# TC Energy Pension Plan

TC Energy Pension Plan is a Pension Fund based in Calgary, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Calgary, Canada
- **Region:** North America
- **Address:** 450 – 1 St. SW, Calgary, Alberta T2P 5H1, Canada
- **Assets under management:** Undisclosed
- **Website:** tcenergy.com
- **LinkedIn:** https://www.linkedin.com/company/tc-energy/

## Regulatory record

- **Reports private funds:** No

## About

The TransCanada Pension Plan was established to deliver retirement benefits to employees of TC Energy Corporation. It operates as a private-sector pension fund with holdings in both Canada and the United States. The plan allocates to public equities and private equity. Confirmed holdings include positions in TC Energy Corporation, South Bow Corporation, Rollins Inc., Alexandria Real Estate Equities, and BWX Technologies. It also maintains direct ownership interests in operating assets such as the NGTL System and Bruce Power through the sponsor. Craig Rutkunas serves as Manager, Pension Assets and chairs the Calgary Regional Council of the Pension Investment Association of Canada. The plan sponsored the PIAC Calgary Regional Council Luncheon in June 2025. Additional offices are not disclosed. The plan integrates ESG factors through a Statement of Investment Beliefs and is a signatory to the UNPRI. Governance remains tied to the sponsor's corporate structure with no separate external investment committee disclosed.

## Sectors

- Energy Infrastructure

## People

- Craig Rutkunas — Manager, Pension Assets

## Questions

### Who runs investment decisions at TransCanada Pension Plan?

Craig Rutkunas serves as Manager, Pension Assets and represents the plan in the Pension Investment Association of Canada.

### Does TransCanada Pension Plan participate in fund commitments or only direct deals?

The plan reports a 0.25 percent allocation to private equity with no further breakdown of fund versus direct exposure disclosed.

### How is TransCanada Pension Plan related to TC Energy Corporation?

It is the corporate pension plan sponsored by TC Energy Corporation, with certain assets transferred in connection with the 2024 spinoff of South Bow Corporation.

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Last updated: 2026-07-08T20:58:33.836Z

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