TRP. TC Energy Corporation

TC Energy Awards More Than $1.6 billion in American Contracts to Build Keystone XL, Project to Create Over 8,000 Union Jobs in 2021

TC Energy Awards More Than $1.6 billion in American Contracts to Build Keystone XL, Project to Create Over 8,000 Union Jobs in 2021

HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) has awarded more than US$1.6 billion worth of contracts to six major American union contractors to execute pipeline construction across 800 miles in three states in the U.S. on the Keystone XL Pipeline in 2021.

The six contractors will be directly responsible for hiring more than 7,000 union workers in 2021, with special emphasis placed on hiring locally first and giving priority to qualified local and Indigenous-owned businesses. When combined with additional 2021 contracts to be announced later, the total number of American union workers constructing Keystone XL in 2021 will exceed 8,000 and $900 million in gross wages. In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.

“The awarding of 2021 U.S. construction contracts shows the continued momentum behind Keystone XL. The dedicated members of the Operating Engineers are eager and ready to build this critical piece of modern North American energy infrastructure to the highest quality standards,” said James T. Callahan, General President of the International Union of Operating Engineers. “The 8,000 American union jobs that come with 2021 construction is welcome news and irreplaceable as the U.S. continues our economic recovery.”

The companies awarded contracts include:

“With construction activities well underway in both the U.S. and Canada, Keystone XL is already playing a critical role in contributing to North America's economic recovery,” said Richard Prior, President, Keystone XL Pipeline. “The selection of our U.S. construction contractors for 2021 is an important next step in employing thousands more American union workers and delivering tangible benefits to local communities and businesses.”

These contractors have extensive experience constructing pipeline and major infrastructure projects in the U.S. and around the world. The contractors were chosen based on TC Energy’s core principles of safety, environmental stewardship and stakeholder engagement along with their financial strength, technical design expertise and contract competitiveness.

“Barnard Pipeline is very excited and honored to receive the official award on Keystone XL. As a Montana contractor, we are proud to build this important project in our great state and to help ensure energy independence for our nation. We believe our reputation for integrity, safety and quality will meet the expectations of the property owners, communities and TC Energy,” said Marty Jorgensen, President, Barnard Pipeline.

Keystone XL remains as critical as ever to meeting today’s economic and energy security needs. The project has announced several significant developments in recent months, including commencing construction and as an equity partner, signing a with four major American unions and creating a US$10 million Green Jobs Training Fund, and offering across North America. This is in addition to more than $90 million being recorded in the U.S. to date in local and Indigenous spend through TC Energy and the company’s various contractors and suppliers.

Keystone XL highlights

  • Advances North American energy security
  • Committed to a greener future by creating $10 million clean energy training fund
  • Established Indigenous communities as long-term partners
  • Creating approximately 13,000 high-paying union jobs in the U.S. and Canada
  • Supporting over 60,000 jobs across North America

For additional information on the project, visit .

About TC Energy



We are a vital part of everyday life - delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our more than 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at .

-30-

TC Energy Media Inquiries:

Terry Cunha

403.920.7859 or 800.608.7859

TC Energy Investor & Analyst Inquiries:

David Moneta / Hunter Mau

403.920.7911 or 800.361.6522

PDF available: 

EN
28/10/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TC Energy Corporation

 PRESS RELEASE

TC Energy announces closing of US$350 million Junior Subordinated Note...

TC Energy announces closing of US$350 million Junior Subordinated Notes Offering by TransCanada PipeLines Limited and redemption of Cumulative Redeemable First Preferred Shares, Series 11 CALGARY, Alberta, Oct. 09, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that TransCanada PipeLines Limited (TCPL) has closed an offering of US$350 million of 6.250 per cent Fixed-for-Life Junior Subordinated Notes due Nov. 1, 2085 (Notes). The Notes were offered through a syndicate of underwriters, co-led by Morgan Stanley & Co....

 PRESS RELEASE

TC Energy announces consideration of U.S. Junior Subordinated Notes Of...

TC Energy announces consideration of U.S. Junior Subordinated Notes Offering by TransCanada PipeLines Limited CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that TransCanada PipeLines Limited (TCPL) is considering an offering of U.S. Junior Subordinated Notes (Notes). If a successful offering is completed, the Company intends to use the net proceeds to redeem its issued and outstanding Cumulative Redeemable First Preferred Shares, Series 11 (TSX:TRP.PR.G) pursuant to their terms, to redu...

 PRESS RELEASE

TC Energy declares quarterly dividends

TC Energy declares quarterly dividends CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced that its Board of Directors (Board) has declared a quarterly dividend of $0.85 per common share for the quarter ending Sept. 30, 2025, on the Company’s outstanding common shares. The common share dividend is payable on Oct. 31, 2025, to shareholders of record at the close of business on Sept. 29, 2025. The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as fol...

 PRESS RELEASE

TC Energy reports strong second quarter 2025 operating and financial r...

TC Energy reports strong second quarter 2025 operating and financial results Solid execution and asset performance support higher 2025 financial outlook Market fundamentals drive customer demand for incremental capacity projects CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its second quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, "Our commitment to safety and operational excellence continues to drive strong reliability, availability and financial perf...

 PRESS RELEASE

TC Energy to issue second quarter 2025 results on July 31

TC Energy to issue second quarter 2025 results on July 31 CALGARY, Alberta, July 10, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will hold a teleconference and webcast on Thursday, July 31, 2025, to discuss its second quarter financial results. François Poirier, TC Energy President and Chief Executive Officer, Sean O’Donnell, Executive Vice-President and Chief Financial Officer and other members of the executive leadership team will discuss the financial results and Company developments at 6:30 a.m. MT / 8:30 a.m. ET. Members...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch