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TC Energy commences collection of tolls on Southeast Gateway pipeline
Globenewswire· 2025-06-27 11:00
Core Insights - TC Energy Corporation has begun collecting tolls from the Comisión Federal de Electricidad (CFE) for the Southeast Gateway pipeline and has received timely payment for May [1] - The Southeast Gateway pipeline, with a capacity of 1.3 Bcf/d and spanning 715 kilometers, was completed approximately 13% under the original cost estimate of US$3.9 billion [2][8] - The successful completion of the pipeline demonstrates the commitment of TC Energy, CFE, and the Ministry of Energy (SENER) to support Mexico's growing energy demands and economic development [3] - The Mexican government plans to add around 8.5 gigawatts of new capacity from natural gas power plants, positioning the Southeast Gateway pipeline as a crucial asset in this initiative [4] Company Overview - TC Energy operates a vast network of natural gas infrastructure, employing over 6,500 energy professionals to connect global energy needs [5] - The company is involved in moving, generating, and storing energy, delivering it to homes and businesses across North America and through LNG exports [5] - TC Energy's common shares are traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP [6]