| | Business Summary | | TC
Pipelines,
LP
and
its
subsidiary
limited
partnership,
TC
Pipelines
Intermediate
Limited
Partnership
(collectively,
TC
PipeLines
or
the
Partnership),
were
formed
by
TransCanada
PipeLines
Limited
to
acquire,
own
and
participate
in
the
management
of
United
States-based
pipeline
assets.
A
wholly
owned
subsidiary
of
TransCanada,
TC
Pipelines
GP,
Inc.,
serves
as
the
general
partner
of
the
Partnership.
The
Company
owns
a
30%
interest
in
Northern
Border
Pipeline
Company
and
a
49%
interest
in
Tuscarora
Gas
Transmission
Company.
Northern
Border
Pipeline
owns
a
1,214-mile
United
States
interstate
pipeline
system
that
currently
transports
natural
gas
from
the
Montana-Saskatchewan
border
to
natural
gas
markets
in
the
Midwestern
United
States.
Northern
Border
Pipeline
connects
with
multiple
pipelines,
which
allow
its
shippers
to
access
the
various
natural
gas
markets
served
by
those
pipelines. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | TC
Pipelines,
LP
acquires,
owns
and
participates
in
the
management
of
United
States
based
pipeline
assets.
The
Company
owns
a
30%
interest
in
Northern
Border
Pipeline
Co.,
which
transports
natural
gas
from
the
Montana-Saskatchewan
border
to
markets
in
the
midwestern
U.S.
For
the
six
months
ended
6/01,
revenue
rose
26%
to
$22
million.
Net
income
rose
22%
to
$20.1
million.
Results
reflect
higher
revenues
at
NBP,
and
equity
income
from
Tuscarora
Gas
Transmission
Company. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Ronald Turner, 46 | Pres,
CEO, Director | | Russell Girling, 37 | CFO | | Donald Marchand, 37 | VP,
Treasurer | | Gary Penrose, 57 | VP-
Taxation | | Paul MacGregor, 42 | VP-
Bus. Devel. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tclpz.gif)