TC PipeLines, LP Acknowledges Statements By Sponsor Regarding the Impact of 2018 FERC Actions
TC PIPELINES LP (TCP)
Last tc pipelines lp earnings: 11/7 07:30 am
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US:NYSE Investor Relations:
tcpipelineslp.com/investor-center.html
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Source: GlobeNewswire
HOUSTON, April 27, 2018 (GLOBE NEWSWIRE) -- News Release – TC PipeLines, LP (NYSE:TCP) (the Partnership) today acknowledged statements regarding the Partnership by TransCanada Corporation (TransCanada), the ultimate parent company of the Partnership’s General Partner, in its Quarterly Report to Shareholders for the quarter ended March 31, 2018. These statements were made in response to the recent Federal Energy Regulatory Commission (FERC) actions of March 15, 2018 (2018 FERC Actions). In that report, TransCanada commented that, in the absence of changes to the 2018 FERC Actions or any other mitigation measures, further dropdowns of assets into the Partnership are not considered to be a viable funding lever for TransCanada and it is uncertain whether TCP will be restored as a competitive financing option in the future. TransCanada also noted that U.S. natural gas pipelines owned by TC PipeLines, LP are expected to be adversely impacted by the 2018 FERC Actions, if enacted as prop
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