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TC PipeLines, LP

Company Summary

Description

TC PipeLines, LP is a United States limited partnership with a long history of stable and growing cash distributions which has delivered value to its investors while maintaining a solid cash distribution coverage ratio. Through its disciplined investment philosophy, TC PipeLines now has investments in eight critical FERC regulated, low-risk energy infrastructure pipelines, capable of moving 9.4 billion cubic feet per day of natural gas. Revenues from these assets are derived almost entirely from fee-based charges.

Website

http://www.tcpipelineslp.com/

Financial Data:

NYSE:TCP from Google Finance

Tickers:

  • TCP - New York Stock Exchange

Related Entities

Recent news

  • 3/4/2021 - TC Energy & TC PipeLines... (subscriber access)
  • 3/1/2021 - TC Energy & TC PipeLines... (subscriber access)
  • 2/22/2021 - TC Energy Reiterates... (subscriber access)
  • 2/22/2021 - Energy Income Partners... (subscriber access)
  • 12/15/2020 - TC Energy Acquiring All... (subscriber access)

Investor Presentations

  • Third Quarter 2017 Presentation
  • Second Quarter 2017 Presentation (subscriber access)
  • First Quarter 2017 Presentation (subscriber access)
  • 4Q16 Earnings Presentation (subscriber access)
  • 1Q16 Investor Presenation (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

SELLERS:
  • TC PipeLines, LP
  • DETAILS:

    COST: 1.68 $B

    NOTES:
    TC Energy will be acquiring all outstanding common units of TC PipeLines, LP, under a 0.70 share-for-unit exchange, marking a 19.5% premium to the TCP closing price before the initial offer on October 2, 2020. Closing will occur in the first or second quarter of 2021, and the ratio reflects a value of $1.68 billion for 38 million TC Energy common shares which will be exchanged.
    REGIONS:
  • North America
  • Date: 6/1/2017
    Type: Acquisition

    NOTES:
    TransCanada will sell 49.3% stake in the Iroquois Gas Transmission System and remaining 11.8% interest in Portland Natural Gas Transmission System (PNGTS) to TC Pipeline LP.
    REGIONS:
  • Northeast