TC Pipelines, LP Increases Fourth Quarter Cash Distribution and Schedules Earnings Teleconference and Webcast
18 January 2008 - 8:32AM
Marketwired
CALGARY, ALBERTA (the Partnership) today announced the board of
directors of TC PipeLines GP, Inc., its general partner, has
declared the Partnership's fourth quarter 2007 cash distribution in
the amount of US$0.665 per unit, increasing the current annualized
distribution from $2.64 per unit to $2.66 per unit. This
distribution is payable on February 14, 2008 to unitholders of
record as of January 31, 2008.
The cash distribution is the 35th consecutive quarterly
distribution paid by the Partnership and represents an 11 per cent
increase over the distribution declared for the fourth quarter
2006.
The Partnership will release its fourth quarter 2007 financial
results after markets close on Thursday, February 21, 2008.
Analysts, members of the public, the media and other interested
parties are invited to participate in a teleconference and audio
webcast on Friday, February 22, 2008 at 12 p.m. (Eastern). Mark
Zimmerman, president of the general partner, will discuss the
fourth quarter 2007 financial results and general developments and
issues concerning the Partnership. To participate, please call
(866) 542-4262. A replay of the conference call will also be
available two hours after the conclusion of the call and until
midnight, Friday, February 29, 2008, by dialing (800) 408-3053,
then entering pass code 3248040#.
A live webcast of the conference call will also be available
through the Partnership's website at www.tcpipelineslp.com. An
audio replay of the call will be maintained on the website.
TC PipeLines, LP is a publicly traded limited partnership. TC
PipeLines, LP has interests in more than 3,600 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) and Tuscarora Gas Transmission Company (100 per cent
ownership). Great Lakes is a 2,115-mile pipeline 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. Tuscarora owns a 240-mile pipeline system that transports
natural gas from Oregon where it interconnects to TransCanada's Gas
Transmission Northwest System. 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 the Partnership. 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/Shela
Shapiro (403) 920-7859 or Toll Free: 1-800-608-7859 TC PipeLines,
LP Unitholder and Analyst Inquiries Myles Dougan 1-877-290-2772
Email: investor_relations@tcpipelineslp.com Website:
www.tcpipelineslp.com
TC Pipelines, LP - Common Units Representing Limited Partnership Interests (MM) (NASDAQ:TCLP)
Historical Stock Chart
From Jun 2024 to Jul 2024
TC Pipelines, LP - Common Units Representing Limited Partnership Interests (MM) (NASDAQ:TCLP)
Historical Stock Chart
From Jul 2023 to Jul 2024