TC PipeLines, LP (the Partnership) has announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s first quarter 2020 cash distribution of US$0.65 per common unit. The distribution is unchanged from the distributions declared for each quarter of 2019.
“TC PipeLines, LP is pleased to announce its 84th consecutive quarterly distribution. Our assets provide essential energy delivery every day to ensure the most important functions of our country can run uninterrupted even under the most challenging times,” said Nathan Brown, President of TC PipeLines, GP, Inc. “The utility demand-pull nature of much of our long-term, take-or-pay contracted capacity, together with the fundamental market strength of our assets and the credit stability of our customer group, underscores the resilience of our business model through these times with the health and safety of all of our stakeholders a paramount value.”
This cash distribution is payable on 12 May 2020 to unitholders of record at the close of business on 1 May 2020.
About TC PipeLines, LP
TC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated US interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeastern US. The Partnership is managed by its general partner, TC PipeLines GP, Inc., a subsidiary of TC Energy Corporation.
Read the article online at: https://www.worldpipelines.com/business-news/22042020/tc-pipelines-announces-1q20-cash-distribution/
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