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TC Energy Corporation (TRP) Q1 2021 Earnings Call Transcript


TC Energy Corporation (TRP) Q1 2021 Earnings Call Transcript
Motley Fool Transcribers
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TC Energy Corporation (NYSE: TRP)
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Operator
Thank you for standing by. This is the conference operator. Welcome to the TC Energy First Quarter 2021 Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to David Moneta, Vice President, Investor Relations. Please go ahead.SPONSORED:
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TC Energy reports $1.1-billion net loss after $2.2-billion writedown on Keystone XL | iNFOnews


Dan Healing
The Keystone Steele City pumping station, into which the planned Keystone XL pipeline was to connect into, in Steele City, Neb., Nov. 3, 2015. TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline. THE CANADIAN PRESS/AP-Nati Harnik
May 07, 2021 - 2:09 PM
CALGARY - TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.
The charge is net of expected cash recoveries from contracted shippers and a sale of recoverable pipeline assets, but will eventually be further reduced by recoveries from the government of Alberta s investment and loan guarantees for the project, the Calgary-based company said. ....

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