Third Quarter 2014 Conference Call October 24, 2014
TC PipeLines, LP Third Quarter 2014 Conference Call Steve Becker, President Stuart Kampel, VP and General Manager Nathan Brown, Controller and Principal Financial Officer Rhonda Amundson, Manager Investor Relations 2
Third Quarter 2014 Highlights Partnership cash flows of 57 million Net income attributable to controlling interests of 31 million Cash distributions paid of 54 million Declared cash distribution of 0.84 per common unit 62nd…
Partnership Update Solid financial performance from our portfolio of assets Reflects our highly contracted status Lower transportation revenues at GTN partially offset by higher revenues at Great Lakes Results reflect seasonal…
Third Quarter 2014 Financial Results (unaudited, millions of dollars except per common unit amounts) Three months ended Sep 30 2014 2013 (a) Partnership cash flows 57 58 Cash distribution paid (54) (52) Cash distributions…
Third Quarter 2014 Financial Results (unaudited, millions of dollars) Three months ended Sep 30 2014 2013 Transmission revenues 80 85 Equity earnings from unconsolidated affiliates 15 15 Operating, maintenance and…
Strong Financial Position Liquidity under Senior Credit Facility (500 million) 165 million of available borrowing capacity as at September 30, 2014 Average interest rate was 1.41% in Q3 2014 Solid Capital Structure Conservative…
Future Growth Opportunities Drop down opportunities from TransCanada North American opportunities driving TransCanadas 38 billion capital growth program through the end of the decade TransCanada intends to drop down the remainder…
TCP Key Takeaways Asset Portfolio Six FERC-regulated, natural gas pipelines Long-term, ship-or-pay contracts Investment grade counterparties TransCanada Relationship Owns general partner and holds a 28% interest in TCP Large…
Third Quarter 2014 Conference Call October 24, 2014
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