TC Energy, an energy company, agreed to spin off into TC Energy post-Transaction, a natural gas and energy solutions company, and Liquids Pipelines Company, an energy infrastructure company. Financial terms were not disclosed. “This transformative announcement sets us up to deliver superior shareholder value for the next decade and beyond. Fundamentals have always driven our strategic direction, and as a result, we have grown into a premier energy company with incumbency across a wide range of energy infrastructure platforms. As we have become the partner of choice for a magnitude of accretive, high-quality opportunities, we have determined that as two separate companies we can better execute on these distinct opportunity sets to unlock shareholder value,” François Poirier, TC Energy President and CEO.