{"success":true,"data":{"pressRelease":{"id":"167151","rtpr_id":"nGNX6R9lp0-20261013","ticker":"TRP","exchange":"TSX","all_tickers":["TRP"],"title":"TC Energy announces Indigenous investment in Coastal GasLink","author":"Globe Newswire","published_at":"2026-10-13T10:30:00.119Z","article_body":"British Columbia First Nations to share in the long-term economic benefits\nfrom Canadian energy infrastructure\n\nCALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation\n(TSX, NYSE: TRP) (TC Energy or the Company) today announced the closing of an\nagreement with FN CGL Pipeline Limited Partnership, an Indigenous-led\ninvestment entity representing five First Nations along the Coastal GasLink\n(CGL) corridor.\n\nThrough the agreement developed in collaboration with the participating\nNations, Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band,\nSaulteau First Nations and West Moberly First Nations will obtain an economic\ninterest in the entity that holds TC Energy’s limited partner interest in\nCGL. These communities are expected to benefit from long-term, predictable\nfinancial returns associated with TC Energy's limited partner interest in CGL.\n\nThis announcement is the first of two planned Indigenous investment\ntransactions related to CGL. A second transaction involving additional First\nNations is expected to close in Q4 2026.\n\nBuilt on more than a decade of partnership\n“This agreement turns years of partnership into long-term economic\nopportunity and shared prosperity,” said François Poirier, President and\nChief Executive Officer of TC Energy. “For decades, we have worked alongside\nIndigenous communities to advance economic opportunities through employment,\ncontracting, training and community investment. Today’s announcement\nreflects our commitment to advancing Indigenous economic participation by\nproviding opportunities for communities to generate predictable income and\ninvest in the priorities that matter most to them.”\n\nFN CGL Pipeline Limited Partnership was established by participating Nations\nto pursue the investment opportunity.\n\n\"Our participation in this transaction reflects years of work to build a\nstronger role for Indigenous Nations in Canada’s energy future,” said\nChief Roland Willson, West Moberly First Nations. “This investment framework\nrecognizes the importance of partnership, financial certainty and shared\nprosperity, while supporting our communities’ ability to make decisions\nabout our own economic future.”\n\nThe completion of the transaction reflects years of work by participating\nNations to establish and advance an Indigenous-owned and financed investment\nentity.\n\n“Canada is entering a generational investment supercycle in energy and\nnatural resources, and Indigenous ownership will be at the heart of it,”\nsaid the Honourable Tim Hodgson, Minister of Energy and Natural Resources.\n“I congratulate all partners on this agreement, which gives First Nations a\nmeaningful ownership stake in, and long-term benefits from, one of Canada’s\nmost important energy infrastructure projects. As we build infrastructure to\ndiversify our exports, reach new markets and strengthen Canada’s position as\na global energy superpower, partnerships like this will ensure that Indigenous\ncommunities are not just participants in our economic future, but owners and\nbeneficiaries of it.”\n\nA critical pathway for Canadian LNG exports\nAs operator and co-owner of CGL, TC Energy safely delivers 2.1 billion cubic\nfeet per day of Canadian natural gas to LNG Canada in Kitimat, B.C.,\nsupporting Canadian LNG exports to global markets. With the announcement of\nCGL Phase 2\n(https://www.tcenergy.com/announcements/2026/2026-09-29-coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision/),\nsystem capacity will nearly double, demonstrating the growing global demand\nfor natural gas and long-term value of Canadian LNG exports.\n\nTransaction advisors\nRBC Capital Markets acted as financial advisor to TC Energy and Blake, Cassels\n& Graydon LLP as legal counsel.\n\nFor FN CGL Pipeline Limited Partnership, Indigenous Wealth Finance Group Ltd.\nand PNL Consulting Inc. acted as business and financial advisors, and Cassels\nBrock & Blackwell LLP acted as legal counsel.\n\nAbout TC Energy\nWe are a leader in North American energy infrastructure, spanning Canada, the\nU.S. and Mexico. For over 75 years, we have proudly connected the\nworld to the energy it needs. Every day, we move more than 30 per cent of\nthe natural gas used across the continent and connect LNG exports to\nglobal markets — powering communities and industries. Complemented\nby strategic ownership and low-risk investments in power generation, our\ninfrastructure delivers affordable, reliable and\nsustainable energy across North America. \n\nWe carry forward a legacy of nation building energy infrastructure and\nstrong partnerships. By working with communities, businesses and leaders\nacross our extensive energy network, we create opportunities today\nand for generations to come. \n\nTC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE)\nstock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com\n(https://www.tcenergy.com/).\n\nAbout Coastal GasLink\nCoastal GasLink is Canada’s first direct pathway to global LNG export\nmarkets. It is a 670-kilometre (416-mile) natural gas pipeline that safely\ndelivers 2.1 Bcf/d of natural gas from northeastern British Columbia to the\nLNG Canada facility in Kitimat, B.C., where it is liquefied for export to\nglobal markets. The infrastructure is owned by Coastal GasLink Pipeline\nLimited Partnership, with TC Energy as the operator.\n\nAbout FN CGL Pipeline Limited Partnership\nFN CGL LP is a limited partnership created for specific investment purposes\nrepresenting the Haisla Nation (centered in Kitamaat Village on the west coast\nof British Columbia) and four Northeast BC Treaty 8 First Nations (Halfway\nRiver First Nation, McLeod Lake Indian Band, Saulteau First Nations, West\nMoberly First Nations), each Nation participating directly or through wholly\nowned investment entities.\n\nFORWARD-LOOKING INFORMATION\nThis release contains certain information that is forward-looking and is\nsubject to important risks and uncertainties (such statements are usually\naccompanied by words such as \"anticipate\", \"expect\", \"believe\", \"may\", \"will\",\n\"should\", \"estimate\", \"intend\" or other similar words). Forward-looking\nstatements in this release include, without limitation, statements regarding:\nthe expected benefits of the transaction to participating Nations , including\nlong-term, predictable financial returns associated with TC Energy’s limited\npartner interest in CGL; timing of closing of a second Indigenous investment\ntransaction related to CGL; anticipated increase in pipeline transportation\ncapacity with Phase 2, and expectations regarding global demand for natural\ngas and the long-term value of Canadian LNG exports.\n\nOur forward-looking information is subject to important risks and\nuncertainties and is based on certain key assumptions. Forward-looking\nstatements and future-oriented financial information in this document are\nintended to provide TC Energy security holders and potential investors with\ninformation regarding TC Energy and its subsidiaries, including management's\nassessment of TC Energy's and its subsidiaries' future plans and financial\noutlook. All forward-looking statements reflect TC Energy's beliefs and\nassumptions based on information available at the time the statements were\nmade and as such are not guarantees of future performance. As actual results\ncould vary significantly from the forward-looking information, you should not\nput undue reliance on forward-looking information and should not use\nfuture-oriented information or financial outlooks for anything other than\ntheir intended purpose. We do not update our forward-looking information due\nto new information or future events, unless we are required to by law. For\nadditional information on the assumptions made, and the risks and\nuncertainties which could cause actual results to differ from the anticipated\nresults, refer to the most recent Quarterly Report to Shareholders and the\n2025 Annual Report filed under TC Energy's profile on SEDAR+ at\nwww.sedarplus.ca and with the U.S. Securities and Exchange Commission at\nwww.sec.gov and the \"Forward-looking information\" section of our Report on\nSustainability which is available on our website at www.TCEnergy.com.\n\n-30-\n\nMedia Inquiries:\nMedia Relations\nmedia@tcenergy.com\n403-920-7859 or 800-608-7859\n\nInvestor & Analyst Inquiries:\nInvestor Relations\ninvestor_relations@tcenergy.com\n403-920-7911 or 800-361-6522\n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/8556f9dc-628d-4b96-b417-8e547c752daf\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c05c8c3b-12a9-4ce9-ba6f-0cb790d639b9)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6R9lp0-20261013","title":"TC Energy announces Indigenous investment in Coastal GasLink","author":"Globe Newswire","ticker":"TRP","created":"2026-10-13T10:30:00.119Z","tickers":["TRP"],"exchange":"TSX","article_body":"British Columbia First Nations to share in the long-term economic benefits\nfrom Canadian energy infrastructure\n\nCALGARY, Alberta, Oct. 13, 2026 (GLOBE NEWSWIRE) -- TC Energy Corporation\n(TSX, NYSE: TRP) (TC Energy or the Company) today announced the closing of an\nagreement with FN CGL Pipeline Limited Partnership, an Indigenous-led\ninvestment entity representing five First Nations along the Coastal GasLink\n(CGL) corridor.\n\nThrough the agreement developed in collaboration with the participating\nNations, Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band,\nSaulteau First Nations and West Moberly First Nations will obtain an economic\ninterest in the entity that holds TC Energy’s limited partner interest in\nCGL. These communities are expected to benefit from long-term, predictable\nfinancial returns associated with TC Energy's limited partner interest in CGL.\n\nThis announcement is the first of two planned Indigenous investment\ntransactions related to CGL. A second transaction involving additional First\nNations is expected to close in Q4 2026.\n\nBuilt on more than a decade of partnership\n“This agreement turns years of partnership into long-term economic\nopportunity and shared prosperity,” said François Poirier, President and\nChief Executive Officer of TC Energy. “For decades, we have worked alongside\nIndigenous communities to advance economic opportunities through employment,\ncontracting, training and community investment. Today’s announcement\nreflects our commitment to advancing Indigenous economic participation by\nproviding opportunities for communities to generate predictable income and\ninvest in the priorities that matter most to them.”\n\nFN CGL Pipeline Limited Partnership was established by participating Nations\nto pursue the investment opportunity.\n\n\"Our participation in this transaction reflects years of work to build a\nstronger role for Indigenous Nations in Canada’s energy future,” said\nChief Roland Willson, West Moberly First Nations. “This investment framework\nrecognizes the importance of partnership, financial certainty and shared\nprosperity, while supporting our communities’ ability to make decisions\nabout our own economic future.”\n\nThe completion of the transaction reflects years of work by participating\nNations to establish and advance an Indigenous-owned and financed investment\nentity.\n\n“Canada is entering a generational investment supercycle in energy and\nnatural resources, and Indigenous ownership will be at the heart of it,”\nsaid the Honourable Tim Hodgson, Minister of Energy and Natural Resources.\n“I congratulate all partners on this agreement, which gives First Nations a\nmeaningful ownership stake in, and long-term benefits from, one of Canada’s\nmost important energy infrastructure projects. As we build infrastructure to\ndiversify our exports, reach new markets and strengthen Canada’s position as\na global energy superpower, partnerships like this will ensure that Indigenous\ncommunities are not just participants in our economic future, but owners and\nbeneficiaries of it.”\n\nA critical pathway for Canadian LNG exports\nAs operator and co-owner of CGL, TC Energy safely delivers 2.1 billion cubic\nfeet per day of Canadian natural gas to LNG Canada in Kitimat, B.C.,\nsupporting Canadian LNG exports to global markets. With the announcement of\nCGL Phase 2\n(https://www.tcenergy.com/announcements/2026/2026-09-29-coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision/),\nsystem capacity will nearly double, demonstrating the growing global demand\nfor natural gas and long-term value of Canadian LNG exports.\n\nTransaction advisors\nRBC Capital Markets acted as financial advisor to TC Energy and Blake, Cassels\n& Graydon LLP as legal counsel.\n\nFor FN CGL Pipeline Limited Partnership, Indigenous Wealth Finance Group Ltd.\nand PNL Consulting Inc. acted as business and financial advisors, and Cassels\nBrock & Blackwell LLP acted as legal counsel.\n\nAbout TC Energy\nWe are a leader in North American energy infrastructure, spanning Canada, the\nU.S. and Mexico. For over 75 years, we have proudly connected the\nworld to the energy it needs. Every day, we move more than 30 per cent of\nthe natural gas used across the continent and connect LNG exports to\nglobal markets — powering communities and industries. Complemented\nby strategic ownership and low-risk investments in power generation, our\ninfrastructure delivers affordable, reliable and\nsustainable energy across North America. \n\nWe carry forward a legacy of nation building energy infrastructure and\nstrong partnerships. By working with communities, businesses and leaders\nacross our extensive energy network, we create opportunities today\nand for generations to come. \n\nTC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE)\nstock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com\n(https://www.tcenergy.com/).\n\nAbout Coastal GasLink\nCoastal GasLink is Canada’s first direct pathway to global LNG export\nmarkets. It is a 670-kilometre (416-mile) natural gas pipeline that safely\ndelivers 2.1 Bcf/d of natural gas from northeastern British Columbia to the\nLNG Canada facility in Kitimat, B.C., where it is liquefied for export to\nglobal markets. The infrastructure is owned by Coastal GasLink Pipeline\nLimited Partnership, with TC Energy as the operator.\n\nAbout FN CGL Pipeline Limited Partnership\nFN CGL LP is a limited partnership created for specific investment purposes\nrepresenting the Haisla Nation (centered in Kitamaat Village on the west coast\nof British Columbia) and four Northeast BC Treaty 8 First Nations (Halfway\nRiver First Nation, McLeod Lake Indian Band, Saulteau First Nations, West\nMoberly First Nations), each Nation participating directly or through wholly\nowned investment entities.\n\nFORWARD-LOOKING INFORMATION\nThis release contains certain information that is forward-looking and is\nsubject to important risks and uncertainties (such statements are usually\naccompanied by words such as \"anticipate\", \"expect\", \"believe\", \"may\", \"will\",\n\"should\", \"estimate\", \"intend\" or other similar words). Forward-looking\nstatements in this release include, without limitation, statements regarding:\nthe expected benefits of the transaction to participating Nations , including\nlong-term, predictable financial returns associated with TC Energy’s limited\npartner interest in CGL; timing of closing of a second Indigenous investment\ntransaction related to CGL; anticipated increase in pipeline transportation\ncapacity with Phase 2, and expectations regarding global demand for natural\ngas and the long-term value of Canadian LNG exports.\n\nOur forward-looking information is subject to important risks and\nuncertainties and is based on certain key assumptions. Forward-looking\nstatements and future-oriented financial information in this document are\nintended to provide TC Energy security holders and potential investors with\ninformation regarding TC Energy and its subsidiaries, including management's\nassessment of TC Energy's and its subsidiaries' future plans and financial\noutlook. All forward-looking statements reflect TC Energy's beliefs and\nassumptions based on information available at the time the statements were\nmade and as such are not guarantees of future performance. As actual results\ncould vary significantly from the forward-looking information, you should not\nput undue reliance on forward-looking information and should not use\nfuture-oriented information or financial outlooks for anything other than\ntheir intended purpose. We do not update our forward-looking information due\nto new information or future events, unless we are required to by law. For\nadditional information on the assumptions made, and the risks and\nuncertainties which could cause actual results to differ from the anticipated\nresults, refer to the most recent Quarterly Report to Shareholders and the\n2025 Annual Report filed under TC Energy's profile on SEDAR+ at\nwww.sedarplus.ca and with the U.S. Securities and Exchange Commission at\nwww.sec.gov and the \"Forward-looking information\" section of our Report on\nSustainability which is available on our website at www.TCEnergy.com.\n\n-30-\n\nMedia Inquiries:\nMedia Relations\nmedia@tcenergy.com\n403-920-7859 or 800-608-7859\n\nInvestor & Analyst Inquiries:\nInvestor Relations\ninvestor_relations@tcenergy.com\n403-920-7911 or 800-361-6522\n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/8556f9dc-628d-4b96-b417-8e547c752daf\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c05c8c3b-12a9-4ce9-ba6f-0cb790d639b9)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-13T10:30:00.156251881Z","server_sent_at_ms":1791887400156},"received_at":"2026-10-13T10:30:00.309Z","source_url":null},"analysis":{"id":"155476","press_release_id":"167151","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"operations_update","narrative":"TC Energy closed an agreement with FN CGL Pipeline Limited Partnership giving five First Nations an economic interest in the entity holding TC Energy's limited partner interest in Coastal GasLink.\n\nThe participating Nations — Haisla, Halfway River, McLeod Lake Indian Band, Saulteau and West Moberly — are expected to receive long-term, predictable financial returns; a second Indigenous investment transaction is expected to close in Q4 2026.\n\nCGL delivers 2.1 Bcf/d of natural gas to LNG Canada in Kitimat, B.C., and announced Phase 2 expansion will nearly double system capacity. No financial terms of the transaction were disclosed.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Indigenous equity participation in Coastal GasLink de-risks the asset socially ahead of Phase 2 expansion; no financial terms disclosed."},"keyFigures":{"customDimensions":{"cgl_throughput":"2.1 billion cubic feet per day delivered to LNG Canada","pipeline_length":"670 kilometres (416 miles)","participating_nations":5,"second_transaction_expected":"Q4 2026"}},"quotedText":"This agreement turns years of partnership into long-term economic opportunity and shared prosperity","namedEntities":{"people":[{"name":"François Poirier","role":"President and CEO of TC Energy"},{"name":"Chief Roland Willson","role":"West Moberly First Nations"},{"name":"Tim Hodgson","role":"Minister of Energy and Natural Resources (Canada)"}],"products":["Coastal GasLink (CGL) pipeline"],"companies":[{"name":"TC Energy Corporation","ticker":"TRP","relationship":"filer/operator"},{"name":"FN CGL Pipeline Limited Partnership","relationship":"Indigenous-led investment entity"},{"name":"LNG Canada","relationship":"customer"},{"name":"RBC Capital Markets","relationship":"financial advisor to TC Energy"},{"name":"Blake, Cassels & Graydon LLP","relationship":"legal counsel to TC Energy"},{"name":"Indigenous Wealth Finance Group Ltd.","relationship":"advisor to FN CGL LP"},{"name":"PNL Consulting Inc.","relationship":"advisor to FN CGL LP"},{"name":"Cassels Brock & Blackwell LLP","relationship":"legal counsel to FN CGL LP"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Closing of an Indigenous investment transaction giving five First Nations an economic interest in TC Energy's limited partner interest in Coastal GasLink. No financial terms disclosed and no direct change to TRP's cash flows; a second transaction is expected in Q4 2026. It is a stakeholder-relations milestone rather than a market-moving event."},"tickerRelevance":{"others":[],"primary":"TRP"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"large-cap infrastructure","eventGravity":"stakeholder partnership closing, no financial terms","sectorWeight":"midstream energy","householdBrandBoost":0}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"neutral","material_impact_score":2,"narrative":"TC Energy closed an agreement with FN CGL Pipeline Limited Partnership giving five First Nations an economic interest in the entity holding TC Energy's limited partner interest in Coastal GasLink.\n\nThe participating Nations — Haisla, Halfway River, McLeod Lake Indian Band, Saulteau and West Moberly — are expected to receive long-term, predictable financial returns; a second Indigenous investment transaction is expected to close in Q4 2026.\n\nCGL delivers 2.1 Bcf/d of natural gas to LNG Canada in Kitimat, B.C., and announced Phase 2 expansion will nearly double system capacity. No financial terms of the transaction were disclosed.","key_figures":{"customDimensions":{"cgl_throughput":"2.1 billion cubic feet per day delivered to LNG Canada","pipeline_length":"670 kilometres (416 miles)","participating_nations":5,"second_transaction_expected":"Q4 2026"}},"named_entities":{"people":[{"name":"François Poirier","role":"President and CEO of TC Energy"},{"name":"Chief Roland Willson","role":"West Moberly First Nations"},{"name":"Tim Hodgson","role":"Minister of Energy and Natural Resources (Canada)"}],"products":["Coastal GasLink (CGL) pipeline"],"companies":[{"name":"TC Energy Corporation","ticker":"TRP","relationship":"filer/operator"},{"name":"FN CGL Pipeline Limited Partnership","relationship":"Indigenous-led investment entity"},{"name":"LNG Canada","relationship":"customer"},{"name":"RBC Capital Markets","relationship":"financial advisor to TC Energy"},{"name":"Blake, Cassels & Graydon LLP","relationship":"legal counsel to TC Energy"},{"name":"Indigenous Wealth Finance Group Ltd.","relationship":"advisor to FN CGL LP"},{"name":"PNL Consulting Inc.","relationship":"advisor to FN CGL LP"},{"name":"Cassels Brock & Blackwell LLP","relationship":"legal counsel to FN CGL LP"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T10:30:06.688Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"large-cap infrastructure","eventGravity":"stakeholder partnership closing, no financial terms","sectorWeight":"midstream energy","householdBrandBoost":0}},"durationMs":6343,"modelName":"glm-5.3-flashx"}}