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TC Energy sets growth sights on U.S. data centre boom

On Feb. 13, 2026, TC Energy Corp. proposed expansions to Columbia Gas Transmission and Crossroads Pipeline systems to serve U.S. data centres after offering 500,000 mmbtu per day in an open season that drew triple bids.
Because data centres need large amounts of power, TC Energy Corp. states it prefers grid-serving power plants and is not pursuing behind-the-meter projects, highlighting a focus on broader grid support.
TC Energy highlighted brownfield, in-corridor expansions, with Poirier stating `Our strategy has been very intentional to capture this growth without increasing our risk exposure` and noting infrastructure near 60 per cent of U.S. data-centre growth.
After the earnings release for the quarter ending Dec. 31, TC Energy shares rose almost four per cent on the TSX after posting $4.17 billion in revenue and 92 cents per share earnings, meeting expectations.
Later this decade, TC Energy projects $6 billion in net annual capex through 2030 to meet anticipated North American demand of 45 million mmbtu a day by 2035.

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