0000099070-20-000008.txt : 20200730 0000099070-20-000008.hdr.sgml : 20200730 20200730095857 ACCESSION NUMBER: 0000099070-20-000008 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200730 DATE AS OF CHANGE: 20200730 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: 201059592 BUSINESS ADDRESS: STREET 1: 450 - 1ST STREET SW STREET 2: PO BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039206411 MAIL ADDRESS: STREET 1: 450 - 1ST STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 6-K 1 tcplform6k-06302020xearnin.htm TCPL FORM 6-K DATED JULY 30, 2020 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 July 2020

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, 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. 333-235546).








EXHIBIT INDEX








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: July 30, 2020
TRANSCANADA PIPELINES LIMITED
 
 
 
 
By:
/s/ Donald R. Marchand
 
 
Donald R. Marchand
 
 
Executive Vice-President, Strategy & Corporate Development and Chief Financial Officer
 
 
 
 
By:
/s/ G. Glenn Menuz
 
 
G. Glenn Menuz
 
 
Vice-President and Controller



 EX-99.1 2 exhibit991-tcpl06302020xea.htm EXHIBIT 99.1 EARNINGS COVERAGE RATIOS Exhibit


EXHIBIT 99.1

TransCanada PipeLines Limited
EARNINGS COVERAGE
Supplemental Financial Information (unaudited)
Exhibit to the June 30, 2020 Consolidated Financial Statements of TC Energy Corporation
June 30, 2020


The following financial ratios have been calculated on a consolidated basis for twelve-month period ended June 30, 2020 and are based on unaudited financial information of TransCanada PipeLines Limited (the Corporation). 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:
 
June 30, 2020
 
 
Earnings coverage on long-term debt and current liabilities
2.7 times
 
 
Earnings coverage on long-term debt and
current liabilities excluding loss on U.S. Northeast power marketing contracts and net loss on the sale of assets during the twelve-month period ended June 30, 2020
2.7 times*

The Corporation’s interest obligations for the twelve-month period ended June 30, 2020 amounted to approximately $2.609 billion. The Corporation’s earnings before interest expense and income taxes amounted to approximately $6.924 billion for the twelve-month period ended June 30, 2020, which is 2.7 times the Corporation’s interest requirements for that period.
* The Corporation’s interest obligations for the twelve-month period ended June 30, 2020 amounted to approximately $2.609 billion. The Corporation’s earnings before interest expense and income taxes, excluding loss on U.S. Northeast power marketing contracts and net loss on the sale of assets totalling $0.088 billion, amounted to approximately $7.012 billion for the twelve-month period ended June 30, 2020, which is 2.7 times the Corporation’s interest requirements for that period.