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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2012
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 18    SUBSEQUENT EVENTS

On January 17, 2013, the board of directors of our General Partner declared the Partnership's fourth quarter 2012 cash distribution in the amount of $0.78 per common unit. The fourth quarter cash distribution, which was paid on February 14, 2013 to unitholders of record as of January 29, 2013, totaled $43 million and was paid in the following manner: $42 million to common unitholders (including $5 million to the General Partner as holder of 5,797,106 common units and $9 million to TransCanada as holder of 11,287,725 common units) and $1 million to the General Partner in respect of its two percent general partner interest.

Great Lakes declared its fourth quarter 2012 distribution of $14 million on January 11, 2013, of which the Partnership received its 46.45 percent share or $6 million. The distribution was paid on February 1, 2013.

Northern Border declared its fourth quarter 2012 distribution of $43 million on February 1, 2013, of which the Partnership received its 50 percent share or $22 million. The distribution was paid on February 1, 2013.

GTN declared its fourth quarter 2012 distribution of $22 million on January 11, 2013, of which the Partnership received its 25 percent share or $6 million. The distribution was paid on February 1, 2013.

Bison declared its fourth quarter 2012 distribution of $15 million on January 11, 2013, of which the Partnership received its 25 percent share or $4 million. The distribution was paid on February 1, 2013.

In January 2013, FERC gave final approval for the Northern Border Settlement to become effective January 1, 2013.