TC PipeLines, LP Announces Fourth Quarter Cash Distribution

TC PipeLines, LP Announces Fourth Quarter Cash Distribution 
HOUSTON, TEXAS -- (Marketwire) -- 01/18/13 -- TC PipeLines, LP
(NYSE:TCP) (the Partnership) today announced the board of directors
of TC PipeLines GP, Inc., its general partner, declared the
Partnership's fourth quarter 2012 cash distribution of $0.78 per
common unit. The distribution is unchanged from the third quarter
2012 distribution and represents a 1.3 percent increase from the
$0.77 per common unit paid in fourth quarter 2011. 
This cash distribution is the 55th consecutive quarterly distribution
paid by the Partnership and is payable on February 14, 2013 to
unitholders of record at the close of business on January 29, 2013. 
TC PipeLines, LP is a Delaware master limited partnership with
interests in 5,560 miles of federally regulated U.S. interstate
natural gas pipelines which serve markets across the United States
and Eastern Canada. This includes significant interests in Great
Lakes Gas Transmission Limited Partnership and Northern Border
Pipeline Company as well as 25 percent ownership interest in each of
Gas Transmission Northwest LLC, and Bison Pipeline LLC. The
Partnership also wholly owns North Baja Pipeline, LLC and Tuscarora
Gas Transmission Company. The Partnership is managed by its general
partner, TC PipeLines GP, Inc., an indirect wholly-owned subsidiary
of the Partnership's sponsor, TransCanada Corporation (NYSE:TRP). TC
PipeLines GP, Inc. also holds common units of TC PipeLines, LP. For
more information about TC PipeLines, LP, visit the Partnership's
website at 
Forward-Looking Statements 
This release contains certain "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 concerning the timing of cash
distributions and other events or developments that the Partnership
expects or believes will or may occur in the future. These
forward-looking statements are subject to a number of risks,
uncertainties and other factors that are difficult to predict and
beyond the Partnership's control. Factors that could cause future
results to differ materially from those anticipated are discussed in
the Partnership's Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q
 filed with the Securities and Exchange Commission.  
This release serves as qualified notice to nominees under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that 100
percent of TC PipeLines, LP's distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the Partnership's
distributions to foreign investors are subject to federal income tax
withholding at the highest effective tax rate for individuals or
corporations, as applicable. Nominees are treated as the withholding
agents responsible for withholding distributions received by them on
behalf of foreign investors.
TC PipeLines, LP
Media Enquiries:
Shawn Howard/Grady Semmens
TC PipeLines, LP
Unitholder and Analyst Enquiries:
Rhonda Amundson
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