TC PipeLines, LP Announces Third Quarter Distribution and Schedules Earnings Teleconference and Webcast
October 18 2005 - 4:39PM
Business Wire
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 third quarter 2005
distribution in the amount of US$0.575 per unit. This distribution
is payable on November 14, 2005 to unitholders of record as of
October 31, 2005. The Partnership will release its third quarter
2005 financial results after markets close on Wednesday, November
2, 2005. Analysts, members of the public, the media and other
interested parties are invited to participate in a teleconference
and audio webcast on Thursday, November 3, 2005 at 12 p.m.
(Eastern). Ron Turner, president and chief executive officer of the
general partner, will discuss the third quarter 2005 financial
results and general developments and issues concerning the
Partnership. To participate, please call (800) 387-6216. A replay
of the conference call will also be available two hours after the
conclusion of the call and until midnight, November 10, 2005, by
dialing (800) 408-3053, then entering pass code 3164580. 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 held limited partnership. It owns a 30 per cent interest
in Northern Border Pipeline Company, a Texas general partnership,
and a 49 per cent interest in Tuscarora Gas Transmission Company, a
Nevada general partnership. Northern Border Pipeline, which is
owned 70 per cent by Northern Border Partners, L.P., a publicly
traded master limited partnership controlled by affiliates of
ONEOK, Inc., owns a 1,249-mile United States interstate pipeline
system that transports natural gas from the Montana-Saskatchewan
border to markets in the midwestern United States. Tuscarora owns a
240-mile interstate pipeline system that transports natural gas to
Nevada from Oregon, where it interconnects to TransCanada's GTN
System. TC PipeLines, LP is managed by its general partner, TC
PipeLines GP, Inc., a wholly owned subsidiary of TransCanada
PipeLines Limited. 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. TC PipeLines, LP (NASDAQ:TCLP)
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