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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
Date of Report (Date of earliest event reported): September 17, 2004
TC PIPELINES, LP
(Exact name of registrant as specified in its charter)
DELAWARE 000-26091 52-2135448
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
110 TURNPIKE ROAD, SUITE 203
WESTBOROUGH, MASSACHUSETTS 01581
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (508) 871-7046
NOT APPLICABLE
(Former name or former address, if changed since last report.)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01 REGULATION FD DISCLOSURE
TC PipeLines, LP owns a 30% general partner interest in Northern Border Pipeline
Company ("Northern Border Pipeline"). The remaining 70% is owned by Northern
Border Partners, L.P. ("Northern Border Partners"), a publicly traded limited
partnership. Two of Northern Border Partners' general partners, Northern Plains
Natural Gas Company and Pan Border Gas Company, are owned by CrossCountry
Energy, LLC ("Cross Country"), which is currently owned by Enron Corp.
("Enron"). The additional general partner, Northwest Border Pipeline Company
with a 17.5 percent of the general partnership interest, is owned by a
subsidiary of TransCanada Corporation.
On September 1, 2004, Enron announced that it had reached an agreement with CCE
Holdings, LLC ("CCE Holdings"), a joint venture of Southern Union Company
("Southern Union") and GE Commercial Finance's Energy Financial Services ("GE"),
for the sale of CrossCountry. On September 10, 2004, Southern Union announced
that it and its partner GE had received bankruptcy court approval for their
purchase of Cross Country.
On September 17, 2004, Northern Border Partners issued a press release advising
that Southern Union Company and ONEOK, Inc. had each announced that ONEOK has
entered into an agreement to purchase Northern Plains Natural Gas Company from
CCE Holdings for $175 million. Also included in the sale is NBP Services
Corporation, which provides administrative and operating services to Northern
Border Partners. A copy of Northern Border Partners' press release is attached
as Exhibit 99.1.
The information in Item 7.01 of this report is being furnished, not filed,
pursuant to Regulation FD. Accordingly, the information in Item 7.01 of this
report will not be incorporated by reference into any registration statement
filed by the Partnership under the Securities Act of 1933, as amended, unless
specifically identified therein as being incorporated therein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Northern Border Partners, L.P. press release dated September 17, 2004.
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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.
TC PipeLines, LP
By: TC PipeLines GP, Inc.,
its general partner
Date: September 17, 2004 By: /s/ Russell K. Girling
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Russell K. Girling
Chief Financial Officer