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TC PipeLines, LP Announces Third Quarter Distribution and Schedules Earnings Teleconference and Web Cast
Calgary, Alberta - October 21, 2003 - (Nasdaq: TCLP) - TC PipeLines, LP (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, has declared the Partnership's third quarter 2003 distribution in the amount of US$0.55 per unit. This distribution is payable on November 14, 2003 to unitholders of record as of October 31, 2003.
The Partnership will release its third quarter 2003 financial results after markets close on October 23, 2003. Ron Turner, President and Chief Executive Officer of the general partner, will host a teleconference and audio web cast on Friday, October 24 at 10:00 a.m. (eastern) to discuss third quarter 2003 financial results and general developments concerning the Partnership. Those interested in listening to the call can dial (800) 273-9672. A replay of the conference call will also be available two hours after the conclusion of the call and until midnight, October 31, 2003, by dialing (800) 408-3053 then entering passcode 1487818.
A live web cast of the conference call will also be available through the Partnership's Internet site at www.tcpipelineslp.com. An audio replay of the call will be maintained on the Internet site.
TC PipeLines, LP is a publicly held limited partnership. It owns a 30% interest in Northern Border Pipeline Company, a Texas general partnership, and a 49% interest in Tuscarora Gas Transmission Company, a Nevada general partnership. Northern Border Pipeline, which is owned 70% by Northern Border Partners, L.P., a publicly traded master limited partnership controlled by affiliates of Enron Corp., 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 United States interstate pipeline system that transports natural gas from Oregon, where it interconnects with facilities of Gas Transmission Northwest Corporation (GTN), to northern Nevada. TC PipeLines, LP is managed by its general partner, TC PipeLines GP, Inc., a wholly owned subsidiary of TransCanada PipeLines Limited. Subsidiaries of TransCanada also hold common and subordinated units of the Partnership. Common units of TC PipeLines, LP are quoted on the Nasdaq Stock Market and trade under the symbol "TCLP".
Media Inquiries:
Hejdi Feick / Kurt Kadatz
(403) 920-7859
Unitholder and Analyst Inquiries:
David Moneta / Debbie Stein
Toll-free (877) 290-2772
investor_relations@tcpipelineslp.com
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