Tran­sCanada seeks name change to TC En­ergy

Tran­sCanada Corp. in­tends to change its name to TC En­ergy. The com­pany will seek share­holder ap­proval for the name change at its next share­hold­ers meet­ing.

Stockwatch Daily - - FRONT PAGE - Mr. Russ Gir­ling re­ports

TRAN­SCANADA CORP. in­tends to change its name to TC En­ergy to bet­ter re­flect the scope of the com­pany’s op­er­a­tions as a lead­ing North Amer­i­can en­ergy in­fra­struc­ture com­pany. 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.

“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.”

The pro­posed name change was an­nounced at the kick­off to the com­pany’s an­nual em­ployee fo­rum se­ries that be­gan to­day in Mex­ico City. The se­ries in­cludes face-to-face events for em­ploy­ees and con­trac­tors in Canada, the United States and Mex­ico.

“While our strat­egy and pri­or­i­ties re­main the same, we be­lieve the new name will help to fur­ther unite our em­ploy­ees and en­able us to bet­ter con­nect with our di­verse stake­hold­ers,” Mr. Gir­ling said. “Whether they know us as TC En­ergy in English, TC En­ergie in French or TC En­er­gia 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.”

Sub­ject to share­holder and reg­u­la­tory ap­proval, the name change will be ef­fec­tive im­me­di­ately fol­low­ing the an­nual and spe­cial meet­ing of share­hold­ers in the se­cond quar­ter of 2019. Tran­sCanada in­tends to con­tinue trad­ing un­der TRP on the Toronto and New York stock ex­changes af­ter adopt­ing the new name.

We seek Safe Har­bor.

Kevin E Ben­son, Stephan D Cretier, Rus­sell K Gir­ling, Steven Barry Jack­son, Randy L Lim­bacher, John Ed­ward Lowe, Paula Rosput Reynolds, Mary Pat Salomone, Indira V Sa­ma­rasek­era, Don­ald Michael God­frey Ste­wart, Siim A Vanaselja, Thierry Van­dal

(TRP) Shares: 918,021,065

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.