CASH DISTRIBUTIONS (Tables)

12 Months Ended

Dec. 31, 2019

CASH DISTRIBUTIONS

Schedule of allocations of available cash from operating surplus between common unitholders and General Partner

		Marginal Percentage
		Interest in Distribution
	Total Quarterly Distribution	Common		General
	Per Unit Target Amount	Unitholders		Partner
Minimum Quarterly Distribution	$0.45	98	%	2	%
First Target Distribution	above $0.45 up to $0.81	98	%	2	%
Second Target Distribution	above $0.81 up to $0.88	85	%	15	%
Thereafter	above $0.88	75	%	25	%

Schedule of distributions

				Limited Partners				General Partner
		Per Unit		Common		Class B						Total Cash
Declaration Date	Payment Date	Distribution		Units		Units(b)		2%		IDRs(a)		Distribution
1/23/2017	2/14/2017	$	0.94	$	64	$	22	$	2	$	2	$	90
4/25/2017	5/15/2017	$	0.94	$	65	$	—	$	1	$	2	$	68
7/20/2017	8/11/2017	$	1.00	$	69	$	—	$	2	$	3	$	74
10/24/2017	11/14/2017	$	1.00	$	70	$	—	$	1	$	3	$	74
1/23/2018	2/13/2018	$	1.00	$	71	$	15	$	2	$	3	$	91
5/1/2018	5/15/2018	$	0.65	$	46	$	—	$	1	$	—	$	47
7/26/2018	8/15/2018	$	0.65	$	46	$	—	$	1	$	—	$	47
10/23/2018	11/14/2018	$	0.65	$	46	$	—	$	1	$	—	$	47
1/22/2019	2/11/2019	$	0.65	$	46	$	13	$	1	$	—	$	60
4/23/2019	5/13/2019	$	0.65	$	46	$	—	$	1	$	—	$	47
7/23/2019	8/14/2019	$	0.65	$	46	$	—	$	1	$	—	$	47
10/22/2019	11/14/2019	$	0.65	$	46	$	—	$	1	$	—	$	47
1/21/2020 (c)	2/14/2020 (c)	$	0.65	$	46	$	8	$	1	$	—	$	55

(a) The distributions paid during the year ended December 31, 2019 included no incentive distributions to the General Partner (2018 - $3 million, 2017 - $10 million).

(b) The Class B units issued by us on April 1, 2015 represent limited partner interests in us and entitle TC Energy to an annual distribution which is an amount based on 30 percent of GTN’s annual distributions after exceeding certain annual thresholds and adjustments (refer to Note 11)

(c) On February 14, 2020, we paid a cash distribution of $0.65 per unit on our outstanding common units to unitholders of record at the close of business on January 31, 2020 (refer to Note 24).