8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934

       Date of Report (Date of earliest event reported): November 29, 2001

                                TC PipeLines, LP
             (Exact name of registrant as specified in its charter)

          Delaware                      000-26091                52-2135448
(State or other jurisdiction           (Commission            (I.R.S. Employer
     of incorporation)                 File Number)          Identification No.)

         110 Turnpike Road, Suite 203                           01581
          Westborough, Massachusetts                          (Zip Code)
  (Address of principal executive offices)

                                 (508) 871-7046
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such report(s), and (2) has been subject to such filing
requirements for the past 90 days.

Yes [X]  No [ ]





ITEM 5.   OTHER EVENTS

     The Registrant is filing herewith a copy of its press release filed on
November 29, 2001.

ITEM 7.   EXHIBITS

     99.1 TC PipeLines, LP press release dated November 29, 2001.




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 thereunto duly authorized.

                                   TC PipeLines, LP
                                   By TC PipeLines GP, Inc.,
                                   its general partner
                                   (Registrant)

December 3, 2001                   By: /s/ THERESA JANG
                                       -----------------------------------------
                                       Theresa Jang
                                       Controller




                                  EXHIBIT INDEX



Exhibit No.
         
   99.1     TC PipeLines, LP press release dated November 29, 2001.

EX-99.1

                                                                    Exhibit 99.1

                                                         [TC PipeLines, LP Logo]



TC PipeLines, LP Financial Condition Not Materially Impacted by Enron

Calgary, Alberta - November 29, 2001 - (Nasdaq: TCLPZ) - TC PipeLines, LP (the
Partnership) today announced that based on currently available information, the
recent downgrading of Enron Corp.'s credit ratings and other events involving
Enron, should not have a material adverse impact on the Partnership's financial
condition. However, it is premature to determine with certainty whether and to
what extent the Partnership may be impacted by these events. The Partnership
holds a 30% general partner interest in Northern Border Pipeline Company. The
other 70% general partner interest is held by Northern Border Partners, L.P., a
publicly traded limited partnership, of which Enron controls two of its three
general partners. Northern Border Partners, L.P. is not affiliated with TC
PipeLines, LP.

As detailed in the Partnership's September 30, 2001 Quarterly Report on Form
10-Q, Northern Border Pipeline has a number of relationships with Enron.
Northern Plains Natural Gas Company, a wholly owned subsidiary of Enron,
provides operating and administrative services for Northern Border Pipeline.
Certain of the services are provided through other Enron subsidiaries. The
Partnership believes that Northern Plains will continue to be able to meet its
obligations to provide operational and administrative services under the
existing agreements.

Northern Border Pipeline has an aggregate financial exposure over the next 12
months of approximately $9 million (2.8 percent) of annual revenues under its
firm transportation contracts with Enron North America (ENA), a wholly owned
subsidiary of Enron. The Partnership believes that even if ENA fails to perform
its obligations under the firm transportation contracts it will not have a
material adverse impact on Northern Border Pipeline's financial condition. In
addition, under certain circumstances Northern Border Pipeline has the right to
re-market this capacity to other shippers. If Northern Border Pipeline is unable
to re-market this capacity, the aggregate financial impact from this revenue
shortfall over the next 12 months is approximately $2.7 million to TC PipeLines,
LP.

The Partnership plans to continue to monitor developments at Enron and to
continue to assess the impact these events may have




on Northern Border Pipeline and to take appropriate action to protect the
interests of the Partnership and its unitholders.

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 1,249-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 Stock Market and trade under the symbol "TCLPZ". For more information
about TC PipeLines, LP, visit the Partnership's website at
www.tcpipelineslp.com.


                                     - 30 -


Media Inquiries:           Glenn Herchak /
                           Kurt Kadatz                         (403) 920-7859

Unitholder and
Analyst Inquiries:         Theresa Jang                        (403) 920-2050
                           Toll-free                           (877) 290-2772

This news release includes forward-looking statements regarding future events
and the future financial performance of TC PipeLines, LP. All forward-looking
statements are based on the Partnership's beliefs as well as assumptions made
by and information currently available to the Partnership. When used herein,
words such as "believes", "expects", "intends", "forecasts", "projects", and
similar expressions, identify forward-looking statements within the meaning
of the Securities Litigation Reform Act. These statements reflect the
Partnership's current views with respect to future events and are subject to
various risks, uncertainties and assumptions including 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, and other risks discussed in detail in the Partnership's
filings with the Securities and Exchange Commission, including the
Partnership's Annual Report on Form 10-K for the year ended December 31,
2000. If one or more of these risks or uncertainties materialize, or if the
underlying assumptions prove incorrect, actual results may vary materially
from those described in the forward-looking statement. Except as required by
applicable securities laws, TC PipeLines, LP does not intend to update these
forward-looking statements.