0000099070-21-000012.txt : 20210729 0000099070-21-000012.hdr.sgml : 20210729 20210729090627 ACCESSION NUMBER: 0000099070-21-000012 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210729 DATE AS OF CHANGE: 20210729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 980055953 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08887 FILM NUMBER: 211125195 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-06302021xearnin.htm TCPL FORM 6-K DATED JULY 29, 2021 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 2021

Commission File No. 1-8887

TransCanada PipeLines Limited
(Translation of Registrants’ Names 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 Statements under the Securities Act of 1933, as amended, of the registrant: Form F-10 (File Nos. 333-235546 and 333-253333).










EXHIBIT INDEX






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date: July 29, 2021TRANSCANADA PIPELINES LIMITED
 By:/s/ Donald R. Marchand
  Donald R. Marchand
  Executive Vice-President and Chief Financial Officer
   
 By:/s/ G. Glenn Menuz
  G. Glenn Menuz
  Vice-President and Controller


 EX-99.1 2 exhibit991-tcpl06302021xea.htm EXHIBIT 99.1 EARNINGS COVERAGE RATIOS Document
EXHIBIT 99.1
TransCanada PipeLines Limited
EARNINGS COVERAGE
Supplemental Financial Information (unaudited)
Exhibit to the June 30, 2021 Consolidated Financial Statements of TC Energy Corporation
June 30, 2021


The following financial ratios have been calculated on a consolidated basis for twelve-month period ended June 30, 2021 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, 2021
Earnings coverage on long-term debt and current liabilities1.8 times
Earnings coverage on long-term debt and current liabilities excluding loss on sale of Ontario natural gas-fired power plants, Keystone XL asset impairment charge, and gain on partial sale of Coastal GasLink during the twelve-month period ended June 30, 2021
3.1 times*

The Corporation’s interest obligations for the twelve-month period ended June 30, 2021 amounted to approximately $2.405 billion. The Corporation’s earnings before interest expense and income taxes amounted to approximately $4.360 billion for the twelve-month period ended June 30, 2021, which is 1.8 times the Corporation’s interest requirements for that period.
* The Corporation’s interest obligations for the twelve-month period ended June 30, 2021 amounted to approximately $2.405 billion. The Corporation’s earnings before interest expense and income taxes, excluding loss on sale of Ontario natural gas-fired power plants, Keystone XL asset impairment charge, and gain on partial sale of Coastal GasLink amounted to approximately $7.371 billion for the twelve-month period ended June 30, 2021, which is 3.1 times the Corporation’s interest requirements for that period.