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TC Energy commences collection of tolls on Southeast Gateway pipeline

1. Southeast Gateway pipeline completed 13% under budget at $3.9 billion. 2. Tolls from CFE for pipeline operations have begun as scheduled. 3. Mexico plans to add 8.5 GW capacity, enhancing energy demand. 4. Public-private partnership aids in Mexico's energy expansion efforts. 5. Pipeline supports transition to lower-emission energy sources in Mexico.

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Why Bullish?

The completion of the Southeast Gateway pipeline enhances TRP's revenue stream and operational efficiency. Historical precedent shows that infrastructure projects often boost stock performance in energy companies.

How important is it?

The article highlights significant cost management and revenue generation potential, crucial for investor confidence. Positive developments in natural gas pipelines typically indicate long-term growth prospects for TRP.

Why Long Term?

Growth in natural gas demand and new capacity in Mexico suggests sustained revenue increases. Previous investments in similar projects have led to long-term stock appreciation.

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CFESREENBPAA
Final project cost is approximately US$3.9 billion, 13 per cent under original cost estimateSupplies affordable, reliable and sustainable natural gas to fuel Mexico’s economic growth CALGARY, Alberta, June 27, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it has commenced the collection of tolls from the Comisión Federal de Electricidad (CFE) for the Southeast Gateway pipeline and has been paid by the CFE for the month of May, on time in accordance with our contract. We continue to work with the newly constituted Comisión Nacional de Energía (CNE) to obtain the approval of our regulated rates as soon as possible, which is required to provide service to potential future interruptible service users on Southeast Gateway other than the CFE. The Southeast Gateway pipeline, a 1.3 Bcf/d, 715-kilometre natural gas pipeline, was constructed approximately 13 per cent under the original cost estimate in less than three years from the project's final investment decision. Southeast Gateway was the first significant energy infrastructure project constructed under our successful public-private partnership with the CFE. “The successful completion of the Southeast Gateway pipeline reflects the unwavering commitment of our team, the CFE and the Ministry of Energy (SENER) to support Mexico’s expanding energy demand and future economic development,” said François Poirier, TC Energy’s President and Chief Executive Officer. To advance Mexico’s economic growth and energy security, the Government of Mexico has announced plans to add approximately 8.5 gigawatts of newly installed capacity from natural gas power plants. The Southeast Gateway pipeline, along with the Company’s other assets in Mexico, is positioned to play a vital role in supporting this initiative and the transition to lower-emission, more reliable energy sources. About TC EnergyWe’re a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Our extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to homes and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation. 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 INFORMATIONThis 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.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. -30- Media Inquiries:Media Relationsmedia@tcenergy.com 403-920-7859 or 800-608-7859 Investor & Analyst Inquiries:Gavin Wylie / Hunter Mauinvestor_relations@tcenergy.com403-920-7911 or 800-361-6522 PDF available: http://ml.globenewswire.com/Resource/Download/71eecfb6-0f18-4356-a066-6de39df05b1f

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