On January 9, 2019, we announced our intention to change our name to TC Energy to better reflect the scope of our operations and to reinforce our position as a leading North American energy infrastructure company, pending shareholder approval at the next Annual and Special meeting of Shareholders this spring. Read more below or in our news release.
“While our strategy and priorities remain the same, we believe the new name will help to further unite our employees and will enable us to better connect with our diverse stakeholders. Whether they know us as TC Energy in English, TC Énergie in French, or TC Energía in Spanish, the communities where we operate can continue to count on us to follow through on our commitments and live up to our values of Safety, Integrity, Responsibility and Collaboration in everything we do.”
— Russ Girling, President and CEO
TransCanada was founded in 1951 to develop the TransCanada Pipeline (now the Canadian Mainline) to ship natural gas from Western Canada to markets in the east. Since then, we have built a rich history delivering energy safely and reliably from where it’s produced to where it's needed.
Today, we are still the company we were back then, but the role we’ve quietly played in fulfilling society’s thirst for all forms of energy has grown significantly. We continue to deliver the energy that millions of people rely on every day – but our complete business now includes pipelines, power generation and energy storage operations, with our footprint extending across the continent.
Tomorrow, who will we be?
We will still be leaders in the safe and reliable delivery of the energy required to keep the lights on, buildings warm and society moving forward.
The name TC Energy is a clearer articulation of our complete business, from pipelines to power generation to energy storage operations. It also reflects our growth into an enterprise that has assets and employees across North America and continues to grow.
Our people are our greatest resource, and with employees stretching over seven provinces in Canada, 34 states in the U.S. and seven states in Mexico, we want our name to reflect the diversity that makes us who we are today, whether it’s TC Energy, TC Énergie or TC Energía.
Changing the name of the corporation is subject to the approval of our shareholders, who will be asked to support the name change in a special resolution at our Annual and Special Meeting of Shareholders this spring. The new name will not come into effect until after a positive shareholder vote.
No, we will retain the TRP stock ticker symbol on both the Toronto and New York stock exchanges.
No, we will continue to be a Canadian-based corporation and our headquarters will continue to be in Calgary.
We have approximately 7,000 employees across North America. Approximately 3,500 are in Canada, 3,200 are in the U.S. and 300 are in Mexico.
Renaming the corporation is subject to the approval of our shareholders, along with Corporations Canada and the TSX and NYSE. TransCanada’s shareholders will be asked to approve a special resolution to change the name at the next Annual and Special Meeting of Shareholders. We require the support of two-thirds of the shareholders who cast votes on this resolution.
TC reflects our origins as TransCanada Pipelines. We’ve added ‘Energy’ to our name to be more representative of our complete business, which includes pipelines, power generation and energy storage operations.