TC Energy (TSX, NYSE: TRP) rose a modest 0.1% in US premarket trading on Tuesday, but remained at a 52-week high as it forecast "solid growth, low risk, repeatable performance" ahead of an investor day presentation later today.

Among highlights, the company said 2025 comparable ebitda is expected to be approximately $10.7 billion to $10.9 billion.

"With natural gas and electricity projected to drive 75% of the growth in final energy consumption through 2035, TC Energy's portfolio of natural gas and power assets strategically align with the vast opportunity we are seeing across our North American footprint," said Francois Poirier, TC Energy's president and chief executive. "By focusing on safety, operational excellence, disciplined capital allocation, and maximizing the value of our assets, TC Energy will continue to deliver solid growth, low risk and repeatable performance."

Poirier said the company had aligned its portfolio across complementary businesses, natural gas and power, where "wide-scale electrification is a significant common driver of future demand growth". Led by a three-fold increase in LNG exports, strong growth in power generation driven by coal retirements and data centre demand, he added TC Energy's forecast shows North American natural gas demand increasing by nearly 40 Bcf/d by 2035. Poirier cited approximately 13 Bcf/d of projects currently in development.

Reflecting this opportunity, TC Energy is announcing four new growth projects, totaling approximately $1.5 billion of gross capital expenditures, across its portfolio: it sanctioned two projects on our Columbia Gulf System: the US$0.4 billion Pulaski Project and the US$0.4 billion Maysville Project; and sanctioned the US$0.3 billion Southeast Virginia Energy Storage Project.

Also, with electricity demand in the province of Ontario expected to increase 75% by 2050, the company announced that Bruce Power is progressing with Stage 3a of Project 2030 which will provide incremental capacity of approximately 90 MW at the site. TC Energy's share of the capital required is approximately $175 million. It said Bruce Power will not be requesting an incremental capital call for this stage. By optimizing its existing Units through this program, when complete, Project 2030 is expected to increase the Bruce Power site peak output to 7,000 MW. All of this output will be sold under Bruce Power's long-term contract with the IESO, it added.

Yesterday, the company's shares rose $0.88, or 1.25%, on the TSX to $69.93, a 52-week high.