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TC PipeLines, LP Increases Third Quarter Cash Distribution

HOUSTON, Texas - October 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 third quarter 2010 cash distribution of $0.75
per common unit. This cash distribution is an increase of $0.02 per common unit from
the second quarter 2010 distribution representing a 2.7 per cent increase. The
distribution represents an increase of $0.08 per common unit on an annualized basis.

"We are pleased to increase our quarterly distribution to unitholders," said Steve Becker,
president of TC PipeLines GP, Inc. "The strong business fundamentals of Northern
Border and Great Lakes, which are supported by the increased volumes being moved on
our pipelines to market, has enabled us to raise our quarterly distribution. Looking
forward, our energy infrastructure assets are well positioned to capture natural gas
volumes coming out of the U.S. Rockies on the Bison pipeline and rising volumes from
the development of the Montney and Horn River shale gas plays in the Western
Canadian Sedimentary Basin."

This cash distribution is the 46th consecutive quarterly distribution paid by the
Partnership and is payable on November 12, 2010 to unitholders of record at the close
of business on October 31, 2010.

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.

Cautionary Statement Regarding Forward-Looking Information
This news release may include "forward-looking statements" regarding future events and
the future financial performance of TC PipeLines, LP. All statements other than
statements of historical fact included or incorporated herein may constitute forwardlooking
statements. Words such as "anticipate," "believe," "continue," "estimate,"
"expect," "intend," "forecast," "project," "may," "plan," "strategy," "will," and similar
expressions identify forward-looking statements. All forward-looking statements are
based on the Partnership's current beliefs as well as assumptions made by and
information currently available to the Partnership. These statements reflect the
Partnership's current views with respect to future events and are not guarantees of
performance. Actual results may differ materially from those expressed or implied in
these forward-looking statements and are subject to a number of risks and uncertainties.
Important factors that could cause actual results to materially differ from the
Partnership's current expectations include the demand for Great Lakes and Northern
Border transportation in the future; the risk of a prolonged slowdown in growth or decline
in the U.S. economy or the risk of delay in growth recovery in the U.S. economy;
regulatory decisions, particularly those of the FERC; the ability of Great Lakes and
Northern Border to recontract their available capacity on competitive terms; the
Partnership's ability to identify and/or consummate accretive growth opportunities from
TransCanada Corporation or others; the ability to access capital and credit markets with
competitive rates and terms; operational decisions of the operator of our pipeline
systems; the failure of a shipper on any one of the Partnership's pipelines to perform its
contractual obligations; supply of natural gas in the Western Canada Sedimentary Basin
and in competing basins, such as the Rocky Mountains; future demand for natural gas;
overcapacity in the industry; success of other pipelines competing with Northern Border
and Great Lakes by bringing competing U.S.-sourced gas to Northern Border's and
Great Lakes' markets; and other risks inherent in the transportation of natural gas as
discussed in the Partnership's filings with the Securities and Exchange Commission
(SEC), including its Annual Report on Form 10-K for the most recently completed fiscal
year and its subsequently filed Quarterly Reports on Form 10-Q. These filings are
available to the public over the Internet at the SEC's website (www.sec.gov) and via the
Partnership's website (www.tcpipelineslp.com). The Partnership disclaims any intention
or obligation to update publicly or revise any such forward-looking statements, whether
as a result of new information, future events or otherwise, occurring after the date
hereof.

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