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TC PipeLines, LP announces definitive agreement for TC Energy to acquire all its outstanding common units
0.70 Share-for-Unit Exchange Ratio HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (TCP or the Partnership) today announced it has entered into a definitive agreement and plan of merger pursuant to which TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will acquire all the outstanding common units of TCP not beneficially owned by TC Energy or its affiliates in exchange for TC Energy common shares. Pursuant to the agreement, TCP common unitholders would receive 0.70...
TC PipeLines, LP announces 2020 third quarter financial results
HOUSTON, Nov. 10, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported net income attributable to controlling interests of $65 million and distributable cash flow of $36 million for the three months ended September 30, 2020. “During the third quarter of 2020, our diversified portfolio of essential energy infrastructure continued to perform well and generated solid results,” said Nathan Brown, president of TC PipeLines, GP, Inc. “These results continue to...
TC PipeLines, LP announces third quarter 2020 cash distribution
HOUSTON, Oct. 21, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s third quarter 2020 cash distribution of $0.65 per common unit. The distribution is unchanged from the distribution declared for the first two quarters of 2020. This cash distribution is the 86 th consecutive quarterly distribution paid by the Partnership and is payable on November 13, 202...
TC PipeLines, LP to release third quarter 2020 results on November 10
HOUSTON, Oct. 20, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) will release its third quarter 2020 financial results on Tuesday, November 10, 2020 pre-market. Nathan Brown, President of the General Partner, along with other members of management, will discuss the Partnership’s financial results and latest developments in a teleconference and webcast on Tuesday, November 10, 2020 at 9 a.m. (CST) / 10 a.m. (EST). Members of the investment community and other intereste...
TC PipeLines, LP acknowledges TC Energy Corporation’s offer to acquire its outstanding common units
HOUSTON, Oct. 05, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (TCP) (NYSE: TCP) today announced that it has received a non-binding offer from TC Energy Corporation (TC Energy) (TSX, NYSE: TRP) to acquire all of the outstanding common units of TCP not beneficially owned by TC Energy or its affiliates in exchange for common shares of TC Energy. Under the proposal, TCP common unitholders would receive 0.650 common shares of TC Energy for each issued and outstanding publicly-held TCP common unit,...
TC PipeLines, LP announces the appointment of Peggy Heeg to the Board of Directors of its General Partner
HOUSTON, Sept. 15, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced the appointment of Peggy Heeg to the Board of Directors and Audit Committee of its general partner, TC PipeLines GP, Inc. (TC PipeLines GP”), effective today. “We are pleased to welcome Peggy as an independent member of the Board,” said Stanley Chapman III, Chairman of TC PipeLines GP. “Ms. Heeg is an accomplished legal and corporate executive who brings a unique combination of public an...
TC PipeLines, LP announces 2020 second quarter financial results
Essential North American energy infrastructure – Stable for today and Growing for tomorrow HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported net income attributable to controlling interests of $57 million and distributable cash flow of $55 million for the three months ended June 30, 2020. “In the second quarter of 2020, our diversified portfolio of assets generated the kind of dependable results that our unitholders expect and rely upon...
TC PipeLines, LP announces second quarter 2020 cash distribution
HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) -- News Release – TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s second quarter 2020 cash distribution of $0.65 per common unit. The distribution is unchanged from the distribution declared for the first quarter of 2020. This cash distribution is the 85 th consecutive quarterly distribution paid by the Partnership and is payable on Augus...
TC PipeLines, LP to release second quarter 2020 results on August 5
HOUSTON, July 15, 2020 (GLOBE NEWSWIRE) -- News Release – TC PipeLines, LP (NYSE: TCP) (the Partnership) will release its second quarter 2020 financial results on Wednesday, August 5 pre-market. Nathan Brown, President of the General Partner, along with other members of management, will discuss the Partnership’s financial results and latest developments in a teleconference and webcast on Wednesday, August 5 at 10 a.m. (CDT) / 11 a.m. (EDT). Members of the investment community and other...
TC Pipelines, LP announces 2020 first quarter financial results
Generating solid results and distributions while delivering essential services HOUSTON, May 06, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today reported net income attributable to controlling interests of $88 million and distributable cash flow of $88 million for the three months ended March 31, 2020. “We are living in a world of unprecedented events with the COVID-19 pandemic front and center coupled with significant recent challenges in the energy space,” said...