Canadian energy giant backs $1.5B pipeline expansion in the U.S.

TC Energy Corp. says it has closed its previously announced sale of a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.3 billion. The Keystone Steele City pumping station is seen in Steele City, Neb., Tuesday, Nov. 3, 2015.

CALGARY — TC Energy Corp. announced plans to expand its Columbia Gas system in the U.S. as it reported $899 million in net income attributable to common shareholders for its first quarter, down from $978 million a year earlier.

The pipeline company says the profit amounted to 86 cents per share for the quarter ended March 31, down from 94 cents per share in the first quarter of 2025.

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TC Energy says it comparable earnings for its latest quarter amounted to 99 cents per share, up from 95 cents per share a year earlier.

Revenue for the quarter totalled $3.86 billion, up from $3.62 billion in the same quarter last year.

TC Energy’s Columbia Gas system extends from New York state to the Midwest and Southeast.

The Appalachia Supply Project is estimated to cost US$1.5 billion and is expected to enter service in 2030.

This report by The Canadian Press was first published May 1, 2026.