Company: TNCAF
Filing Date: 2025-06-18
Form Type: 11-K
Source: 0001232384-25-000054
Chunk: 2

Company: TC ENERGY CORP
Filing Date: 2025-06-18
Form: 11-K
Chunk 2
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’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Caron & Bletzer, PLLC

We have served as the Plan’s auditor since 2016

Kingston, NH

June 18, 2025

TransCanada 401(k) and Savings Plan 1

Statements of net assets available for benefits

| December 31 (thousands of U.S. dollars) |     |           | 2024 |     |         | 2023 |
| Assets                                  |     |           |      |     |         |      |
| Investments at fair value (Note 3)      |     | 1,107,054 |      |     | 980,076 |      |
| Notes receivable from participants      |     |    15,289 |      |     |  15,134 |      |
| Employer contribution receivable        |     |     1,511 |      |     |   1,278 |      |
| Other receivables (Note 4)              |     |         — |      |     |      10 |      |
|                                         |     | 1,123,854 |      |     | 996,498 |      |
| Liabilities                             |     |           |      |     |         |      |
| Accrued management fees                 |     |         1 |      |     |      91 |      |
| Other liabilities (Note 4)              |     |         7 |      |     |       — |      |
|                                         |     |         8 |      |     |      91 |      |
| Net Assets Available for Benefits       |     | 1,123,846 |      |     | 996,407 |      |

The accompanying notes to the financial statements are an integral part of these statements.

TransCanada 401(k) and Savings Plan 2

Statement of changes in net assets available