TC Energy CEO Russ Girling says the name change will better reflect the “breadth of our business and acknowledges our proud history of safely and responsibly delivering the energy that millions of North Americans rely on every day”. The Canadian Press photo by Mike Ridewood.
TC Energy name change announced at Employee Forum series in Mexico City
On Wednesday, TransCanada Corporation announced it will change its name to TC Energy. The company says the switch will highlight the scope of its North American energy infrastructure operations.
“TC Energy better reflects the breadth of our business and acknowledges our proud history of safely and responsibly delivering the energy that millions of North Americans rely on every day,” said Russ Girling, TransCanada’s president and chief executive officer.
“We believe the name TC Energy clearly articulates our complete business – pipelines, power generation and energy storage operations – and reflects our continued continental growth into an enterprise with critical assets and employees in Canada, the United States and Mexico.”
According to the company, the proposed name change was announced at the kick-off to the annual Employee Forum series in Mexico City on Wednesday.
Girling says the company’s strategy and priorities will remain the same despite the name change. He adds “we believe the new name will help to further unite our employees and 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.”
The change is subject to shareholder and regulator approval. TransCanada’s shareholders will be asked to approve a special resolution to change the name at the company’s next Annual and Special Meeting of Shareholders in the second quarter of this year.
TransCanada intends to continue trading under “TRP” on the Toronto and New York stock exchanges after adopting the new name.