" We believe the name TC Energy clearly articulates our complete business – pipelines, power generation and energy storage operations," Chief Executive Officer Russ Girling said.

The company said it will continue to trade under "TRP" on the Toronto Stock Exchange.

TransCanada shareholders will be voting to approve the name change at the next annual meeting in the second quarter of 2019, the company said in a statement.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Arun Koyyur)