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TC Energy

Operates natural gas pipelines, generates electricity

Regulatory Analyst - Tariffs

Full-TimePosted on 10/21/2026Deadline 11/5/26
No salary listed
Mid
Bachelor's
Houston, TX, USA
HybridHybrid work model for eligible office-based workforce.
Risk & ComplianceRegulatory Compliance & Ethics
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in Business, Finance, Economics, Accounting, Law, or another related field.
  • Three to five years of relevant professional experience.
  • Must have legal authorization to work in the country where the position is based, without restrictions.
  • Must complete required background screening, which may include criminal and/or credit checks.
Responsibilities
  • Provide regulatory support to TC Energy's U.S. Natural Gas business, primarily focused on its tariffs.
  • Interpret and apply tariff language and Federal Energy Regulatory Commission policy to support business objectives and maintain regulatory compliance.
  • Lead tariff filings through regulatory approval, from initial concept and strategy through drafting, internal review, filing with the Federal Energy Regulatory Commission, and implementation; manage deadlines and address applicable regulatory and legal requirements.
  • Work with Legal, Marketing, Business Development, Accounting, Contracts, Rates, and other groups to develop regulatory filings related to service agreements, fuel and cost trackers, rate case proceedings, new services, enhancements to existing services, and other potential tariff modifications.
  • Develop and update Excel models to analyze volume and cost data for fuel and cost tracker design.
  • Conduct regulatory research and analysis to evaluate legal and regulatory requirements, identify potential compliance concerns, and coordinate efforts to address potential noncompliance.
  • Work within an integrated team to drive and execute U.S. Natural Gas regulatory strategy.
  • Provide analysis, recommendations, and regulatory guidance to support strategic decisions for regulated pipeline assets.
  • Interact regularly with regulatory agencies, customers, and consultants.
Desired Qualifications
  • Experience in the regulated natural gas pipeline industry and/or working knowledge of Federal Energy Regulatory Commission regulations and policies.
  • Experience interpreting interstate natural gas pipeline tariffs and applying tariff provisions to commercial and regulatory matters.
  • Advanced proficiency with Microsoft Excel and Word.
  • Experience developing or working with complex Excel models, large datasets, and advanced formulas.
  • Ability to work independently within a team-oriented environment.
  • Strong collaboration, analytical, critical thinking, research, and verbal and written communication skills.
  • Ability to collaborate effectively across functions and build strong stakeholder relationships.

About the company

What TC Energy does: It operates energy infrastructure across North America, focusing on natural gas transportation and storage through an extensive pipeline network in Canada, the United States, and Mexico, and also generating electricity from assets such as nuclear and natural gas-fired plants. How its product works: Its pipelines move natural gas from supply basins to markets, with storage capabilities to ensure reliability; revenue mostly comes from long-term, regulated contracts and fee-based arrangements, which give predictable cash flow. How it is different: It combines large-scale gas transportation with power generation under a regulated, fee-based business model across three countries, offering a stable, diversified energy infrastructure platform. What its goal is: to reliably deliver energy to homes and businesses by efficiently moving gas and producing power under long-term contracts, supporting North American energy markets.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

1951

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Simplify's Take

What believers are saying

  • July 30, 2026 Q2 EBITDA hit C$2.9 billion; management targets upper-end 2026 guidance.
  • FERC approved ANR’s settlement July 27, 2026, accelerating rate relief and refunds.
  • New 2026 projects serve data centers and gas-fired generation, capturing power-demand growth.

What critics are saying

  • PHMSA’s January 31, 2026 ANR order followed a rupture, reducing pressure until approval.
  • Coastal GasLink hit a March 20, 2026 B.C. stop-work order, delaying cash flow.
  • LNG Canada Phase 2 remains undecided; without it, Coastal GasLink expansion weakens.

What makes TC Energy unique

  • TC Energy’s July 30, 2026 portfolio ties cash flows to regulated North American gas transport.
  • Bruce Power’s nuclear stake and 2026 pipeline builds diversify earnings beyond pure pipes.
  • 20-year take-or-pay contracts on Central Virginia and Clark lock in long-dated demand.

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Benefits

  • Flexible Work Hours
  • Hybrid Work Options

Company News

Yahoo Finance
Oct 19th, 2026
Enbridge vs. TC Energy: 6.0% yield and 31 straight raises beat TC's 4.2%

Enbridge is the better dividend stock than TC Energy, according to a comparison of the two Canadian pipeline companies. Enbridge yields 6.0% and raised its dividend 3.1% a year from fiscal 2020 to fiscal 2025. TC Energy yields 4.2% and raised its payout 1.0% a year. On December 3, 2025, Enbridge lifted its quarterly dividend 3% to C$0.97 a share, its 31st consecutive annual increase. TC Energy's dividend per share fell from C$3.70 in fiscal 2024 to C$3.40 in fiscal 2025. TC Energy has wider coverage: distributable cash flow covered its dividend 1.96x in fiscal 2025, against 1.51x for Enbridge. Enbridge's debt-to-EBITDA was 5.1x at the end of June 2026, above its 4.5x to 5.0x target. It expects to return to that range by the end of 2026.

Yahoo Finance
May 14th, 2026
GE Vernova and TC Energy: 2 profitable nuclear energy stocks with reactors under construction

GE Vernova and TC Energy are two profitable nuclear energy stocks offering investment opportunities as the sector develops. Both companies leverage diversified energy portfolios to fund nuclear operations whilst maintaining profitability. GE Vernova reported net income of $4.9 billion in 2025, with $4.7 billion in its first quarter of 2026. Through its partnership with Hitachi, it's building North America's only SMR currently under construction, the BWRX-300 reactor, expected to operate by 2030. A Tennessee project could be operational by the early 2030s. However, the stock has surged nearly 60% this year and appears overvalued. TC Energy generates revenue from natural gas, pipelines and renewable power, whilst holding a 48.4% stake in Bruce Power, Canada's only private-sector nuclear reactor.

SCF Partners
Mar 24th, 2026
Qube secures funding from TC Energy and NGIF to scale emissions monitoring tech across oil, gas, and biogas sectors

Qube Technologies, a Calgary-based emissions monitoring company, has closed a funding round led by existing investor TC Energy, with participation from NGIF Capital and other strategic investors. The capital will support deployment of Qube's expanded product portfolio across multiple industries. The funding follows record revenue growth in 2025, during which Qube expanded beyond oil and gas into biogas, landfill and mining sectors. The company achieved regulatory validation from the US Environmental Protection Agency and became the first continuous monitoring dataset accepted for Level 5 OGMP reporting. Qube recently launched two new products: Qube Lite, a cost-effective fenceline technology for source-level deployment, and Qube Camera, providing real-time visual confirmation and leak localisation. Both have seen immediate high-volume demand from operators seeking to reduce manual site inspections whilst managing emissions.

TC Energy
Nov 20th, 2025
TC Energy announces consideration of U.S. Junior Subordinated Notes Offering by TransCanada PipeLines Limited

CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that TransCanada PipeLines Limited (TCPL) is considering an offering of U.S. Junior Subordinated Notes (Notes). If a successful offering is completed, the Company intends to use the net proceeds to redeem its issued and outstanding Cumulative Redeemable First Preferred Shares, Series 11 (TSX:TRP.PR.G) pursuant to their terms, to reduce indebtedness as...

Seeking Alpha
Nov 19th, 2025
TC Energy's 6.25% Notes Lack Appeal

TC Energy Corporation (TRP) issued 6.25% Junior Subordinated Notes (TCPA) with a 6.57% yield to maturity and a BBB- credit rating. Despite strong dividend coverage and a stable credit outlook, the notes are deemed less appealing compared to deeply discounted baby bonds. The article suggests TCPA is not an attractive investment currently due to market conditions and peer alternatives. The author has no financial interest in the companies mentioned.