TC PipeLines, LP to List on the New York Stock Exchange under New Trading Symbol “TCP”
HOUSTON, Texas – November 21, 2011 –TC PipeLines, LP (NASDAQ: TCLP) (the
Partnership) today announced that it is transferring the listing of its common units to the
New York Stock Exchange (“NYSE”). The Partnership expects that its common units will
commence trading on the NYSE under the new symbol "TCP" on December 12, 2011.
The Partnership’s common units will continue to be traded on the NASDAQ under the
symbol "TCLP" until the transfer has been completed.
“TC PipeLines, LP has a 12-year track record of growing cash distributions for its
unitholders. These distributions are underpinned with stable and predictable natural gas
pipeline infrastructure assets,” said Steve Becker, President, TC PipeLines GP, Inc.
“We look forward to joining other Master Limited Partnership peers, and our sponsor,
TransCanada Corporation on the NYSE.”
“We are delighted TC PipeLines, LP has decided to list on the New York Stock
Exchange”, said Scott Cutler, NYSE Euronext EVP and Head of Listings,
Americas. “We are committed to a long-term partnership with TC PipeLines, LP and its
unitholders, and to providing the superior liquidity, services and visibility associated with
listing on the NYSE.”
TC PipeLines, LP has interests in 5,560 miles of federally regulated U.S. interstate
natural gas pipelines which serve markets across the United States and Eastern
Canada. This includes significant interests in Great Lakes Gas Transmission Limited
Partnership and Northern Border Pipeline Company as well as 25 percent ownership
interest in each of Gas Transmission Northwest LLC, and Bison Pipeline LLC. TC
PipeLines, LP also has 100 percent ownership of North Baja Pipeline, LLC and
Tuscarora Gas Transmission Company. 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: November 23, 2011