Jan 20 (Reuters) - TC Energy Corp TRP.TO :
* TC ENERGY DISAPPOINTED WITH EXPECTED EXECUTIVE ACTION REVOKING KEYSTONE XL PRESIDENTIAL PERMIT
* TC ENERGY CORP - TC ENERGY WILL REVIEW DECISION, ASSESS ITS IMPLICATIONS, AND CONSIDER ITS OPTIONS
* TC ENERGY CORP - AS A RESULT OF EXPECTED REVOCATION OF PRESIDENTIAL PERMIT, ADVANCEMENT OF KEYSTONE XL PROJECT WILL BE SUSPENDED
* TC ENERGY CORP - COMPANY WILL CEASE CAPITALIZING COSTS, INCLUDING INTEREST DURING CONSTRUCTION, EFFECTIVE JANUARY 20, 2021
* TC ENERGY CORP - WILL ALSO MODIFY ITS PREVIOUSLY ANNOUNCED FINANCING PLANS
* TC ENERGY CORP - WILL EVALUATE CARRYING VALUE OF ITS INVESTMENT IN PIPELINE, NET OF PROJECT RECOVERIES
* TC ENERGY - ABSENT INTERVENING ACTIONS, CO'S STEPS RELATED TO KEYSTONE XL COULD RESULT IN SUBSTANTATIVE, PREDOMINANTLY NON-CASH AFTER-TAX CHARGE IN Q1
* TC ENERGY - WOULD NO LONGER EXPECT TO ISSUE HYBRID SECURITIES OR COMMON SHARES UNDER DIVIDEND REINVESTMENT PLAN TO PARTIALLY FUND KEYSTONE XL PROJECT
* TC ENERGY CORP - INITIATIVES ASIDE FROM KEYSTONE XL EXPECTED TO SUPPORT ANNUAL DIVIDEND INCREASES OF 8-10% IN 2021 & 5-7% THEREAFTER