UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21725
Tortoise Energy Capital Corporation
(Exact name of registrant as specified in charter)
10801 Mastin Blvd., Suite 222, Overland Park, KS 66210
(Address of principal executive offices) (Zip code)
David J. Schulte, 10801 Mastin Blvd., Suite 222, Overland Park, KS 66210
(Name and address of agent for service)
Registrant's telephone number, including area code: 913-981-1020
Date of fiscal year end: November 30
Date of reporting period: June 30, 2007
Item 1. Proxy Voting Record
Company Name | Meeting Date | CUSIP | Ticker |
Energy Transfer Partners, L.P. | 8/15/2006 | 29273R109 | ETP |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Proposal to approve (a) a change in the terms of Class F units ro provide that each Class F unit is convertible into one common unit and (b) the issuance of additional common units upon such conversion. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Valero, L.P. | Consent Solicitation | 91913W104 | VLI |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. To approve the Valero GP, LLC Second Amended and Restated 2000 Long Term Incentive Plan, which incorporates the proposed amendments described in the Consent Solicitation Statement. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
TEPPCO Partners, L.P. | 10/26/2006 | 872384102 | TPP |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. To approve a proposal to revise certain provisions of the partnership agreement that relate to distributions and capital contributions, including reduction of general partner's maximum percentage interest in quarterly distributions from 50% to 5% | Issuer |
For | For | 2. To approve a proposal to change various voting percentage requirements of the partnership agreement. | Issuer |
For | For | 3. To approve a proposal to supplement and revise certain provisions of the partnership agreement that relate to conflicts of interest and fiduciary duties. | Issuer |
For | For | 4. To approve a proposal to make additional amendments to the partnership agreement to provide for certain registration rights of the general partner, for the maintenance of the separateness of the partnership from any other person or entity and other miscellaneous matters. | Issuer |
For | For | 5. To approve a proposal to issue units to the general partner as consideration for the IDR Reduction Amendment. | Issuer |
For | For | 6. To approve a proposal to approve the terms of the EPCO, Inc. 2006 TPP Long -Term Incentive Plan. | Issuer |
For | For | 7. To approve a proposal to approve the terms of the EPCO, Inc. TPP Employee Unit Purchase Plan. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Pacific Energy Partners, L.P. | 11/9/2006 | 69422R105 | PPX |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve and adopt the agreement and plan of merger dated 6/11/06, by and among Plains All American Pipeline, L.P., Plains AAP, L.P., Plains All American GP LLC, Pacific Energy Partners, L.P. Pacific Energy Management, LLC and Pacific Energy GP, LP as it may be amended from time to time, and the merger contemplated by the merger agreement. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Plains All American Pipeline, L.P. | 11/9/2006 | 726503105 | PAA |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve and adopt the agreement and plan of merger dated 6/11/06, by and among Plains All American Pipeline, L.P., Pacific Energy Partners, L.P. and the other parties thereto, as it may be amended from time to time, and the merger contemplated by the merger agreement. | Issuer |
For | For | 2. Approve the issuance of Plains common units to the common unitholders of Pacific (other than LB Pacific, L.P.) as provided in the merger agreement. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
ONEOK Partners, L.P. | 3/29/2007 | 68268N103 | OKS |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve a change in the terms of the Class B Units to provide for the conversin of all outstanding Class B Units into the same number of Common Units and the issuance of additional Common Units in such amount upon such conversion. | Issuer |
For | For | 2. Approve an amendment of the partnership agreement to allow the General Partner and its affiliates to vote the limited partnership interests held by them in connection with any future proposal to remove the General Partner and to provide for the payment of fair market value to the General Partner for the general partner interest in all cases where the General Partner is removed. | Issuer |
For | For | 3. Approve an adjournement of special meeting to a later date, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the foregoing proposals. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Magellan Midstream Partners, L.P. | 4/25/2007 | 559080106 | MMP |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. To elect John P. Desbarres, Patrick C. Eilers, and Thomas T. Macejko, Jr. to General Partner's Board of Directors | Issuer |
For | For | 2. Approve the amendment of Magellan Midstream Partners' Long-Term Incentive Plan, as amended and restated, to increase the total number of common units authorized to be issued under the Plan. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Valero GP Holdings, L.L.C. | 4/26/2007 | 91914G108 | VEH |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve election of William E. Greehey and Stan L. McLelland to the Board of Directors. | Issuer |
For | For | 2. Ratify appointment of KPMG, LLP as company's independent registered public accounting firm for 2007. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Energy Transfer Partners, L.P. | 5/1/2007 | 29273R10 | ETP |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve a change in the terms of the Class G Units to provide that each Class G Unit is convertible into one Common Unit and the issuance of additional Common Units upon such conversion. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Williams Partners, L.P. | 5/21/2007 | 96950F104 | WPZ |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Approve a change in the terms of the Class B Units to provide that each Class B Unit is convertible into one Common Unit and the issuance of additional Common Units upon such conversion. | Issuer |
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Company Name | Meeting Date | CUSIP | Ticker |
Copano Energy, L.L.C. | 5/24/2007 | 217202100 | CPNO |
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Vote | For/Against Management | Proposal | Proposed by Issuer or Security Holder |
For | For | 1. Election of James G. Crump, Ernie L. Danner, John R. Eckel, Jr., Scott A. Griffiths, Michael L. Johnson, T. William Porter, and William L. Thacker to the Board of Directors. | Issuer |
For | For | 2. Ratification of Deloitte & Touche LLP as independent accountants of Copano for the fiscal year ending December 31, 2007. | Issuer |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Tortoise Energy Capital Corporation
By (Signature and Title)* /s/ David J. Schulte
David J. Schulte, Chief Executive Officer and President
Date August 2, 2007
* Print the name and title of each signing officer under his or her signature.