TC PipeLines, LP Announces Leadership Change and Board Appointment
HOUSTON, TEXAS -- (Marketwire) -- 03/25/13 -- TC PipeLines, LP
(NYSE:TCP) (the "Partnership") today announced that Gregory Lohnes
has resigned from his positions as Chairman of the Board and Director
of TC PipeLines GP, Inc., the General Partner of the Partnership,
effective March 25, 2013. Mr. Lohnes will continue in his role as
Executive Vice-President, Operations and Major Projects of
TransCanada PipeLines Limited, the indirect parent company of the
General Partner and a wholly-owned subsidiary of TransCanada
"Greg has been a strong leader of our board and played an important
role in the strategy and growth of the Partnership serving as a
director since 2007 and Chairman since 2010," said Steve Becker,
President of the General Partner. "His disciplined approach has
guided our success and will provide a strong foundation for us to
continue to deliver long-term value to our unitholders."
Also effective March 25, 2013, Karl Johannson has been appointed
Chairman of the Board and Director of TC PipeLines GP, Inc. Mr.
Johannson's principal occupation is Executive Vice-President and
President, Natural Gas Pipelines of TransCanada, a position he has
held since November 2012 and where he is responsible for
TransCanada's natural gas pipelines and regulated natural gas storage
business in Canada, the U.S. and Mexico. Prior to that, he was Senior
Vice-President, Canadian and Eastern U.S. Pipelines. Mr. Johannson
has been with TransCanada for 23 years.
"Karl brings extensive experience in the North American natural gas
industry and, as such, will provide invaluable knowledge and
leadership to our Board of Directors in its continued effort to drive
long-term unitholder value," added Mr. Becker.
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 Baj
a 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 www.tcpipelineslp.com.
TC PipeLines, LP
Grady Semmens/Shawn Howard
403.920.7859 or 800.608.7859
TC PipeLines, LP
Unitholder and Analyst Inquiries:
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