Document

0000099070-18-000004.txt : 20180216 0000099070-18-000004.hdr.sgml : 20180216 20180216142915 ACCESSION NUMBER: 0000099070-18-000004 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180216 DATE AS OF CHANGE: 20180216 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: 18620684 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 tcplform6k12312017.htm TCPL EARNINGS COVERAGE 6-K YE2017 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 2018

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): o

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): o

Exhibit 99.1 to this report, filed on Form 6-K, shall be incorporated by reference into the following Registration Statements under the Securities Act of 1933, as amended, of the registrant: Form F-10 (Reg. No. 333-221898).

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 16, 2018



	TRANSCANADA PIPELINES LIMITED

	By:	/s/ Donald R. Marchand
		Donald R. Marchand
		Executive Vice-President and Chief Financial Officer


	By:	/s/ Christine R. Johnston
		Christine R. Johnston
		Vice-President, Law and Corporate Secretary

EXHIBIT INDEX


1.	Schedule of earnings coverage calculations at December 31, 2017.

EX-99.1 2 tcplexhibit991-12312017.htm TCPL EARNINGS COVERAGE YE2017 Exhibit

TransCanada PipeLines Limited

EARNINGS COVERAGE

Supplemental Financial Information (unaudited)

Exhibit to the December 31, 2017 Consolidated Financial Statements

December 31, 2017

The following financial ratios have been calculated on a consolidated basis for twelve-month period ended December 31, 2017 and are 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:



	December 31, 2017
Earnings coverage on long-term debt and current liabilities	2.3 times
Earnings coverage on long-term debt and current liabilities excluding a net loss on the Sale of Assets and Energy East impairment charge during the twelve-month period ended December 31, 2017	2.6 times*

The Corporation’s interest obligations for the twelve-month period ended December 31, 2017 amounted to approximately $2.233 billion. The Corporation’s earnings before interest expense and income taxes amounted to approximately $5.105 billion for the twelve-month period ended December 31, 2017, which is 2.3 times the Corporation’s interest requirements for that period.

* The Corporation’s interest obligations for the twelve-month period ended December 31, 2017 amounted to approximately $2.233 billion. The Corporation’s earnings before interest expense and income taxes excluding a net loss on the Sale of Assets and Energy East impairment charge totalling $0.645 billion, amounted to approximately $5.750 billion for the twelve-month period ended December 31, 2017, which is 2.6 times the Corporation’s interest requirements for that period.