0000099070-17-000004.txt : 20170217 0000099070-17-000004.hdr.sgml : 20170217 20170217151900 ACCESSION NUMBER: 0000099070-17-000004 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161231 FILED AS OF DATE: 20170217 DATE AS OF CHANGE: 20170217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08887 FILM NUMBER: 17621131 BUSINESS ADDRESS: STREET 1: 450 -1ST STREET SW STREET 2: P O BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039206411 MAIL ADDRESS: STREET 1: 450 I STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 6-K 1 tcpl12312016form6k.htm 6-K Document




SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of February 2017

Commission File No. 1-8887

TransCanada PipeLines Limited
(Translation of Registrant's Name into English)

450 - 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada
(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F                      o                      Form 40-F                      þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Exhibit 99.1 to this report, furnished on Form 6-K, shall be incorporated by reference into the following Registration Statement under the Securities Act of 1933, as amended, of the registrant: Form F-10 (File No. 333-208588).






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.

Date: February 17, 2017
 
TRANSCANADA PIPELINES LIMITED
 
 
 
 
By:
/s/ Donald R. Marchand
 
 
Donald R. Marchand
Executive Vice-President, Corporate Development and
Chief Financial Officer
 
 
 
 
By:
/s/ G. Glenn Menux
 
 
G. Glenn Menuz
Vice-President and Controller







EXHIBIT INDEX


99.1
Schedule of earnings coverage calculations at December 31, 2016.





EX-99.1 2 tcpl12312016exhibit991earn.htm EARNINGS COVERAGE RATIOS Exhibit
EXHIBIT 99.1

TransCanada PipeLines Limited
EARNINGS COVERAGE
Supplemental Financial Information (unaudited)
Exhibit to the Dec 31, 2016 Consolidated Financial Statements
December 31, 2016


The following financial ratio has been calculated on a consolidated basis for twelve-month period ended Dec 31, 2016 and is based on unaudited financial information. The financial ratios have been calculated based on financial information prepared in accordance with US generally accepted accounting principles. The following ratios have been prepared based on net income:
 
Dec 31, 2016
Earnings coverage on long-term debt and current liabilities
1.1 times


Earnings coverage on long-term debt and
current liabilities excluding non-cash impairment charges for Ravenswood Goodwill and Assets Held for Sale at December 31, 2016
2.0 times*

The Corporation’s interest obligations for the twelve-month period ended Dec 31, 2016 amounted to approximately $2.231 billion. The Corporation’s earnings before interest expense and income taxes amounted to approximately $2.541 billion for the twelve-month period ended Dec 31, 2016, which is 1.1 times the Corporation’s interest requirements for that period.
* The Corporation’s interest obligations for the twelve-month period ended Dec 31, 2016 amounted to approximately $2.231 billion. The Corporation’s earnings before interest expense and income taxes excluding the non-cash impairment charges for Ravenswood goodwill and Assets Held for Sale at December 31, 2016, of $1.914 billion, amounted to approximately $4.455 billion for the twelve-month period ended Dec 31, 2016, which is 2.0 times the Corporation’s interest requirements for that period.