BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - TC Energy Corporation (TRP, TRP.TO) and
its partner Northern New England Investment Company, Inc., a subsidiary of
Energir L.P., have entered into a purchase and sale agreement to sell Portland
Natural Gas Transmission System to BlackRock, through a fund managed by its
Diversified Infrastructure business, and investment funds managed by Morgan
Stanley Infrastructure Partners, for a gross purchase price of $1.14 billion.
The transaction generates pre-tax cash equity proceeds of approximately $545
million net to TC Energy.

Portland Natural Gas Transmission System is a 475-kilometer FERC-regulated
transporter of natural gas serving the upper New England and Atlantic Canada
markets.



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