TC Pipelines LP

TC Pipelines LP

TC Pipelines LP

Overview
Date Founded

1998

Headquarters

717 Texas Street,Suite 2400,Houston, TX 77002-2761

Type of Company

Public

Employees (Worldwide)

170

Industries

Oil & Gas

Company Description

TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc., which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer, Treasurer & Vice President

Vice President & General Manager, TC PipeLines GP, Inc

Controller, TC PipeLines GP, Inc. Director, US Pipeline Accounting Transcanada USA Services Inc

Vice President, Taxation, TC PipeLines GP, Inc. Director, US Taxation Transcanada USA Services Inc

Vice President, Taxation, TC PipeLines GP, Inc & Director, US Natural Gas Pipelines Taxation & Transcanada USA Services Inc

Director of the General Partner

Secretary, TC PipeLines GP, Inc. & Director, US Governance & Securities Law, Transcanada USA Services Inc

Manager-Investor Relations

Director, General Partner

Board of Directors

Chairman, TC PipeLines GP, Inc., Executive Vice President & President, US Natural Gas Pipelines Tc Energy at TC Energy Corp.

Director, General Partner at TC Pipelines LP

Former Director-Capital Markets & Assistant Treasurer at TC Energy Corp.

President, Chief Executive Officer & Director at TC Pipelines LP

Treasurer at Daybreak Youth Services

Director, Corporate Compliance & Legal Operations at TC Energy Corp.

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Owners & Shareholders
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EIP invests client accounts primarily in the equity securities of issuers in the Energy Industry. Energy infrastructure companies that pay out all or most of their available free cash flow are a core component of EIP's investment strategy. With respect to some of the Funds, the firm may utilize leverage to achieve the funds' intended results. They may also enter into swap agreements, repurchase agreements, options either over the counter or exchange traded, short positions on debt and equity securities, flex options, futures or other derivatives transactions which, though they may not strictly constitute leverage or borrowing, may nonetheless increase a Fund's liabilities. In addition to equities, EIP may utilize debt instruments in its investment strategies, either as stand-alone investments or for the purpose of collateralizing open derivatives positions.

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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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BIM is a global investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments in below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, BIM have incorporates a value-based approach and a long-term investment horizon. They use a bottom-up security selection process that seeks to identify and capitalize on out-of-favor sectors and companies. BIM also offers fixed income and equity blend strategy (real assets solutions).

Recent Transactions
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TC Pipelines LP purchases Iroquois Gas Transmission System LP from TC Energy Corp.

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TC Pipelines LP purchases Portland Natural Gas Transmission System LP from TC Energy Corp.

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TC Pipelines LP, TC PipeLines Intermediate LP purchase Portland Natural Gas Transmission System LP from TC Energy Corp.

Transaction Advisors
Legal Advisor

Advised onTC Pipelines LP, TC PipeLines Intermediate LP purchase Gas Transmission Northwest LLC from TC Energy Corp.

Auditor

Advised onTC Pipelines LP issued Common Units

Investment Advisor

Advised onTC Pipelines LP, TC PipeLines Intermediate LP purchase Gas Transmission Northwest LLC from TC Energy Corp.

Legal Advisor

Advised onTC Pipelines LP, TC PipeLines Intermediate LP purchase Gas Transmission Northwest LLC from TC Energy Corp.

Legal Advisor

Advised onTC Pipelines LP issued Common Units

Lender

Advised onTC Pipelines LP, TC PipeLines Intermediate LP purchase Gas Transmission Northwest LLC from TC Energy Corp.

Advisors & Consultants
Legal Advisor

Partner at Orrick, Herrington & Sutcliffe LLP

Legal Advisor

Managing Partner at Weil, Gotshal & Manges LLP

Clients

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The firm specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

With 4.4 million customers and more than 43,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for energy innovation, excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company and its subsidiaries are leading the nation's nuclear renaissance through the construction of the first new nuclear units to be built in a generation of Americans and are demonstrating their commitment to energy innovation through the development of a state-of-the-art coal gasification plant. Southern Company has been recognized by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer and listed by DiversityInc as a top company for Blacks. The company received the 2012 Edison Award from the Edison Electric Institute for its leadership in new nuclear development, was named Platts' 2011 Power Company of the Year and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings.

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental's wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer.Occidental's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver lasting results. With approximately 35,000 employees and contractors worldwide at year-end 2015, they are committed to being a Partner of Choice® everywhere they operate. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company's worldwide operations.

Key Stats and Financials As of 2018
Market Capitalization
$2.83B
Total Enterprise Value
$4.49B
Earnings Per Share
$-2.68
Revenue
$549M
Net Profit
$-191M
EBITDA
$448M
EBITDAMargin
81.6%
Total Debt
$2.11B
Total Equity
$699M
Enterprise Value Sales
8.17x
Enterprise Value EBITDAOperating
10.01x
TEVNet Income
-23.49x
Debt TEV
0.47x
Three Year Compounded Annual Growth Rate Of Revenue
16.86%
Five Year Compounded Annual Growth Rate Of Revenue
9.99%
Non-Profit Donations & Grants
$171K
2011
Suppliers
TC Energy Corp. IT Consulting & Services | Calgary, AB

at Transcanada, we build and operate the energy infrastructure that North America needs. Experts in our field, known for our solid financial track record, for our integrity and high standards of corporate governance and business ethics, we are committed to being a good neighbour. With more than 60 years experience, TransCanada is a leader in the responsible development and reliable and safe operation of North American energy infrastructure. Our network of wholly owned and affiliated pipelines taps into virtually all major natural gas supply basins in North America. TransCanada leads the North American pipeline industry and the world in system integrity. We’ve demonstrated an exceptional record of system reliability and safety. With increasing production from oil sands in Alberta, and growing demand for secure, reliable sources of energy, TransCanada has identified opportunities to develop oil pipeline capacity, complementing our natural gas transmission business, drawing on our extensive pipelines experience and offering an efficient way to maximize the value of our current pipeline assets. TransCanada is one of the continent’s largest providers of gas storage and related services. A growing independent power producer, TransCanada owns, controls or is developing more than 10,800 megawatts of power generation

Trencap SEC Montréal, QC

Trencap SEC distributes and supplies natural gas. The company is headquartered in Montréal, Canada.

Tidewater Midstream & Infrastructure Ltd. engages in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities. The company also engages in purchasing, selling and transportation of natural gas liquids throughout North America and export to overseas markets. Its midstream and infrastructure activities include gathering, processing and transportation, marketing and extraction of natural gas and NGL. Tidewater Midstream & Infrastructure was founded on February 4, 2015 and is headquartered in Calgary, Canada.

Competitors
Kinder Morgan, Inc. Oil & Gas - HOUSTON, TX

Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Pembina Pipeline Corp. Oil & Gas - Calgary, AB

Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: liquids and natural gas pipelines, conventional pipeline assets, transmission pipeline assets, oil sands, and heavy oil assets. The liquids and natural gas pipelines segment is to provide safe, responsible, reliable and cost-effective transportation services for customers. The conventional pipeline assets segment comprise a strategically located network of pipelines and related infrastructure including various hubs and terminals. The transmission pipelines segment provides customers with access to premium markets primarily on a take-or-pay basis under extendible long-term contracts. The oil sands and heavy oil assets segment provide services predominantly under long-term, extendible contracts. The company was founded on September 29, 1954 and is headquartered in Calgary, Canada.

Enbridge Income Fund Holdings, Inc. Trusts & Funds - Calgary, AB

Enbridge Income Fund Holdings, Inc. operates as an close-ended investment fund, which engages in the investment in its fund. The fund's business comprises of the transportation, storage, and generation of energy. It operates through the following business segments: Liquid Pipelines, Gas Pipelines, and Green Power. The Liquids Pipelines segment consists of common carrier and contract pipelines, feeder pipelines, and gathering systems that transport crude oil, natural gas liquids, and terminals. The Gas Pipelines segment transports liquids-rich natural gas through the Alliance Pipeline system. The Green Power segment operates wind facilities, solar facilities, and waste heat recovery facilities. The The company was founded on March 26, 2010 and is headquartered in Calgary, Canada.

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