TC Energy Poised to Ride North America's Gas Demand Surge

As North America's demand for natural gas is expected to skyrocket by 2035, pipeline companies like TC Energy (TSX:TRP) are poised to benefit. The company transports natural gas across Canada, the United States, and Mexico, with a significant portion of its earnings coming from regulated assets or long-term take-or-pay contracts.

TC Energy's business model provides predictable earnings, which is essential for investors seeking retirement income. The company has a 26-year dividend-growth record and targets future dividend growth of 3% to 5%. Its $23 billion secured capital program through 2031 could support both the balance sheet and the dividend.

The company's recent approval of the US$1.5 billion Appalachia Supply Project is expected to transport up to 800 million cubic feet of gas per day to new power generation, further securing its growth prospects.