CALGARY, Alberta—TransCanada Corp. (NYSE: TRP) Jan. 9 announced its intention 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 CEO. “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 kick-off to the company’s annual Employee Forum series that began Jan. 9 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,” Girling said. “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.”
Subject to shareholder and regulatory approval, the name change will be effective immediately following the Annual and Special Meeting of Shareholders in second-quarter 2019. TransCanada intends to continue trading under “TRP” on the Toronto and New York stock exchanges after adopting the new name.
Halliburton Launches National Data Repository for Norwegian Petroleum Directorate
2023-06-01 - Halliburton’s Diskos 2.0 National Data Repository is equipped to handle over 28 petabytes of E&P data for the Norwegian Petroleum Directorate.
From Siloed to Optimized: How Exxon Mobil Juiced Its Technology Approach
2023-05-16 - One year after integrating technology and engineering functions, the supermajor’s EMTEC encourages collaboration and improves problem solving.
Artificial Intelligence Dreams Up a New Era in Energy
2023-05-02 - At Cognite’s Generative AI for Industry Summit, industry experts discussed new uses for artificial intelligence and how it could impact the energy industry.
Solving the Sludge Problem
2023-05-25 - Greentech company Envorem’s new waste management technology offers sustainable and cheap sludge solutions.
Baker Hughes CEO on ‘Unsung Hero’ of the Energy Transition
2023-05-19 - Experts, including Baker Hughes Chairman and CEO Lorenzo Simonelli, called for increased collaboration and more investment in digital tech during the AWS Energy Symposium.