White & Case Advises TC Energy on Planned Spin-Off of Liquids Pipelines Business to Create Two Premium Energy Infrastructure Companies

Global law firm White & Case LLP has advised TC Energy Corporation (TSX, NYSE: TRP) on its recently announced plan to spin off its Liquids Pipelines business. TC Energy plans to separate into two independent, investment-grade, publicly-listed companies through the spinoff of TC Energy's Liquids Pipelines business. The transaction is anticipated to be completed on a tax-free basis in the second half of 2024.

With over 70 years of experience, TC Energy is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and natural gas storage facilities.

The White & Case team was led by partners A.J. Ericksen, Charlie Ofner, Chad McCormick and Laura Katherine Mann (all in Houston), David Dreier, Henrik Patel (both in New York) and Serena Rwejuna (in Washington D.C.), counsels Claudette Druehl and Kenneth Barr (both in New York), and associates Neil Clausen, RJ Colwell, Bryson Manning, Jack Moxon, Brandon Dubov, Sadi Moradi, Sam McCombs and Richard McNulty (all in Houston).

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