CALGARY, Alberta – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it will proceed with the Elwood Power/ANR Horsepower Replacement Project that will replace, upgrade and modernize certain facilities along a highly utilized section of its ANR Pipeline Company (ANR) natural gas transmission system. Under a long-term agreement, ANR would provide up to 125,000 Dth/d of firm transportation service to an existing power plant.
“The facilities are designed to enhance the safety and reliability of our ANR pipeline system while reducing emissions,” said Russ Girling, TC Energy President and Chief Executive Officer. “This investment will serve to reinforce a key portion of our ANR pipeline network in the Midwest allowing us to maximize its capacity to support increased power generation, and highlights the opportunities for organic growth along our existing right-of-way.”
The facilities work includes compression and ancillary upgrades as well as other modifications along ANR’s existing infrastructure. The project is targeted to be brought in service in the second half of 2022 with an estimated cost of US$0.4 billion.
About TC Energy
We are a vital part of everyday life – 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 — we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our more than 7,300 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.
TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.