TC PipeLines, LP Announces Second Quarter Cash Distribution
HOUSTON, Texas – July 20, 2010 – TC PipeLines, LP (NASDAQ: TCLP) (the Partnership)
today announced the board of directors of TC PipeLines GP, Inc., its general partner, declared
the Partnership’s second quarter 2010 cash distribution of $0.73 per common unit. The
distribution is equivalent to the first quarter 2010 and is payable on August 13, 2010 to
unitholders of record at the close of business on July 31, 2010.
This cash distribution is the 45th consecutive quarterly distribution paid by the Partnership.
TC PipeLines, LP has interests in approximately 3,700 miles of federally regulated U.S.
interstate natural gas pipelines, including Great Lakes Gas Transmission Limited Partnership
(46.45 per cent ownership), Northern Border Pipeline Company (50 per cent ownership), North
Baja Pipeline, LLC (100 per cent ownership) and Tuscarora Gas Transmission Company (100
per cent ownership).
Great Lakes is a 2,115-mile natural gas pipeline system serving markets in
Minnesota, Wisconsin, Michigan and eastern Canada. The 1,249-mile Northern Border Pipeline
transports natural gas from the Montana-Saskatchewan border to markets in the midwestern
United States. North Baja is an 80-mile bi-directional pipeline system that transports natural gas
between southwestern Arizona and a point on the California/Mexico border where it connects
with a natural gas pipeline system in Mexico.
Tuscarora is a 240-mile pipeline system that
transports natural gas from Oregon, where it interconnects TransCanada Corporation’s Gas
Transmission Northwest System, to markets in Oregon, California, and Nevada. TC PipeLines,
LP is managed by its general partner, TC PipeLines GP, Inc., an indirect wholly owned
subsidiary of TransCanada Corporation. TC PipeLines GP, Inc. also holds common units of TC
PipeLines, LP. Common units of TC PipeLines, LP are quoted on the NASDAQ Global Select
Market and trade under the symbol “TCLP.” For more information about TC PipeLines, LP, visit
the Partnership’s website at www.tcpipelineslp.com.
Posted: July 20, 2010