Unregulated Natural Gas Storage

Overview

TC Energy Gas Storage Partnership manages a portfolio of strategically located natural gas storage facilities in Alberta, Canada, connected to the Nova Inventory Transfer (NIT) market hub via the NGTL System. These are the Crossfield and Edson Gas Storage facilities.

The geographic diversity of our capacity and our financial stability enables us to provide the most reliable service in Alberta.

TC Energy believes the long-term market fundamentals for natural gas storage are strong. Storage will continue to serve market needs as fundamental trends, such as increasing supply and gas powered generation evolve.

TC Energy’s non-regulated gas storage business is operated independently from its regulated affiliates.

Services

TC Energy offers a broad range of competitively priced storage designed to suit individual requirements. Our customers, including marketers, utilities, aggregators and producers, typically use storage to provide supply security and operational balancing, as well as risk management and price arbitrage.

Our typical services may include:

• Cycling rates up to 3.0 cycles/year
• Contract terms from one month to 20 years
• Rights to extend term or increase capacity
• Peaking and short notice delivery services
• Short-term Market Centre park and loan transactions

Storage service rates are fully negotiated based on the level of service provided. All non-regulated gas storage is connected to the Alberta NIT market hub.

We are committed to providing superior customer service to meet the growing needs of our customers. TC Energy utilizes a user-friendly online nomination system that allows customers to submit nominations, calculate allowed injection or withdrawal rights, and generate historical reports.

In addition, customers have access to the marketing and operations desk via phone, email and instant messenger.

Contracts

TC Energy uses industry standard practices to contract for gas storage and services. The first step to entering a storage contract involves execution of a "Master Storage Agreement".

The second step is a credit review to ensure financial assurances are adequate. With documentation and credit in place, a confirmation is generated for each agreed upon gas storage or service transaction.

For more information on contracting for service with TC Energy, please contact one of TC Energy's marketing representatives.