UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
___________
FORM
8-K
CURRENT
REPORT
Pursuant
To Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of earliest event reported)
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January
20, 2010
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TC
PipeLines, LP
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(Exact
name of registrant as specified in its
charter)
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Delaware
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000-26091
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52-2135448
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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13710
FNB Parkway
Omaha,
Nebraska
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68154-5200
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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(877)
290-2772
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(Former
name or former address if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17
CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17
CFR 240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
January 20, 2010, TC PipeLines, LP announced that Russ Girling, Chairman and
Chief Executive Officer (CEO) of TC PipeLines GP, Inc., the General Partner of
the Partnership, will be resigning his positions with the General Partner
effective March 1, 2010 to focus on his role as Chief Operating Officer of
TransCanada Corporation.
Effective
March 1, 2010, Greg Lohnes is appointed Chairman of TC PipeLines GP, Inc. and
James Baggs is appointed to TC PipeLines GP, Inc.’s Board of Directors. Mark
Zimmerman will continue in his role as President, which he has held since
January 2007, and as the principal executive officer of the Partnership, he
will be responsible for all management activities previously handled by the
CEO.
Mr.
Lohnes has served as a director of the General Partner since January 2007. His
principal occupation is Executive Vice-President and Chief Financial Officer of
TransCanada Corporation, a position he has held since June 2006. Prior to June
2006, he was President and Chief Executive Officer of Great Lakes Gas
Transmission Company.
Mr. Baggs
is currently a Vice President for TransCanada Corporation, responsible for its
Operations and Engineering functions across North America. He has been with the
company for 21 years.
A copy of
the press release announcing these changes is attached hereto as Exhibit
99.1.
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Item
9.01
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Financial Statements and
Exhibits.
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(d)
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Exhibits.
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99.1
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TC
PipeLines, LP News Release dated January 20,
2010.
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2
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 hereunto
duly authorized.
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TC
PipeLines, LP
by: TC
PipeLines GP, Inc.,
its
general partner
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By: /s/
Donald J.
DeGrandis
Donald J.
DeGrandis
Secretary
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Dated: January
20, 2010
3
Exhibit
99.1
NewsRelease
TC
PipeLines, LP Announces Leadership Change
and
Board Appointments
HOUSTON, Texas – January
20, 2010 – TC PipeLines, LP (Nasdaq: TCLP) (the Partnership) today
announced that Russ Girling, Chairman and Chief Executive Officer (CEO) of TC
PipeLines GP, Inc., the General Partner of the Partnership, will be resigning
his positions with the General Partner effective March 1, 2010 to focus on his
role as Chief Operating Officer of TransCanada Corporation.
“Russ has played a significant role in the strategy and
growth of the Partnership serving as a director since 1999 and more recently as
Chairman and CEO,” said Mark Zimmerman, President of the General Partner. “His
leadership has built a strong foundation for continued growth and success for
the Partnership.”
Effective March 1, 2010, Greg Lohnes is appointed Chairman
of TC PipeLines GP, Inc. and James Baggs is appointed to TC PipeLines GP, Inc.’s
Board of Directors. Mark Zimmerman will continue in his role as President and as
the principal executive officer of the Partnership, he will be responsible for
all management activities previously handled by the CEO.
Mr. Lohnes has served as director of the General Partner
since January 2007. His principal occupation is Executive Vice-President and
Chief Financial Officer of TransCanada Corporation, a position he has held since
June 2006. Prior to June 2006, he was President and Chief Executive Officer of
Great Lakes Gas Transmission Company.
Mr. Baggs is currently a Vice President for TransCanada
Corporation, responsible for its Operations and Engineering functions across
North America. He has been with the company for 21 years.
TC
PipeLines, LP has interests in approximately 3,700 miles of federally regulated
U.S. interstate natural gas pipelines, including Great Lakes Gas Transmission
Limited Partnership (46.45 per cent ownership), Northern Border Pipeline Company
(50 per cent ownership), North Baja Pipeline, LLC (100 per cent ownership) and
Tuscarora Gas Transmission Company (100 per cent ownership). Great Lakes is a
2,115-mile pipeline serving markets in Minnesota, Wisconsin, Michigan and
eastern Canada. The 1,249-mile Northern Border Pipeline transports natural gas
from the Montana-Saskatchewan border to markets in the midwestern United States.
North Baja is an 80-mile natural gas pipeline that extends from Southwestern
Arizona to a point on the California/Mexico border and connects with a natural
gas pipeline system in Mexico. Tuscarora owns a 240-mile pipeline system that
transports natural gas from Oregon, where it interconnectsTransCanada’s
Gas Transmission Northwest System, to markets in Oregon, Northern California,
and Northwestern Nevada. TC PipeLines, LP is managed by its general partner, TC
PipeLinesGP, Inc.,
an indirect wholly owned subsidiary of TransCanada Corporation. TC PipeLines GP,
Inc. also holds common units of TC PipeLines, LP. Common units of TC PipeLines,
LP are quoted on the NASDAQ Stock Market and trade under the symbol “TCLP.” For
more information about TC PipeLines, LP, visit the Partnership’s website at
www.tcpipelineslp.com.
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Media Inquiries:
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Cecily
Dobson/Terry Cunha
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(403)
920-7859
(800)
608-7859
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Unitholder
and Analyst Inquiries:
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Terry
Hook
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(877)
290-2772
investor_relations@tcpipelineslp.com
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