SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of July 2024

Commission File No. 1-31690

TC Energy Corporation
(Translation of Registrant's Name into English)

450 – 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada
(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F                      ☐                      Form 40-F                      ☑


Exhibit 99.1 to this report, furnished on Form 6-K, is furnished, not filed, and will not be incorporated by reference into any registration statement filed by the registrant under the Securities Act of 1933, as amended.





EXHIBIT INDEX







SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:    July 30, 2024

TC ENERGY CORPORATION
By:
 /s/ Christine R. Johnston
Christine R. Johnston
Vice-President, Law and Corporate Secretary


NewsRelease TC Energy announces Canada’s largest Indigenous equity ownership agreement Made possible by the Alberta Indigenous Opportunities Corporation, the partnership enables Indigenous Communities to own part of Canada’s largest natural gas pipeline network, while creating shareholder value and progressing TC Energy’s strategic priorities CALGARY, AB – July 30, 2024 – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce an equity interest purchase agreement (Agreement) with an Indigenous- owned investment partnership for a minority equity interest of 5.34 per cent in the NGTL System and the Foothills Pipeline assets (together, Partnership Assets) for a gross purchase price of $1 billion. The Agreement is backed by the Alberta Indigenous Opportunities Corporation (AIOC) and was negotiated by a consortium committee (Consortium) representing specific Indigenous Communities (Communities) across Alberta, British Columbia and Saskatchewan. This results in an implied enterprise value of approximately $1.65 billion, inclusive of the proportionate share of the Partnership Assets’ collective debt. This historic partnership will enable up to 72 Indigenous Communities closest to the Partnership Assets to become equity owners in the 25,000-kilometre highly integrated network of natural gas infrastructure assets spanning western Canada. Investment in these critical energy assets delivers access to long-term revenue sources that will help create meaningful change for Indigenous Communities. “Indigenous ownership is the path to a more prosperous nation. As owners, Indigenous Communities will have resources to invest for the future and greater economic sovereignty. The Alberta Indigenous Opportunities Corporation is leading the world with its innovative approach to supporting Indigenous economic opportunity. TC Energy is proud to be a part of this historic agreement,” said François Poirier, TC Energy’s President and Chief Executive Officer. A leading Indigenous loan guarantee program The Agreement will create a pathway for equity participation that builds upon TC Energy’s long history of fostering positive and meaningful relationships with Indigenous peoples. Loan guarantees, such as the one presented by the AIOC, are instrumental in supporting inclusive participation in Canada’s critical energy assets. The AIOC will provide the Communities with a $1 billion equity loan guarantee to support the newly-formed Indigenous-owned investment partnership. Once finalized, the Communities will enter into definitive agreements as co-investors in the Partnership Assets through the Indigenous-owned investment partnership. “In only four years, the Alberta Indigenous Opportunities Corporation has truly made an impact for Indigenous communities. This newest agreement builds on earlier successes and shows Canada and the world that energy partnerships with First Nations and Métis peoples are both desired and possible. I’m thrilled to celebrate this agreement and look forward to the next steps that will ensure more Indigenous communities are true partners in prosperity.” Honourable Danielle Smith Premier of Alberta “Alberta continues to lead on economic reconciliation with Indigenous Peoples. It’s so exciting to see this historic investment partnership come together thanks to an unprecedented loan guarantee from the AIOC. EXHIBIT 99.1


 
This will create significant new long-term revenue streams for the Indigenous Communities involved. The AIOC continues to break down barriers and build bridges by supporting Indigenous ownership and inclusion in Alberta’s biggest projects. Many thanks to all the partners involved for working tirelessly to make this a reality.” Honourable Rick Wilson Minister of Indigenous Relations, Government of Alberta “AIOC is proud to support this partnership with Communities across Alberta, British Columbia and Saskatchewan with a $1 billion loan guarantee to facilitate this landmark investment. This transaction marks a profound step toward economic reconciliation, providing an unmatched opportunity for sustainable growth and prosperity for the participants. We extend our deepest gratitude and congratulations to the Indigenous consortium committee, TC Energy and the Government of Alberta for their roles in making this possible and look forward to advancing together in reconcili-action and prosperity.” Chana Martineau CEO, Alberta Indigenous Opportunities Corporation Building meaningful partnerships through project equity The Consortium consists of members appointed by the Communities to represent their unique interests throughout the partnership discussions. The Consortium, along with the AIOC and TC Energy, have shaped a partnership focused on a mutually-beneficial future within Canada's resource economy. “The Consortium Committee, tasked with negotiating this transaction, deserves notable credit for significantly improving the terms of this deal. As a result, we anticipate that the Indigenous investors will benefit from this partnership for some years to come. We appreciate the efforts of all parties involved. I also give much thanks to the Consortium Committee for placing their trust in me to serve as their Chair." Chief Isaac Twinn Consortium Committee Chairman and Chief of Sawridge FN, Treaty 8 To further reinforce the significance of this relationship and the importance of ongoing dialogue, a member of the participating Communities will be invited to join TC Energy’s Indigenous Advisory Council (IAC). The IAC was formed in 2021 to guide the Company’s executive leadership team on reconciliation-related initiatives to support resilient Indigenous Communities. "Today’s announcement is about advancing economic opportunities for Indigenous participation through equity ownership – something that Indigenous communities have been asking for. The NGTL and Foothills assets have a longstanding presence in our communities – from our relatives who helped construct it, to our youth who are training to operate it. This equity partnership agreement represents a significant evolution in TC Energy’s relationship with Indigenous Peoples and marks substantial progress on the industry’s broader journey toward advancing reconciliation. We look forward to welcoming a new member to the IAC from this partnership, to bring another important voice to our collective efforts." Raylene Whitford Chair, TC Energy’s Indigenous Advisory Council Critical natural gas infrastructure As an essential part of TC Energy’s pipeline network, the Partnership Assets play a vital role in reliable energy transportation across North America. These systems are critical infrastructure that connect approximately 80 per cent of natural gas production from the Western Canadian Sedimentary Basin – one of the world's largest natural gas reserves – to both domestic and export markets. The Partnership Assets, which are underpinned by federal rate-regulation, are expected to provide enduring value through predictable and long-term cash flows.


 
Transaction details Now that the agreement has the support of the AIOC and the Consortium, the Consortium will present the agreement to Communities for review. Each independent Community will determine their participation in the opportunity, exercising their right to self-determination. Following the review, the Communities will commence formal authorization of their participation. The transaction and transaction size are not contingent on any given Community, nor on all Communities, electing to participate. The transaction is expected to close in the third quarter of 2024, subject to receipt of Band Council and Settlement Resolutions by participating Communities and financing. CIBC Capital Markets acted as financial advisor to TC Energy and Osler, Hoskin & Harcourt LLP as legal counsel. TD Securities acted as financial advisor to the Indigenous-owned investment partnership and Borden Ladner Gervais LLP as legal counsel. News conference Members of the media are invited to attend a news conference in person or via teleconference. The event will be live streamed at http://www.alberta.ca/news. When: Tuesday, July 30, 2024. Arrival by: 12:30 p.m. MDT. Event: 1 – 2 p.m. MDT Where: TC Energy Tower – 450 1 Street SW, Calgary AB Who: Danielle Smith, Premier of Alberta François Poirier, President and Chief Executive Officer, TC Energy Chana Martineau, Chief Executive Officer, Alberta Indigenous Opportunities Corporation Makiinima, Chief Roy Fox, Kainai, Blood Tribe, Consortium Committee Lee Thom, Councillor, Kikino Metis Settlement, Consortium Committee How: To attend in person, RSVP to media@tcenergy.com with the names of media and crew attending. Deadline to register is 11 a.m. MDT, Tuesday, July 30, 2024. To attend via teleconference: Toll Free dial-in: 1-800-717-1738 Conference ID: 18896 • Reporters must provide their conference ID, name, affiliation, and telephone number to the conference operator • Reporters are encouraged to dial in 15 minutes early to ensure participation • Participants will be able to hear all questions and responses o To ask a question: Press *1 o To exit question queue: Press *2 About TC Energy We’re a team of 7,000+ energy problem solvers working to safely move, generate and store the energy North America relies on. Today, we’re delivering solutions to the world’s toughest energy challenges – from innovating to deliver the natural gas that feeds LNG to global markets, to working to reduce emissions from our assets, to partnering with our neighbours, customers and governments to build the energy system of the future. It’s all part of how we continue to deliver sustainable returns for our investors and create value for communities. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com. FORWARD-LOOKING INFORMATION This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe",


 
"may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future- oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov. -30- Media Inquiries: Media Relations media@tcenergy.com 403-920-7859 or 800-608-7859 Investor & Analyst Inquiries: Gavin Wylie / Hunter Mau investor_relations@tcenergy.com 403-920-7911 or 800-361-6522


 

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