Company: TCPA
Filing Date: 2025-02-19
Form Type: SUPPL
Source: 0001193125-25-029207
Chunk: 7

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-19
Form: SUPPL
Chunk 7
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| • |     | commitments and targets contained in our Report on Sustainability and GHG Emissions Reduction Plan, including 
 statements related to our GHG emissions intensity reduction goals; and                                        |

| • |     | expected industry, market and economic conditions, and ongoing trade negotiations, including their impact on our 
 customers and suppliers.                                                                                         |

This forward-looking information reflects our beliefs and assumptions based on information available at the time the information was stated and, as such, is not a guarantee of future performance. By its nature, forward-looking information is subject to various assumptions, risks and uncertainties which could cause our actual results and achievements to differ materially from the anticipated results or expectations expressed or implied in such information. Key assumptions on which our forward-looking information is based include, but are not limited to, assumptions about:

| • |     | realization of expected benefits from acquisitions and divestitures, including the Spinoff Transaction; |

| • |     | regulatory decisions and outcomes; |

| • |     | planned and unplanned outages and the utilization of our pipelines, power and storage assets; |

| • |     | integrity and reliability of our assets; |

| • |     | anticipated construction costs, schedules and completion dates; |

| • |     | access to capital markets, including portfolio management; |

| • |     | expected industry, market and economic conditions, including the impact of these on our customers and suppliers; |

| • |     | inflation rates, commodity and labor prices; |

| • |     | near and long-term impacts of tariffs or other changes in trade policies; |

| • |     | interest, tax and foreign exchange rates; and |

| • |     | nature and scope of hedging. |

The risks and uncertainties that could cause actual results or events to differ materially from current expectations include, but are not limited to:

| • |     | realization of expected benefits from acquisitions and divestitures, including the Spinoff Transaction; |

| • |     | our ability to successfully implement our strategic priorities, including the Focus Project, and whether they 
 will yield the expected benefits;                                                                             |

| • |     | our ability to implement a capital allocation strategy aligned with maximizing shareholder value; |

| • |     | operating performance of our pipelines, power generation and storage assets; |

| • |     | amount of capacity sold and rates achieved in our pipeline businesses; |

| • |     | amount of capacity payments and revenues from power generation assets due to plant availability; |

| • |