(Reuters) -TC Energy Corp said on Tuesday it expects its 2025 core profit to be in the range of about C$10.7 billion ($7.63 billion) to C$10.9 billion ($7.78 billion).

For 2024, the Canadian pipeline operator expects core profit to be at the upper end of C$9.9 billion to C$10.1 billion, excluding its Liquid Pipelines segment.

“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 aligns with the vast opportunity we are seeing across our North American footprint,” CEO Francois Poirier said.

The U.S. Energy Information Administration said gas consumption in the United States would rise from a record 89.1 billion cubic feet per day (bcfd) in 2023 to 90.1 bcfd in 2024.

TC Energy also announced four new growth projects aligned with increasing demand for natural gas and nuclear power generation.

One of the projects includes expanding power generation at its nuclear plant, Bruce Power, in Ontario, by adding 90 megawatts (MW), increasing its peak output to 7,000 MW.

The company also said that nearly 97% of its outlook was underpinned by rate regulation, along with long-term take-or-pay contracts.

TC Energy’s annual investor day is scheduled to begin later on Tuesday.

($1 = 1.4016 Canadian dollars)

(Reporting by Seher Dareen in Bengaluru; Editing by Shreya Biswas)