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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): December 13, 2000
TC PipeLines, LP
(Exact name of registrant as specified in its charter)
Delaware 000-26091 52-2135448
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
110 Turnpike Road, Suite 203 01581
Westborough, Massachusetts (Zip Code)
(Address of principal executive offices)
(508) 871-7046
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such report(s), and (2) has been subject to such filing
requirements for the past 90 days.
Yes /X/ No / /
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ITEM 5. OTHER EVENTS
5.1
On December 13, 2000, TC PipeLines, LP announced that Garry P. Mihaichuk,
President, Chief Executive Officer and a director of its general partner
resigned to pursue other interests.
The Board of Directors of the general partner appointed Ronald J. Turner to
succeed Mr. Mihaichuk as President and Chief Executive Officer of the general
partner. Mr. Turner was elected to the general partner's board of directors in
April 1999. Mr. Turner, currently Executive Vice-President, International of
TransCanada PipeLines Limited, the parent company of the general partner, has
also been appointed Executive Vice-President, Engineering and Operations for
TransCanada.
Dennis McConaghy, Senior Vice-President, Business Development of North American
Pipeline Ventures at TransCanada has been appointed to fill the vacant board
position created by the resignation of Mr. Mihaichuk as a director of the
general partner of TC PipeLines, LP.
5.2
On December 14, 2000, Northern Border Pipeline Company ("Northern Border
Pipeline"), a partnership in which TC PipeLines, LP indirectly holds a 30%
general partner interest, announced that it received Federal Energy Regulatory
Commission ("FERC") approval of its rate case settlement which was filed with
the FERC in September 2000. The settlement includes the conversion of Northern
Border Pipeline's form of tariff from cost of service to stated rates based on a
straight fixed variable rate design. For a discussion of the expected effect of
the approval of the rate case settlement on TC PipeLines, LP, see the Current
Report on Form 8-K filed on October 3, 2000.
Certain statements in this Form 8-K are forward looking and relate to, among
other things anticipated financial performance, business prospects and
strategies. By their nature, such statements are subject to various risks and
uncertainties which could cause TC PipeLines, LP's actual results to differ
materially from the anticipated results. Such risks and uncertainties include,
but are not limited to: regulatory decisions, particularly those of the Federal
Energy Regulatory Commission; future demand for natural gas; and prevailing
economic conditions. For further information on additional risks and
uncertainties, you are advised to consult TC PipeLines, LP's Report on Form 10-K
under the heading "Forward Looking Information".
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TC PipeLines, LP
By TC PipeLines GP, Inc.,
its general partner
(Registrant)
December 20, 2000 By: /s/ Theresa Jang
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Theresa Jang
Controller
