TC PipeLines, LP Announces Third Quarter Cash Distribution
October 19 2011 - 4:31PM
Marketwired
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 2011 cash
distribution of $0.77 per common unit. The distribution is
equivalent to the second quarter 2011 distribution and represents a
2.7 per cent increase from the $0.75 per common unit paid in third
quarter 2010.
This cash distribution is the 50th consecutive quarterly
distribution paid by the Partnership and is payable on November 14,
2011 to unitholders of record at the close of business on October
31, 2011.
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 per
cent ownership interest in each of Gas Transmission Northwest LLC,
and Bison Pipeline LLC. TC PipeLines, LP also has 100 per cent
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.
Contacts: TC PipeLines, LP Media Enquiries: Terry Cunha/Shawn
Howard 403.920.7859 or 800.608.7859 TC PipeLines, LP Unitholder and
Analyst Enquiries: Lee Evans
877.290.2772investor_relations@tcpipelineslp.comwww.tcpipelineslp.com
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