Second Quarter 2015 Conference Call August 6, 2015
TC PipeLines, LP Second Quarter 2015 Conference Call Steve Becker, President Stuart Kampel, VP and General Manager Nathan Brown, Controller and Principal Financial Officer Rhonda Amundson, Manager Investor Relations 2
Second Quarter 2015 Highlights Partnership cash flows of 93 million Cash distributions paid of 55 million Declared cash distribution of 0.89 per common unit Increase of 5 cents per common unit or 6 percent over Q1 2015…
Partnership and Market Update Continued stable performance from our portfolio of assets Solid GTN gas flows with pricing spreads to our favor Extension of PG&Es contract on GTN Continue to see strong demand for capacity on Northern…
Second Quarter 2015 Financial Results (unaudited, millions of dollars except per common unit amounts) Three months ended June 30 2015 2014 Partnership cash flows(a) 93 77 Cash distribution paid (55) (52) Cash distributions…
Second Quarter 2015 Financial Results (unaudited, millions of dollars) Three months ended June 30 2015 2014 Transmission revenues 85 82 Equity earnings from unconsolidated affiliates 15 18 Operating, maintenance and…
Solid Financial Position Capital structure Debt/total capitalization approximately 59% at June 30, 2015 ATM equity will reduce financial leverage over time Investment grade credit ratings Indicative of quality assets within…
TC PipeLines Growth Strategy Dropdowns from TransCanada TransCanada has committed to drop down all of its U.S. natural gas pipeline assets into TCP over time as its capital program progresses Dropdown of remaining 30 percent of…
TC PipeLines, LP - Investment Proposition Track Record of Stable and Growing Cash Distributions 16 consecutive years of distribution increases 6% increase in quarterly distribution in July, 2015 Expect annual increase at least at…
Second Quarter 2015 Conference Call August 6, 2015
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