pipeline in Virginia after a fire on Tuesday has reduced the amount of gas flowing to the Cove Point liquefied natural gas (LNG) export plant in Maryland, the plant told customers.

Columbia Gas declared a force majeure and isolated a section of its pipeline after detecting a pressure drop due to an unplanned incident in Strasburg, Virginia, on Tuesday.

Berkshire Hathaway Energy's Cove Point said in a note to customers that gas supplies from Columbia Gas's Loudoun LNG interconnect were currently at or near zero.

Cove Point, which can get gas from other pipes, was on track to pull in about 0.4 billion cubic feet per day (bcfd) of gas on Wednesday, down from an average of 0.8 bcfd in the months prior to the Columbia pipeline incident.

One billion cubic feet is enough gas to supply about five million U.S. homes for a day.

The fire was extinguished on Tuesday. TC Energy did not say if the fire caused the drop in pipeline pressure.

TC Energy on Wednesday said it is laying out plans to repair the impacted pipeline and return the adjacent pipelines to service.

There were no reported injuries to workers or members of the public and a section of the affected pipeline remains shut, the company said.

A source told Reuters the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration is investigating the rupture associated with the 26-inch gas pipe.

On Monday before the incident, TC Energy said it will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion) to Global Infrastructure Partners (GIP).

The pipelines span more than 15,000 miles (24,140 km) and deliver a substantial portion of daily U.S. gas demand, including about 20% of U.S. LNG export supply, according to TC Energy. (Reporting by Brijesh Patel, Arpan Varghese, Ashitha Shivaprasad and Mrinalika Roy in Bengaluru and Scott DiSavino in New York, editing by Deepa Babington and Chris Reese)


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