2022 Investor Day Presentation

BRUCE POWER Extending life and increasing capacity without new infrastructure Major Component Replacement (MCR) program and Asset Management progressing, on-time and on-budget 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Unit 6 Unit 3 Unit 4 Unit 5 Unit 7 Unit 8 Project 2030 is the equivalent to adding a ninth generating unit MW (NET PEAK) 7,200 7,150 7,160 7,060 7,060 7,000 6,975 6,975 6,800 6,740 6,790 6,810 6,600 6,490 6,534 6,580 6,580 6,595 6,590 + PAST AND FUTURE INVESTMENT ⚫TC Energy has invested $2.3 billion • into Bruce Power since 2015 $2.3 billion planned to finish MCR6 and MCR3 and fund the current Asset Management work through 2024 • $4.8 billion is planned for refurbishment of Units 4, 5, 7 and 8, and the Asset Management work beyond 2024 + GOAL OF ACHIEVING PEAK SITE OUTPUT OF 7,000 MW BY 2033 Continued asset optimization, innovations and leveraging new technology By 2033, an additional ~600 MW is enough to power over half a million homes 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Source: Bruce Power. Project 2030 represents 100% of Bruce Power facility. 81

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