SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 22    SUBSEQUENT EVENTS

On January 16, 2014, the board of directors of our General Partner declared the Partnership's fourth quarter 2013 cash distribution in the amount of $0.81 per common unit. The fourth quarter cash distribution, which was paid on February 14, 2014 to unitholders of record as of January 28, 2014, totaled $52 million and was paid in the following manner: $51 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.

GTN declared its fourth quarter 2013 distribution of $28 million on January 9, 2014, of which the Partnership received its 70 percent share or $20 million. The distribution was paid on February 3, 2014.

Northern Border declared its fourth quarter 2013 distribution of $43 million on February 3, 2014, of which the Partnership received its 50 percent share or $21 million. The distribution was paid on February 3, 2014.

Bison declared its fourth quarter 2013 distribution of $17 million on January 9, 2014, of which the Partnership received its 70 percent share or $12 million. The distribution was paid on February 3, 2014.

Great Lakes declared its fourth quarter 2013 distribution of $12 million on January 9, 2014, of which the Partnership received its 46.45 percent share or $5 million. The distribution was paid on February 3, 2014.