Media Advisory: TC Energy launches binding open season for the Marketlink Pipeline System

Rhea-AI Summary

TC Energy Corporation (NYSE: TRP) has launched an open season for binding commitments for crude oil transportation on the Marketlink Pipeline System. This system connects Cushing, OK, to major destinations in Port Arthur and Houston, TX. The open season aims to meet customer demand for reliable domestic supply to the U.S. refining market. Interested customers can access details upon signing a confidentiality agreement. Bids are required by 12 p.m. MDT on May 9, 2022.

Positive

• Launch of open season for crude oil transportation on Marketlink Pipeline System to enhance logistics.
• Targeting reliable domestic supply from Cushing to U.S. refining markets.

Negative

• None.

CALGARY, Alberta, April 08, 2022 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Marketlink Pipeline System with origin in Cushing, OK, and destinations in Port Arthur and Houston, TX.

Marketlink is a vital transportation link to the U.S. Gulf Coast designed to meet the needs of our customers by delivering a reliable source of domestic supply from the Cushing hub to the U.S. refining market.

Prospective customers may review details of the open season after executing a confidentiality agreement and requesting information available online or by contacting liquids_pipelines@tcenergy.com.

Submission of binding bids is required before the open season closes at 12 p.m. MDT on May 9, 2022.

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 liquids pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, innovation, responsibility, collaboration and integrity, our 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.

FORWARD-LOOKING INFORMATION
This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.

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Media Inquiries:
Jaimie Harding / Suzanne Wilton
media@tcenergy.com
403-920-7859 or 800-608-7859

Investor & Analyst Inquiries:
Gavin Wylie / Hunter Mau
investor_relations@tcenergy.com
403-920-7911 or 800-361-6522

PDF available: http://ml.globenewswire.com/Resource/Download/2c07e642-468b-46ca-982c-48707a8a07dd

FAQ

What is the open season launched by TC Energy Corporation for TRP?

TC Energy has initiated an open season for binding commitments for its crude oil transportation on the Marketlink Pipeline System.

When is the deadline for submitting bids for the Marketlink Pipeline open season related to TRP?

The deadline for submitting binding bids is 12 p.m. MDT on May 9, 2022.

What does the Marketlink Pipeline System connect for TC Energy (TRP)?

The Marketlink Pipeline System connects Cushing, OK, to Port Arthur and Houston, TX, facilitating crude oil transport.

How can interested customers obtain details about the Marketlink Pipeline open season for TRP?

Prospective customers can review details after signing a confidentiality agreement and contacting TC Energy.