TC Energy names former CEO Hal Kvisle as chair of new liquids pipeline spinoff

Hal Kvisle speaks at the Global Business Forum in Banff, Alta., Thursday, Sept. 20, 2012. TC Energy Corp. is bringing back former chief executive Kvisle to serve as chair of the board of the the new liquids pipelines company it plans to spin off. THE CANADIAN PRESS/Jeff McIntosh

CALGARY — TC Energy Corp. is bringing back former chief executive Hal Kvisle to serve as chair of the board of the new liquids pipeline company it plans to spin off.

Kvisle was president and chief executive of TransCanada Corp., now named TC Energy, from 2001 to 2010.

TC Energy announced plans in July to split into two separate companies.

The plan will see TC Energy focus on natural gas infrastructure as well as nuclear, pumped hydro energy storage and new energy opportunities, while the new liquids pipeline company will focus on enhancing the value of its existing 4,900 kilometres of crude oil pipelines.

The new liquids pipeline business will be publicly traded and will be headquartered in Calgary, with an office in Houston.

The split is expected to be complete by the end of 2024.

This report by The Canadian Press was first published Oct. 12, 2023.

Companies in this story: (TSX:TRP)

The Canadian Press

News from © The Canadian Press, 2023. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• 0060 Arizona Lithium Lease building
  0060 Arizona Lithium Lease building
• 0059 Southeast College Heavy Equipment Operator
  0059 Southeast College Heavy Equipment Operator
• 0058 Royal Helium Steveville opens anonymous rocket
  0058 Royal Helium Steveville opens anonymous rocket
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0015 Latus Viro
  0015 Latus Viro
• 0052 Predator Inspections
  0052 Predator Inspections
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0046 City of Estevan This is Estevan
  0046 City of Estevan This is Estevan
• 0043 ALX ten sizes
  0043 ALX ten sizes
• 0039 Summit ESP Saskatchewan lower third
  0039 Summit ESP Saskatchewan lower third
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 9001
• 0002