TC Energy

ENERGIZING A TRANSITIONAL FUTURE

ENERGIZING A TRANSITIONAL FUTURE

For more than 70 years, TC Energy has proudly operated pipelines, storage facilities and power-generation plants that support life in Canada, the US and Mexico. We dig deeper with Vice President of Energy Transition Technologies, Roland

Writer: Ed Budds | Project Manager: Louis Locke

Muwanga

The US, Canada and Mexico are uniquely positioned to deliver safe, reliable, and affordable energy solutions to the world while meeting the rising global energy demand.

North America possesses the capability to spearhead the clean energy transition due to its vast natural resources, its geographic location as it relates to Europe and Africa to the east, and Asia to the west, and also because much of the cutting-edge

innovation being developed is produced in the continent itself.

“In terms of the current state of the energy industry, we are already seeing a resurgence of coal-fired generation, especially in Asia at present. This was the single largest reason for a more than 40 percent overall increase in growth of global emissions in 2021,” begins Roland Muwanga, Vice President of Energy Transition Technologies for TC Energy.

Building infrastructure for the future of energy

Established in 1959 in Brownsville, WI to focus on opportunities in natural gas distribution construction, Michels has been developing solutions for and adapting to evolving market needs since its infancy.

Dale Michels, an Army-veteranturned-pipeline-welder, and his wife, Ruth, decided the best way to support themselves and their growing family was to establish a construction company in Dale’s hometown. Dale’s pipeline experience drove the decision to establish a company in that industry. His entrepreneurial spirit drove the fledgling company to keep a vigilant watch for new opportunities to use the company’s experience and assets to deliver construction solutions on a wider level. Thus, Michels expanded into telephone lines, sewer and water mains, fiberoptic cable, horizontal directional drilling … and more. At the same time, Michels developed

its world-class reputation as an innovative, safety-forward infrastructure contractor.

Operating today as the Michels Family of Companies, a collection of wholly owned subsidiaries established under the Michels brand flagship, all companies perform safe, unique and specialized construction services for energy and infrastructure industries. Whether operating independently or collaborating on a project, the Michels Family of Companies is united by the same Core Values, quality standards and world-class reputation upheld by the Michels family for nearly 65 years.

Michels continues to address evolving needs through the strategic utilization of timetested techniques and new innovations. Driven by a global team committed to playing an essential role in the future of renewable energy delivery, Michels also continues to pursue advancements in the safe, environmentally sound construction of solutions for traditional energy delivery.

Phillip Michels, President of Micon Group, Robert C. Osborn, President of Michels Energy Group, and Dean Cowling, President of Michels Canada, offer insights into how the Michels Family of Companies is helping customers construct the infrastructure needed to meet North America’s emerging needs.

How has Michels prepared to assist with the paradigm shift of energy transition?

Michels senior leaders and internal industry experts from throughout North America are collaborating on the development of opportunities and strategies focused on energy transition, renewables and the needs

Robert C. Osborn, President, Michels Energy Group, Inc.

Phillip Michels, President, Micon Group, Inc.

Dean Cowling, President, Michels Canada

of progressive partners, like TC Energy. By leveraging the experience gained through more than 60 years of energy delivery experience, Michels is combining best practices with innovation to adjust to the specific technical construction needs of cleaner, decarbonized projects.

How does Michels help customers balance current energy needs with those of energy transition?

As North America advances toward energy transition goals, Michels provides customers with ways to utilize and maintain their current energy delivery systems while developing the next phases of energy delivery. At times, this means Michels will build a new delivery system before decommissioning a legacy system; at other times, Michels rehabilitates existing infrastructure, transforming it from the standards of product being phased out to the standards of future-focused products. Successful energy transition requires a carefully thought-out strategy involving multiple stages.

Michels plans and builds the necessary infrastructure to allow customers to transition from coal and oil to lower-emissions energy sources, like natural gas. At the same time, Michels partners with customers to improve grid efficiency and increase access to renewables and other long-term clean energy solutions.

How does Michels support energy transition?

The Michels Family of Companies helps customers achieve energy transition goals with the same tenacity used to build, strengthen and modernize North America’s energy infrastructure for past and future generations. Specifically,

our technical abilities support North America’s energy transition and developing solutions in decarbonization, including solar, onshore and offshore wind, hydrogen, carbon capture, battery energy storage and renewable natural gas (RNG) markets. We have experience, capabilities, capacity, and equipment to assist with energy transition and developing solutions in decarbonization, including solar, wind, hydrogen, carbon capture and renewable natural gas markets.

Through early contractor involvement, Michels partners with customers to plan and deliver projects that are safe, reliable and sustainable. Michels encourages a collaborative approach to all phases of a complex project’s lifecycle to ensure smooth transition from planning and preconstruction through to completion and restoration.

What are specific technical examples of Michels’ ability to contribute to energy transition?

A trusted leader in trenchless, pipeline, marine and power construction, Michels’ construction solutions are directly applicable to the specific requirements of energy transition projects.

Renewables: Michels has been delivering renewables since 1999. Michels supports wind and solar farms with transmission lines, collection systems, battery energy storage, substations, civil, foundations and marine support.

Benefits of Early Contractor Involvement

Design review

Constructability review

Risk mitigation

Reduced potential for later changes

Increased collaboration

Michels installed landfall conduit under a beach, traveling to about 1,500 feet into the Atlantic Ocean for an offshore wind farm.

Michels delivers unique, complete & collaborative solutions to meet each customer’s needs.

Pipelines: Michels has extensive experience building energy pipelines and facilities to support compression and transportation of products. With a resume of more than 10,000 miles of new transmission pipeline, up to NPS 48, and more than 1,500 projects using NPS 20 and smaller, Michels delivers what is needed for safe, efficient carbon capture projects. In addition to building pipelines, Michels has experience decommissioning pipelines on land and in the water.

Facilities: Michels’ dedicated facilities team has completed about 100 greenfield and brownfield compressor and pump stations in all geographic areas. Specialized appurtenances are custom fabricated at Continental Fabrication Services, Michels’ ISO 9001:2015 certified pipe fabrication shop.

Trenchless: Michels is a recognized world leader in trenchless construction. Since 1988, Michels has completed more than 2,000 major horizontal directional drill (HDD) crossings, including a 15,426foot (4,701-metre) horizontal

directional drill HDD of a 24inch pipe crossing under Lake Sakakawea on the Missouri River and completing the longest HDD in Canada of an 11,620foot (3,540-metre) crossing of 12-inch steel pipe in Burlington, Ontario, under the Hidden Lake Golf Club. Michels also sets the expectations in microtunneling by completing more than 25 wet retrievals/intakes and setting the North American record for the tightest vertical curve on an 84-inch-diameter tunnel.

Offshore Wind: Offshore wind facilities are vital to the green infrastructure mix necessary for ambitious clean energy goals. Michels has experience with marine construction, including land-to-water and water-to-water conduit and conductor installations using trenchless, conventional and aerial methodologies. When water retention and diversion are necessary, Michels self-performs the design, construction, and dewatering of sheet pile and secant pile cofferdams and cutoff walls. Michels has the equipment and personnel

required to support offshore wind projects by installing conductors up to 400kV AC. Substation building capabilities include station construction and expansion, including EHV projects. Marine construction capabilities include certified diverse, marine support, and subsea installations.

Michels has a reputation for a strong safety culture. How is it applied to energy transition projects?

Safety is the Cornerstone of our Culture. Not only is this Michels’ first core value, but it is a base for all actions. From the Michels family and senior leadership through every person who enters one of Michels offices or jobsite, everyone is expected to make a promise to their family, friends and co-workers to incorporate safety into all actions at work or home. Michels provides all employees with the equipment, tools and training needed to safely perform work and backs its commitment with a dedicated team of safety professionals who provide guidance, assistance and support. Regardless of what industry is being supported or the size and complexity of the work, Michels approaches each project with a unified commitment to help ensure everyone returns home safely at the end of each shift.

How is Michels prepared to ensure quality in line with the unique requirements of energy transition projects?

Michels prides itself on the agile and efficient execution of complex work based on a collaborative and transparent process. Michels takes a multifaceted approach to quality on all projects. Prior to the start of construction, a multidisciplinary team identifies all tasks required to complete

This open air switchyard and distribution station project contributed to the interconnection of 49.3 MW (AC) of solar PV.

a project. Each task is then reviewed to develop an equipment list, risk and opportunity register, and schedule.

As identified by our core values, Michels’ reputation is largely built on our ability to build complex infrastructure safely, efficiently, without rework, and with no harm to the environment. Michels has an in-house Quality team staffed by a core group of highly qualified professionals who are subject matter experts in their specific disciplines, cross trained, and certified. The Quality Assurance (QA) team provides the training, tools, and techniques to achieve quality expectations in accordance with project specifications and standards.

The Quality Control (QC) team conducts inspections to confirm the quality requirements are being consistently fulfilled, and audits to ensure integrity and continual

improvement of work processes and conformance. Michels strives to continually improve the effectiveness, efficiency and repeatability in which projects are delivered, with concentration on turning over completed projects meeting or exceeding customer expectations in performance and life cycle costs.

For complex facilities and largescale construction projects, early integration of a focused QA/QC strategy has many benefits to the project and to the life of the asset. These include implementation of welding processes to join steel pipes to carry hydrogen and carbon dioxide over long distances, best practices for installing cables and conduits to bring power onshore from offshore generation plants, and hardened systems for power delivery and storage in West Coast states.

What should customers expect when working with Michels?

Using the diversified specialties of the Michels Family of Companies, Michels provides economical and constructible solutions for all types of projects. For nearly 65 years, our past has inspired our future, a practice that allows adaptation to energy transition in the same way we have embraced myriad changes in the past.

Learn how Michels can help you to reach your goals on future Energy Transition projects.

This brownfield compressor station was part of the ANR Horsepower Replacement Project. It increased operational flexibility of a pipeline and reduced emissions with the horsepower replacements.

At the same time, previously decommissioned coal-fired generation is being fired back up in Europe, in order to tactically address the growing energy crisis due to recent geopolitical events. Liquefied natural gas (LNG) is an important part of the solution and will help reduce global emissions to deliver safe and affordable energy that meets the world’s requirements.

TC Energy has built an incredibly strong and diversified portfolio of energy assets across North America, including natural gas pipelines, oil

NORTH AMERICA OUTLOOK: HOW DO YOU EMPOWER YOUR STAFF AND RECOGNIZE THE VALUABLE CONTRIBUTIONS THAT THEY MAKE?

ROLAND

MUWANGA, VICE

PRESIDENT

OF ENERGY TRANSITION TECHNOLOGIES: “The world needs safe, reliable, and affordable energy and we are constantly looking for those bright, open, and curious minds to help us look at problems differently and contribute unique solutions through their work.

“We also know our people perform their best when they feel safe, valued, and respected. We strive to foster an open and equitable environment where each member of our team feels a sense of belonging – a place where they are empowered to express themselves and their ideas.

“When we bring different people, ideas, backgrounds, opinions, and skills to the table, we make better decisions, achieve better outcomes, and create a better place to work for everyone.”

pipelines, power generation, and renewable energy projects.

Additionally, the company has recently made a first-of-its-kind investment to bring natural gas from Texas to Mexico, further strengthening the region’s economy and positioning North America as the world leader in energy solutions.

Furthermore, TC Energy now boasts a 48.4 percent ownership stake in Canada’s first private nuclear generator, Bruce Power, which provides 30 percent of Ontario’s electricity and employs more than 4,000 full-time employees, all while providing safe energy with zero carbon emissions.

“Our commitment is to invest in new technologies and approaches to improve the efficiency, reliability, and sustainability of the world’s energy infrastructure,” sets out Muwanga.

“We’re a team of energy problem solvers working to move, generate, and store the energy North America relies on. Today, we’re taking action to

make that energy more sustainable and more secure,” he continues.

TC Energy continues to focus on innovating and modernizing to reduce emissions from its business, alongside delivering new energy solutions –from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too.

Along the way, TC Energy invests in communities and partners with its neighbors, customers, and governments to build the energy system of the future.

AN INDUSTRY IN TRANSITION

With North America’s abundant source of natural gas supply at its disposal, TC Energy utilizes this wealth of resources to meet the growing global demand for energy and help enable and accelerate the energy transition, especially in critical areas of the Gulf Coast, Europe, and Asia.

“The choice has always been and

still is, who produces the gas, not the fuel source. Europe chose Russian gas, and now we are seeing an energy crisis stacked into a climate crisis. Prior to the invasion of Ukraine, Russia supplied 40 percent of Europe’s natural gas. Canada has the cleanest, most sustainably produced source of natural gas – we just need to get more of it to the market,” explains Muwanga.

TC Energy is committed to building and operating safe and reliable energy infrastructure. This includes its 93,300 kilometer (km) network of natural gas pipelines, which supplies more

than 25 percent of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power.

The world needs a diverse energy supply that includes all forms of energy, and TC Energy works every day to deliver those solutions despite an increasingly complex geopolitical environment.

“If we force energy suppliers to embrace forms of energy that today are affordable and sustainable, with reliability being the other most important factor, our world can end up going backwards. TC Energy has a

continental network of irreplaceable infrastructure, and in this way, we are effectively building the energy solutions of the future,” Muwanga adds.

Allowing for the development of modern resources, TC Energy’s infrastructure projects will unlock the potential for cleaner gas, while at the same time creating the foundation for expanding hydrogen and other new energy sources that need to be moved safely and efficiently from producers to consumers. By so doing, it aims to achieve a balance of energy security with energy evolution.

Muwanga believes that North America has an opportunity to grow and strengthen its economy through a combination of cooperation and collaboration.

“Properly empowered, North America can serve as the most impactful, collective producer and innovator in the world across a range of energy sources.”

The geography in North America

“PROPERLY EMPOWERED, NORTH AMERICA CAN SERVE AS THE MOST IMPACTFUL, COLLECTIVE PRODUCER AND INNOVATOR IN THE WORLD ACROSS A RANGE OF ENERGY SOURCES”

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

Setting the Standard with SGS

Firstly, could you briefly introduce us to SGS and the company’s vision and mission.

SGS is the world’s leading Testing, Inspection and Certification (TIC) company. Founded and headquartered in Geneva (Switzerland), we have been providing value to businesses for over 140 years. Today, we operate globally with over 97,000 employees in 2,650 offices and labs. Our services are delivered to businesses across 10 industries, including oil and gas, manufacturing, transportation, agriculture, retail consumer goods, mining, pharmaceutical, chemical, construction and government. We also deliver training and staffing services, and strive to be the benchmark for quality and integrity in each industry we serve. SGS has been recognized consecutively as a leading multinational on the Forbes 500 list.

What, in your opinion, differentiates SGS from other competitors?

Our unparalleled global footprint and proven track record of delivering TIC services to the oil and gas industry differentiate SGS in several ways. Our worldwide presence enables us to act as a one-stop-shop for global organizations that require the facilitation of multi-country projects across regulatory jurisdictions. We offer inspection services, project management, and technical staffing for these organizations. Essentially, we are well-positioned to serve our clients whenever and wherever they need. We also employ a customer-centric approach whereby we proactively engage with clients throughout a project and consult with them to create custom solutions catering to their needs. Our industry knowledge allows us to think ‘out of the box’ to propose and develop superior solutions given our clients’ requirements.

We also follow and deploy strict Health, Safety, and Environmental protocols, which has designated us as an ISNetworld Grade A service provider in Canada and the US. We hold similar designations in other parts of the world. Finally, SGS is a member of the Canadian Council for Aboriginal Business (CCAB) and certified under the Progressive Aboriginal Relations (PAR) program at the Committed Level – Phase 2. This is thanks to our work with Indigenous peoples and companies across Canada. In this regard, working with SGS provides an advantage to organizations committed to creating prosperity in Indigenous communities.

Could you expand on your relationship with TC Energy? What is your affiliation with the company and how long have you worked together?

The SGS relationship with TC Energy extends beyond 15 years across Canada for various TIC services, including field inspection, project supervision, asset integrity management, technical staffing and material testing and consultancy. Since 2017, our scope has been heavily focused on supporting inspections critical to ensuring the integrity of TC Energy’s operating assets, including pipelines. We also provide TC Energy with construction management services from start to finish, from recruitment to hiring to compliance, along with performance management and KPI tracking. In the construction phase of projects, the HSE component is paramount to mitigate risk for TC Energy. SGS plays a leading role in ensuring that construction staff and projects meet HSE and all other compliance requirements. We also place Indigenous inspectors on TC Energy projects, strengthening the organization’s commitment to the PAR program, employment equity and corporate sustainability.

How do SGS’ inspection, testing, verification and certification services add value to North America’s energy sector?

The demand for energy in North America is rapidly increasing due to globalization, concerns over energy security and a heightened interest in environmentally sustainable fuels. The world is striving towards carbon neutrality by 2050. SGS has incorporated this mindset into its service delivery across the oil and gas value chain to help our clients achieve their environmental, social, and governance goals. This includes, but is not limited to, activities that are required for both CapEx and OpEx projects as well as products and processes in all streams.

Could you touch on the company’s commitments to environmental sustainability? How are you progressing with your Sustainability Ambitions 2030 and why is this so important?

We are proud and honored to be named in the Dow Jones Sustainability Indices (DJSI) World and Europe. 2022 was the ninth consecutive year that SGS was among the topperforming companies. Furthermore, we are proud to have ranked first in S&P Global’s 2022 Corporate Sustainability Assessment (CSA) for the professional services industry, scoring 87/100 (as of December 12th , 2022).

How do we achieve this? By focusing on the value we create in our direct operations and supply chain management and the value we enable through our sustainability solutions. We aim for ambitious targets in three different areas: better governance, a better society, and a better planet. We have set long-term targets for 2030 and short-term targets for 2023, which are aligned with our 2023 business strategy. These targets are communicated to our employees worldwide and address our entire value chain.

The final aim of our Sustainability Ambitions 2030 is to deliver a measurable contribution to the United Nations’ Sustainable Development Goals. We have developed and implemented the SGS Impact Valuation Framework, which allows us to monetize our positive and negative impacts to help us understand how to continue our efforts.

Looking ahead, what are the company’s key priorities for the year ahead? Do you have any plans for expansion or diversification?

SGS remains committed to adding value to society by enabling a better, safer, and more interconnected world. This is supported by further aligning SGS to key TIC megatrends and customer demand. Our 2023 targets include ambitious financial and non-financial goals. “In a rapidly changing market landscape, SGS will remain agile to adapt our fundamental activities to new market dynamics we will see in the next few years,” says Frankie Ng, Chief Executive Officer at SGS Corporate. Key to our expansion and diversification will be our commitment to our Sustainability Ambitions 2030, our acceleration of mergers and acquisitions in key markets, and our commitment to becoming the most digital company in the TIC industry. We are excited about the progress being made internally to achieve these commitments for our employees, partners, vendors, clients – and of course, the people, products, and services that we positively impact worldwide.

offers a unique and dynamic reach, and sustainability is anchored on finding solutions that protect the planet, empower people, and create shared prosperity.

TC Energy has set ambitious targets to reduce its greenhouse gas (GHG) emissions intensity by 30 percent by 2030 and has positioned its operations to achieve net zero emissions by 2050.

The company plans to achieve this by modernizing its systems and assets, and decarbonizing its energy consumption by driving digital solutions and technologies and continually evaluating opportunities to invest in low-carbon energy and technology.

CAPITALIZING ON RESOURCE POTENTIAL

TC Energy’s path to balancing the global energy transition and continued energy security encounters a maze of challenges, as the company looks to solve the complex technical questions and soaring demand

for energy worldwide resulting in continued energy security on a global basis.

North America possesses the resources and the innovative workforce to solve both of these complex challenges. However, at present, there is currently one crucial piece of the puzzle missing, as companies such as TC Energy lack one critical component: energy policies that enable the ability to safely and securely unlock the global energy transition.

To fulfill the potential of delivering transformative global solutions, TC Energy, as well as the entire industry,

must start thinking smarter and more creatively, with two ideas that should serve as the initial foundation.

Firstly, sustainable energy policy must focus on addition rather than subtraction.

A small but vocal class of policymakers and interest groups demand that the industry uses regulation to rapidly choke the supply of natural gas to coerce the development of lower-emitting alternatives. However, this concept ignores the real-world consequences.

Traditional energy sources remain critical to keeping pace with the increasing demand. Even using

“FOR MORE THAN 70 YEARS WE’VE DELIVERED ON OUR COMMITMENT TO MEET THE EVER-INCREASING DEMAND FOR ENERGY IN A SAFE AND SUSTAINABLE MANNER”

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

Total enterprise reinvention –powering the energy transition

Now more than ever, the world needs secure and sustainable energy. To respond, energy companies are transforming faster than ever before, with some systematically changing the game for the entire industry. Centered around a strong digital core and new ways of working, these leading companies are acting as reinventors driving growth, optimizing operations, and reducing emissions.

Enterprise-wide reinvention in the energy sector involves rethinking the strategies, technologies, and operating models in five distinct areas: Competitiveness, Carbon, Connectivity, Customer and Culture (the 5Cs). Leaders are demonstrating a holistic approach to reinvention characterized by measured steps across all the 5C areas while moving from bold plans to pragmatic actions.

Accenture helps the world’s leading businesses, governments, and other organizations to harness the power of total enterprise reinvention and create long-term, sustainable value.

Let us guide you to reinvention.

Learn more: Energy reinvention index.

MAINTAINING AN ENVIRONMENTAL COMMITMENT

TC ENERGY is committed to protecting the environment. Not just because it must, but because the company wants to play its part in shielding the planet from damaging environmental impacts.

• TC Energy respects the diversity of the landscapes where it operates and works to always minimize its environmental footprint, while simultaneously quenching the world’s evergrowing thirst for safe and reliable energy resources.

• The company has restored over 490 hectares of boreal woodland caribou habitat and planted more than one million trees in Canada since 2014.

• More than 9,000 people now have greater access to drinking water through TC Energy’s rainwater harvesting program in Mexico.

• TC Energy donated $1.05 million to 71 non-profit environmental organizations in 2020.

the most optimistic estimates for the growth of renewable energy, blocking the development of traditional energy projects will undoubtedly lead to disruptive energy shortages and soaring costs across North America.

At the same time, these policymakers and interest groups refuse to support the building of newer and cleaner traditional energy projects, like LNG, which has the adverse effect of forcing consumers to rely on older energy sources such as coal which produce far more emissions.

This sequence continues to

unfold across Europe to this day. In the chaotic scramble to replace Russian gas, leaders are now seeking refuge in more accessible sources of energy regardless of their environmental impact. Germany, for example, recently reopened or extended more than 20 coal-fired power plants to meet demand this winter. Subsequently, this creates vast insecurity across the region and prevents all progress in aiding the drive toward sustainable energy solutions.

There are no shortcuts possible in the global energy transition. Continuous access to affordable and reliable energy will prove essential as companies such as TC Energy safely and securely progress towards the ability to meet demand with loweremitting sources of energy.

EMBRACING LNG

LNG is unquestionably the world’s best tool for rapidly reducing worldwide emissions. The LNG that TC Energy exports around the world helps to reduce the immense reliance on coal, which was responsible for a large portion of the overall growth in global carbon emissions last year and in 2021.

LNG has received a surge of

LEADERS IN INDUSTRIAL AND PIPELINE FABRICATION

The Academy Group of Companies has been a trusted and committed partner working with our clients to provide the highest quality and most cost-competitive solutions for industrial (pipeline/facility) pipe spool and structural steel fabrication for 28 years and counting. With two locations in Canada spanning 53 acres with four facilities totaling 121,000 square feet, Academy has industry leading safety, capacities, and capabilities necessary to achieve success on projects of all sizes.

With over 80 weld procedures, Academy is capable of fabricating a wide range of high

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MORE ABOUT US

and low-grade carbon steel, stainless steel, alloys and chromes. Academy’s seven welding bays allow for large scale fabrication (120,000 pounds and greater, with diameters in excess of 80 inch) in a segregated manner completed by our long-term trained craft. In addition to fabrication, Academy offers modularization, skid assemblies, materials procurement, engineering, hydro testing, DHT and PWHT, transportation, and management of coating, machining, insulation and tracing.

attention amid Europe’s energy crisis, but its potential stretches far beyond the current moment into the future of energy. From Mexico to Asia, expanding LNG will continue to maximize energy security and most crucially, it will dramatically reduce emissions. In this way, refusing to expand LNG exports locks nations around the world into coal, high-sulfur diesel, and other damaging energy sources for potentially decades to come which could bring devastating consequences.

TC Energy recognizes that its policies must acknowledge that climate change is a global dilemma to solve. Achieving even a small decline in domestic emissions does not constitute progress if it then triggers a net increase in global emissions.

Unfortunately, restrictive policies continue to prevent TC Energy from securely building the energy infrastructure needed to deliver lower-emitting energy to consumers

NORTH AMERICA OUTLOOK: HOW DO YOU ENSURE YOUR

ARE SAFE AFTER YOU’VE INSERTED THEM INTO A NEW COMMUNITY?

ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES: “Our safety program starts before construction. We use only high-quality materials, the latest proven technologies and industry-leading practices to ensure the integrity of our pipelines before they go into the ground.

“We are a leader in North America in the use of automatic welding and ultrasonic testing technologies to construct pipelines. These technologies ensure highquality welds are made, each inspected by qualified independent regulators during construction. Prior to placing a pipeline in service, it is hydrostatically tested with water at a higher pressure than it will see during operations. In addition, pipeline inspection tools with high-resolution sensors are run through the pipeline to check for any other irregularities prior to flowing natural gas.

“Once operational, we use state of the art leak detection systems, as well as safety features such as shut-off valves and provide highly specialized training for people working on our assets. Our pipeline systems are monitored 24 hours a day, 365 days a year by trained operators in our operations control centres who manage the most sophisticated pipeline monitoring equipment and technology available.

“Our industry-leading asset integrity programs manage our pipeline and facilities for their entire life cycle to ensure they provide safe and reliable energy to consumers throughout North America. Safety is our number one value.”

PIPELINES

across North America and around the world. The US still leads the way in global LNG exports, yet there is currently still not enough existing infrastructure to meet global demand.

Allowing for the development of modern energy infrastructure projects will unlock the potential for cleaner gas, while at the same time creating the foundation for expanding hydrogen and other new energy sources that need to be moved safely and efficiently from producers to consumers. This is how TC Energy plans to balance energy security with the energy transition.

The company hopes that policymakers will take several important steps — from fixing the broken permitting process to reassessing how energy projects are categorized, although the most important shift is to change the collective mindset of the industry to focus on safely and securely cultivating an abundance of lower-emitting options rather than imposing scarcity and passively hoping for the best.

“WE RELY ON OUR SUPPLY AND CONTRACTOR COMMUNITY TO SUPPORT OUR DAY-TO-DAY OPERATIONS AND HELP US ACHIEVE OUR VISION TO BE THE LEADING INFRASTRUCTURE COMPANY IN NORTH AMERICA”

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

The quest to identify influential voices to reject archaic and oversimplified political debates and embrace a more enlightened approach to delivering energy security and fulfilling collective climate goals must become a fundamental priority for the energy sector in order to provide continued stability.

It will take strong leaders across the entire industry with vision, insight, and courage to confront this challenge and enable a secure and sustainable energy future.

EMBRACING THE FUTURE OF ENERGY

TC Energy’s portfolio recognizes and emphasizes an inclusive approach to energy solutions, and its natural gas and oil infrastructure plays a critical role in the global energy transition.

“Our existing pipelines and energy storage capacity is one of the largest in North America and positions TC Energy as the continent’s energy problem-solving leader,” acclaims Muwanga.

Whether it’s renewable energy, renewable natural gas (RNG),

hydrogen, or other low-carbon energy services, TC Energy utilizes its North American presence to offer its many customers flexible, cost-effective solutions to effectively manage their energy and decarbonization needs.

For example, the Alberta Carbon Grid is a significant step in the transition to a low-carbon energy system and to reduce GHG emissions in the province of Alberta, Canada, by integrating large-scale renewable energy sources and other clean technologies into the grid.

This project will reduce Alberta’s reliance on fossil fuels, which are the main source of GHG emissions, and help the province reach its target of reducing emissions by 30 percent below 2005 levels by 2025. Additionally, the integration of renewable energy sources will improve the reliability and stability of the electricity grid and provide the area with access to cleaner and more affordable energy.

In addition to this, TC Energy is focused on co-developing, constructing, operating, and owning large-scale hydrogen production facilities in the US and Canada. Hydrogen is a clean energy source that can be used to replace fossil fuels and reduce GHG emissions, and H2 production hubs can help increase the production and use of hydrogen as a fuel, which contributes to reducing the carbon footprint of various industries.

“Hydrogen can be stored and used as an energy carrier, making it a valuable resource for energy storage. The production hubs will help store excess energy from renewable sources, such as wind and solar, that can be used in times when energy demand is higher. Plus, it has numerous industrial applications, such as in the production of chemicals and the refining of oil,” Muwanga elaborates.

Another example of the company’s proactive mentality when it comes to new initiatives is the $29.3 million investment in a renewable natural

TC ENERGY TAKES HOME BEST DIGITAL TRANSFORMATION AWARD BY PGJ

BACK IN November 2022, TC Energy’s Construction Commissioning Excellence (CCE) team took home PGJ’s Best Digital Transformation award for its innovative inspection and construction management platform.

For the last four years, the CCE team has sought to digitize inspection and construction management, culminating this year with the enterprise-wide deployment of the Dynamic, Digital, Data and Diagnostics platform known as 4D Inspection. The innovative platform digitizes construction inspection, provides real-time compliance validations, visualizes progress and issue tracking, captures construction quality performance, and aggregates data for predictive analytics.

“I am thrilled that this group of innovators and energy problem solvers has been recognized at an industry level,” said Amir Hadzic, Vice-President of Project Delivery Excellence.

“Their passion and dedication to every aspect of this program has truly transformed how we collect, process, and analyze project and asset data. Congratulations and thank you for all you do,” he added after the presentation of the award.

The enterprise-wide deployment of 4D Inspection in the past year digitized a total of 35,605,460 organized and searchable data points, from manufacturing and inspection data to project photos. As well as digitally transforming TC Energy’s entire construction management process for over $10 billion in capital projects, the platform now has over 1,830 users across the organization.

Built on Trust. Backed by Experience.

The EIL Group incorporating HRS Heat Exchangers has over 100 years of expertise in over fifty countries on four continents, with a focus on increasing our clients energy efficiency.

EIL’s reputation was built on our success in Oil & Gas, a trusted partner in solving our customers energy challenges. With that trusted innovative approach now utilized across a range of technologies including Liquified Natural Gas (LNG), Carbon Capture, Renewable Natural Gas (RNG), and Hydrogen.

EIL has supplied TCE for over thirty years, supporting them in the development of Canadian Gas supply, providing them with the critical compressor after-cooler equipment. Our product portfolio is ideal for the development of future renewable energy projects.

Shell & Tube Heat Exchangers

Waste Heat Boilers

Air Cooler Heat Exchangers

Field Service Capabilities

gas production facility near the Jack Daniels Distillery in Lynchburg, Tennessee.

The facility will produce RNG with a carbon intensity score that is 50 percent lower than traditional natural gas, impressively saving up to 16,000 tons of CO2 per year.

POWER GENERATION FACILITIES

TC Energy’s asset base of highquality, long-life energy infrastructure includes investments in seven power generation facilities with a combined generating capacity of approximately 4,200 megawatts (MW) – enough to power more than four million homes.

At present, approximately 75 percent of the company’s power capacity is emission-free, and TC Energy remains a leader in the development and operation of high-efficiency, natural gas-fired generating stations. This is alongside a robust origination and trading platform in the US and Canada.

As the demand for renewable electricity continues to increase across North America, new hydro, solar, wind and energy storage capacity will be needed to meet the growing requirements and support a shift in the energy mix. TC Energy is, however, well positioned to capture these opportunities given it has more

than 20 years of vast experience in the power business and the multiple projects and opportunities that it has completed, with a multitude of new initiatives underway.

The Bear Creek Cogeneration Plant is a great example of how power innovation can benefit communities while generating value for shareholders. The plant produces up to 100 MW of electricity for both Weyerhaeuser’s Grande Prairie Pulp and Sawmill and Alberta’s competitive electricity market.

The Bear Creek facility imports biomass-derived steam from wood waste and then combines it with natural gas-derived steam to power a turbine. The turbine generates energy for the mill, supplies electricity to the power pool of Alberta and reduces wood waste destined for landfill.

ENGAGING WITH COMMUNITIES

As well as building pipelines and power plants, TC Energy often describes itself as a pipeline operator or energy producer. However, the one

“CANADA HAS THE CLEANEST, MOST SUSTAINABLY PRODUCED SOURCE OF NATURAL GAS – WE JUST NEED TO GET MORE OF IT TO THE MARKET”

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

thing that the company builds more than anything else is long-lasting relationships, with governments, communities, landowners, Indigenous groups, suppliers, vendors, contractors and the public.

Safe, reliable and sustainable operations are foundational to what TC Energy does – located within the beating heart of the company culture and in every element of its decisionmaking. This process of responsibility starts with the core values of safety, innovation, responsibility, collaboration and integrity, and TC Energy upholds these values in its commitments to protect the planet, create shared prosperity, and vitally, empower people.

Building and maintaining positive relationships with communities in areas such as Pike River and SaintSébastien, and cultivating meaningful partnerships with leaders including the likes of Saint-Sébastien Mayor Martin Thibert, are highly important to TC Energy.

The combination of core values

provides a solid foundation for the company’s ongoing commitment to its stakeholders. These values guide TC Energy at all times in its interactions with partners and local communities, as the company listens to their concerns and incorporates their valued feedback into all future project planning.

TC Energy abides by several key principles: to identify and consider the perspectives of stakeholders, remain visible, present and approachable in the community, recognize that diverse thoughts, opinions and experiences

contribute to better decisions and outcomes for everyone involved, take ultimate ownership and accountability for its decisions and outcomes, and finally, to track, measure and report on its performance in order to then learn and improve.

While TC Energy has built strong relationships with thousands of communities, backed by generations of carefully nurtured cooperation and trust, the company is also committed to earning public confidence from those communities that it has not yet worked with.

The list of company stakeholders includes people or groups that significantly affect or may be affected by TC Energy’s business activities, be it directly or indirectly. Whether they are local community members, landowners or Indigenous groups – who are justifiably recognized as rightsholders with a distinct relationship to the land – TC Energy is committed to building mutually beneficial relationships with all its neighbors.

Waschuk Pipe Line Construction Ltd., based out of Red Deer, Alberta, has been in business for 57 years, constructing large diameter pipelines and oil and gas production facilities across Western Canada.

We have the expertise and experience to efficiently and safely complete mainline pipeline projects on budget and on time.

We work collaboratively with our clients by maintaining and exceeding progress with our high performance team.

The company also provides integrity services, such as integrity digs, investigative digs, and replacement lines for existing pipeline infrastructure, which is essential to the protection of our environment.

Our employees and staff are experienced at working safely through extremely adverse conditions having laid over 11,000 km pipeline ranging from 2” to 60”.

Throughout the entire life cycle of a project, TC Energy engages with communities from project approval to the decommissioning stages.

By engaging early and often with stakeholders, the company creates project plans with better outcomes for everyone involved. Engaging with stakeholders means listening to the needs of all associates, providing accurate information, and responding to stakeholder interests in a prompt and consistent manner.

Some of the ways TC Energy works to identify potential environmental and socio-economic effects are through hosting local open houses, conducting public presentations, and having one-on-one discussions.

This is as well as reaching out to stakeholders with fact sheets, brochures, website access and providing email and toll-free phone lines to contact the company directly.

Once new assets are operational, the engagement with stakeholders doesn’t end, however.

“Our regional community liaisons

– ROLAND

VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

continue to build and maintain relationships with our stakeholders and focus on community relations, public awareness, emergency response and community investment activities throughout the life of the asset,” confirms Muwanga.

COLLABORATING WITH INDIGENOUS GROUPS

For more than 40 years, TC Energy has been engaging and collaborating respectfully with Indigenous groups in its areas of operation.

After such a long and prosperous working relationship, TC Energy recognizes Indigenous groups as

rightsholders who have a distinct relationship to the land, as well as understanding that its business activities have the serious potential to affect these groups in tangible ways. Indigenous engagement and participation are therefore critical to the success of the company’s projects.

Committed to working with Indigenous groups and tailoring its engagement approach to be responsive to the unique circumstances of each group, TC Energy provides resources to Indigenous groups during the engagement process to support their participation in a project’s regulatory approval process.

“OUR EXISTING PIPELINES AND ENERGY STORAGE CAPACITY IS ONE OF THE LARGEST IN NORTH AMERICA AND POSITIONS TC ENERGY AS ITS LEADER IN ENERGY PROBLEM SOLVING”

MUWANGA,

100 PERCENT HYDROGEN READY VALVES FOR A SUSTAINABLE WORLD.

Valvitalia is supporting the ecological and energy transition for a sustainable world with the development of 100 percent hydrogen ready products. Metallic materials and soft materials have been qualified through severe and innovative laboratory H2 tests with the cooperation of partners, laboratories and universities. A prototype has been developed for a final validation of the design and product features.

YOUR FLOW, OUR EQUIPMENT

HYDROGEN

Through active participation in activities like fieldwork and traditional land use studies, Indigenous groups then make their own assessment of a project’s potential effects on the community and natural environment.

In some cases, participation agreements or project equity agreements are other ways that TC Energy works closely with Indigenous groups that are potentially affected by its activities to acknowledge their unique governance, relationship to the land and legal standing.

TC Energy’s Indigenous Relations team engages early and often with potentially affected Indigenous groups to understand their interests, identify opportunities, respond to their concerns, and facilitate participation and inclusive collaboration across new projects.

This is achieved by identifying and creating opportunities that support these groups through education and training, community legacy, scholarships

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

and engagement with Indigenous contractors and businesses.

By working together and ensuring open communication with Indigenous groups, the company strives to earn their respect and trust to establish and grow positive long-term relationships, which will benefit both parties long-term.

To ensure Indigenous cultures, values and the environment are respected and protected, TC Energy engages with local Indigenous groups to identify and gather Indigenous knowledge, helping to guarantee the needs and interests of each group are met throughout the life cycle of the project.

These engagements additionally provide an opportunity to discuss concerns and mitigate any potentially adverse effects by incorporating Indigenous knowledge about the local ecology, land and resource use, into all project planning activities.

SUPPORTING SUPPLY AND GROWTH

As well as its focus on working with local communities and Indigenous groups, TC Energy endeavors to place great importance on building and maintaining relationships with the contractor, supplier and vendor community in which it is deeply engaged.

“WE BELIEVE AN ALL-OF-THE-ABOVE STRATEGY IS REQUIRED, AS ARE INNOVATION, COLLABORATION AND WORLDCLASS EXPERTISE”

Leaders in improving quality of life around the globe

We are driving the energy transition! ILF partners with clients worldwide to execute large-scale projects focused on the generation, storage and transmission of electricity supplied from a variety of renewable energies. We provide solutions in all disciplines including, engineering, project management, design drafting, procurement, commissioning, start-up support and operation support services.

“This is Rocket Science.”

“We rely on our supply and contractor community to support our day-to-day operations and help us achieve our vision to be the leading infrastructure company in North America,” Muwanga tells us.

Similarly, TC Energy is also committed to providing the tools and resources that contractors, suppliers and vendors need to support its business objectives and the company’s core values of safety, integrity, responsibility and collaboration.

“For more than 70 years, we’ve delivered on our commitment to

meet the ever-increasing demand for energy in a safe and sustainable manner. We’ve provided significant value to our shareholders with an 11 percent average annual return since 2000 and increased our dividend each year since.”

Achieving excellent levels of growth and development is the reward reaped by TC Energy as a result of its commitment to efficiency and the overall quest to be a true industry leader in its field.

Whilst impressively growing its asset base from $25 billion to over $100 billion, TC Energy has

simultaneously raised its annual dividend from $0.80 per share to $3.72 per share in 2023, placing the company in a position of exceptional financial strength moving forward.

A FOCUS ON SAFETY AND OPERATIONAL EXCELLENCE

Operational excellence starts with safety, and TC Energy has set clear goals regarding this crucial element of running a thriving business.

These operational non-negotiables include keeping people, the environment and the company’s assets safe every day. In addition to this, serious or critical incidents are never acceptable to the company, and in the rare instance when an incident occurs, TC Energy is committed to doing what is right throughout the response, recovery, and remediation phases immediately following such an occurrence.

The company takes this responsibility incredibly seriously,

“WE STRIVE TO FOSTER AN OPEN AND EQUITABLE ENVIRONMENT WHERE EACH MEMBER OF OUR TEAM FEELS A SENSE OF BELONGING”

– ROLAND MUWANGA, VICE PRESIDENT OF ENERGY TRANSITION TECHNOLOGIES, TC ENERGY

Seeing it all, far in advance — that’s the Power of Clarity. At NDT Global, it’s our promise. Where some consider limits, we focus on delivering decision-ready insights, to enable the best outcomes for business and nature. That’s why we’re proud to partner with leading innovators throughout the energy industry. By collaborating to advance the science of inline diagnostics, we are working to ensure the safety and integrity of our critical infrastructure… with a clear view into the future.

which recently included resolving the Milepost 14 incident on the Keystone Pipeline System in Washington County, Kansas. As of February 2023, TC Energy has recovered 90 percent of the released volume, whilst continuing to diligently work to restore the area to its original condition and investigating the root cause of the breakage which will be applied to learnings going forward.

As part of the company’s focus on operational excellence, TC Energy continues to look for new ways to maximize the value of its copious operating assets by optimizing system availability and throughput as well as commercial terms with all its customers. This is alongside scrutinizing the organization to find additional cost efficiencies, aiming to get the best value possible and reducing costs without ever compromising on safety.

Complementing TC Energy’s refusal to compromise on safety, is its dedication to looking after its staff.

“We know our people perform at their best when they feel safe, valued

and respected. We strive to foster an open and equitable environment where each member of our team feels a sense of belonging – a place where they are empowered to express themselves and their ideas,” Muwanga tells us proudly.

“When we bring different people, ideas, backgrounds, opinions and skills to the table, we make better decisions, achieve better outcomes and create a better place to work for everyone.”

ESG PRACTICES

Broadly, TC Energy strives to be a leader in the delivery of energy in a safe, responsible and sustainable manner, ensuring the company is positioned to maximize long-term value creation.

Being a leader involves listening to stakeholders and communicating candidly about the company’s performance and approach, aiming to provide comprehensive and material disclosure on TC Energy’s environmental, social and governance (ESG) management.

“Our vision is to be the premier energy infrastructure company in North America today and in the future. That future includes embracing the energy transition that is underway and contributing to a lower-carbon energy world,” Muwanga outlines.

TC Energy believes today’s energy industry must play a proactive role to enable change and help meet each country’s climate goals. This must be achieved whilst making sure that a growing population continues to have the energy required to maintain an optimum quality of life — transportation, agriculture, healthcare, education, and economic prosperity all depend on access to safe, reliable, and affordable energy.

In that vein, TC Energy takes its role as a socially responsible corporate leader very seriously. One example of this is the Build Strong program which invests in organizations that are vital to local communities and the business itself.

“Whether we are providing grants to organizations, awarding scholarships to future energy problem solvers or supporting local events that bring community members together, our goal is to help build strong, vibrant communities through mutually beneficial relationships,” affirms Muwanga.

For TC Energy, evolving to a lowercarbon energy future is a serious obligation, not an imposition or an obstacle – it is an incredible opportunity, serving as a catalyst for future growth for the company with investments that are strongly aligned with its corporate strategic objectives, traditional risk preferences and core values.

There is both an extraordinary opportunity and a need for accountability to play a vital role in the energy transition. In this regard, TC Energy remains confident that it can make a difference thanks in large part to its innovative workforce, asset footprint and the trusted relationships it has built with stakeholders, rightsholders and partners.

Transforming challenges into solutions.

greater. In

FOCUSED ON TODAY, PREPARING FOR THE FUTURE

It’s an indisputable fact that TC Energy’s team of more than 7,000 dedicated energy problem solvers make the company’s ever-growing list of achievements possible, as the business continues to move, store and generate the energy that North America, and ultimately the world, relies on today – while finding new, more secure and sustainable solutions for tomorrow.

“We believe an all-of-the-above strategy is required, as are innovation, collaboration and world-class expertise. These essential skills are widespread throughout our organization and, when combined with our robust strategy, continue to position us for long-term success,” observes Muwanga.

Guiding these intricately strategized efforts is TC Energy’s increasingly diverse Board of Directors, who bring a variety of perspectives, backgrounds

and experiences to the table.

As part of its continual succession planning, the company recently welcomed Dheeraj Verma and Cheryl Campbell to the Board.

Appointed in April 2022, Verma brings considerable expertise in capital market transactions and energy investment. Campbell, who was appointed in June 2022, offers extensive experience in the midstream energy sector, with operational expertise in both regulated and unregulated environments, as well as in sustainability and risk management. Both members were specifically acquired by the company to provide valuable contributions to TC Energy’s corporate strategy and governance.

Entering the remainder of 2023 excited to develop and expand its portfolio of energy solutions, TC Energy’s unique blend of deep experience and strong relationships with partners and customers positions itself favorably to help solve the global

challenge of meeting rising energy demand while working in parallel to significantly reduce emissions.

The sturdy financial discipline and recently announced capital rotation program will enable TC Energy to prudently fund and manage its assets and opportunities across its everexpanding existing footprint into the next segment of the company’s prosperous story.

Meanwhile, the company-wide emphasis on safe, efficient and disciplined operations will deliver results for employees, customers and shareholders, while setting a strong foundation for robust and sustainable growth that will secure TC Energy’s place in the dazzlingly bright and sustainable energy future.

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our industries, in the way we treat our planet, and in how we live. To challenge the status quo we must be brave – it’s having the courage to forge new answers. We’re 35,000 inquisitive minds, on a quest to unlock solutions to critical challenges across energy and materials markets.