TC PipeLines, LP Announces First Quarter Cash Distribution
April 20 2010 - 8:29AM
Marketwired
TC PipeLines, LP (NASDAQ: TCLP) (the Partnership) today announced
the board of directors of TC PipeLines GP, Inc., its general
partner, has declared the Partnership's first quarter 2010 cash
distribution in the amount of $0.73 per common unit. This cash
distribution is equivalent to the fourth quarter 2009 distribution
and represents a 3.5 per cent increase from the first quarter 2009
distribution of $0.705 per common unit.
This cash distribution is the 44th consecutive quarterly
distribution paid by the Partnership. This distribution is payable
on May 14, 2010 to unitholders of record as of April 30, 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 natural gas 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'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 Stock Market and trade under
the symbol "TCLP." For more information about TC PipeLines, LP,
visit the Partnership's website at www.tcpipelineslp.com.
Contacts: TC PipeLines, LP Media Inquiries Cecily Dobson/Terry
Cunha 403.920.7859 or 800.608.7859 TC PipeLines, LP Unitholder and
Analyst Inquiries Terry Hook 877.290.2772
investor_relations@tcpipelineslp.com www.tcpipelineslp.com
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