TC Energy now expects comparable EBITDA to be approximately 8% higher than 2022. Provides expected comparable EBITDA growth outlook of 5%-7% from 2023 to 2024, excluding any potential impact of its asset divestiture program, and prior to giving effect to the spinoff, expected to take place in the second half of 2024. TC Energy also expects to advance an incremental $3B of asset sales next year and reaffirms its commitments to achieve its 4.75x debt-to-EBITDA upper limit by the end of 2024 and maintain its targeted $6B-$7B annual net capital spending in 2025 and beyond. The company will further high-grade its capital allocation toward low-risk opportunities that strengthen its core businesses, including developing commercial constructs with risk mitigations and appropriately sharing cost, schedule and regulatory risk. Expects to deliver approximately 7% comparable EBITDA growth from its natural gas and power businesses between 2023 and 2026.
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