TC PipeLines, LP Announces Fourth Quarter Distribution and Schedules Earnings Teleconference and Webcast
Calgary, Alberta – January 20, 2005 – (Nasdaq: TCLP) – TC PipeLines, LP (the Partnership) today announced the board of directors of TC PipeLines GP, Inc., its general partner, has declared the Partnership’s fourth quarter 2004 distribution in the amount of US$0.575 per unit. This distribution is payable on February 14, 2005 to unitholders of record as of January 31, 2005.
The Partnership will release its fourth quarter 2004 financial results after markets close on Monday, February 7, 2005. Analysts, members of the public, the media and other interested parties are invited to participate in a teleconference and audio webcast on February 8, 2005 at
12 p.m. (Eastern). Ron Turner, president and chief executive officer of the general partner, will discuss the fourth quarter 2004 financial results and general developments and issues concerning the Partnership. To participate, please call (877) 211-7911. A replay of the conference call will also be available two hours after the conclusion of the call and until midnight, February 15, 2005, by dialing (800) 408-3053, then entering pass code 3135834.
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. 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
(800) 608-7859
Unitholder and Analyst Inquiries:
David Moneta
Toll-free (877) 290-2772
investor_relations@tcpipelineslp.com
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