TC PipeLines, LP Announces First Quarter Distribution and Schedules Conference Call

Apr 19, 2001, 01:00 ET from TC Pipelines, LP

    CALGARY, April 19 /PRNewswire/ - (Nasdaq NM: TCLPZ) - The board of
 directors of TC PipeLines GP, Inc., the general partner of TC PipeLines, LP
 (the Partnership), today announced the declaration of the Partnership's 2001
 first quarter distribution in the amount of US$0.475 per unit.  This
 distribution is payable on May 15, 2001 to unitholders of record as of April
 30, 2001.
     The Partnership also announced today that 2001 first quarter net income
 per unit is expected to exceed the consensus estimate of US$0.51 per unit due
 to better than expected performance from the Partnership's assets. The
 Partnership plans to release 2001 first quarter earnings on April 25, 2001
 before markets open, followed by a conference call at 4:00 p.m. (eastern).
 During this call, TC PipeLines, LP's senior executives will review the
 Partnership's 2001 first quarter results. Those interested in listening to the
 call can dial 1-800-273-9672. A replay of the conference call will also be
 available from 6:00 p.m. (eastern) on April 25 until May 2, 2001 by dialing
 1-800-408-3053 then entering passcode 631158.
     A live web cast of the conference call will also be available through the
 Partnership's website at www.tcpipelineslp.com in the "Newsroom" section,
 under "Presentations". An audio replay of the call will be maintained on the
 website until May 2, 2001.
     TC PipeLines, LP is a publicly held limited partnership. It owns a 30%
 interest in Northern Border Pipeline Company, a Texas general partnership, and
 a 49% interest in Tuscarora Gas Transmission Company, a Nevada general
 partnership. Northern Border Pipeline owns a 1,214-mile United States
 interstate pipeline system that transports natural gas from the Montana-
 Saskatchewan border to markets in the midwestern United States. Tuscarora owns
 a 229-mile United States interstate pipeline system that transports natural
 gas from Oregon, where it interconnects with facilities of PG&E National
 Energy Group, Gas Transmission Northwest, to northern Nevada. TC PipeLines, LP
 is managed by its general partner, TC PipeLines GP, Inc., a wholly owned
 subsidiary of TransCanada PipeLines Limited. Subsidiaries of TransCanada also
 hold common and subordinated units of the Partnership. Common units of TC
 PipeLines, LP are quoted on the Nasdaq National Market and trade under the
 symbol "TCLPZ". For more information about TC PipeLines, LP, visit the
 Partnership's website at www.tcpipelineslp.com.
 
     Certain statements in this news release are forward-looking and relate
 to, among other things, anticipated financial performance, business prospects
 and strategies. By their nature, such statements are subject to various risks
 and uncertainties which could cause TC PipeLines' actual results and
 experience to differ materially from the anticipated results. Such risks and
 uncertainties include, but are not limited to: regulatory decisions,
 particularly those of the Federal Energy Regulatory Commission; cost of
 acquisitions; future demand for natural gas; overcapacity in the industry; and
 prevailing economic conditions, particularly conditions of the capital and
 equity markets. For further information on additional risks and uncertainties,
 you are advised to consult TC PipeLines' 2000 Report on Form 10-K under the
 heading "Forward Looking Information".
 
 

SOURCE TC Pipelines, LP
    CALGARY, April 19 /PRNewswire/ - (Nasdaq NM: TCLPZ) - The board of
 directors of TC PipeLines GP, Inc., the general partner of TC PipeLines, LP
 (the Partnership), today announced the declaration of the Partnership's 2001
 first quarter distribution in the amount of US$0.475 per unit.  This
 distribution is payable on May 15, 2001 to unitholders of record as of April
 30, 2001.
     The Partnership also announced today that 2001 first quarter net income
 per unit is expected to exceed the consensus estimate of US$0.51 per unit due
 to better than expected performance from the Partnership's assets. The
 Partnership plans to release 2001 first quarter earnings on April 25, 2001
 before markets open, followed by a conference call at 4:00 p.m. (eastern).
 During this call, TC PipeLines, LP's senior executives will review the
 Partnership's 2001 first quarter results. Those interested in listening to the
 call can dial 1-800-273-9672. A replay of the conference call will also be
 available from 6:00 p.m. (eastern) on April 25 until May 2, 2001 by dialing
 1-800-408-3053 then entering passcode 631158.
     A live web cast of the conference call will also be available through the
 Partnership's website at www.tcpipelineslp.com in the "Newsroom" section,
 under "Presentations". An audio replay of the call will be maintained on the
 website until May 2, 2001.
     TC PipeLines, LP is a publicly held limited partnership. It owns a 30%
 interest in Northern Border Pipeline Company, a Texas general partnership, and
 a 49% interest in Tuscarora Gas Transmission Company, a Nevada general
 partnership. Northern Border Pipeline owns a 1,214-mile United States
 interstate pipeline system that transports natural gas from the Montana-
 Saskatchewan border to markets in the midwestern United States. Tuscarora owns
 a 229-mile United States interstate pipeline system that transports natural
 gas from Oregon, where it interconnects with facilities of PG&E National
 Energy Group, Gas Transmission Northwest, to northern Nevada. TC PipeLines, LP
 is managed by its general partner, TC PipeLines GP, Inc., a wholly owned
 subsidiary of TransCanada PipeLines Limited. Subsidiaries of TransCanada also
 hold common and subordinated units of the Partnership. Common units of TC
 PipeLines, LP are quoted on the Nasdaq National Market and trade under the
 symbol "TCLPZ". For more information about TC PipeLines, LP, visit the
 Partnership's website at www.tcpipelineslp.com.
 
     Certain statements in this news release are forward-looking and relate
 to, among other things, anticipated financial performance, business prospects
 and strategies. By their nature, such statements are subject to various risks
 and uncertainties which could cause TC PipeLines' actual results and
 experience to differ materially from the anticipated results. Such risks and
 uncertainties include, but are not limited to: regulatory decisions,
 particularly those of the Federal Energy Regulatory Commission; cost of
 acquisitions; future demand for natural gas; overcapacity in the industry; and
 prevailing economic conditions, particularly conditions of the capital and
 equity markets. For further information on additional risks and uncertainties,
 you are advised to consult TC PipeLines' 2000 Report on Form 10-K under the
 heading "Forward Looking Information".
 
 SOURCE TC Pipelines, LP