2022 Investor Day Presentation
VIRTUAL POWER PURCHASE
AGREEMENTS (vPPA)
Earning incremental returns
through decarbonization
solutions
RECS*
Ди
لكمما
+
FLOATING
FIXED PRICE $
PRICES
Multiple revenue streams:
EXTERNAL CUSTOMERS
+ KEYSTONE PIPELINE
•
Earning a margin by providing risk management strategies to
our customers
• Potential to earn incremental returns through the sale of
renewable energy credits (RECs)
• Option to take equity participation at Commercial Operations
Date (COD)
RECS
+
FLOATING PRICE S
FIXED PRICE $
TC Energy
PROJECT DEVELOPER
MEGAWATT HOURS
FLOATING PRICE $
Illustrative example
of VPPA structure
B
ISO
*Renewable energy credits
•
•
.
Providing environmental benefits
Renewable power solution to decarbonize electricity
consumption of internal and external customers.
Investment-grade counterparty and long-term contract ensures
project build, adding renewable energy to the grid
While mitigating risks
Diversified portfolio across technologies, jurisdictions,
commercial structures and customers
Sold on an 'as-generated' basis
No project development risk
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