0000099070-21-000015.txt : 20211105 0000099070-21-000015.hdr.sgml : 20211105 20211105090709 ACCESSION NUMBER: 0000099070-21-000015 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211105 DATE AS OF CHANGE: 20211105 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: 211382613 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-09302021xearnin.htm TCPL FORM 6-K DATED NOVEMBER 5, 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 November 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, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Date: November 5, 2021TRANSCANADA PIPELINES LIMITED
 By:/s/ Joel E. Hunter
  Joel E. Hunter
  Executive Vice-President and Chief Financial Officer
   
 By:/s/ G. Glenn Menuz
  G. Glenn Menuz
  Vice-President and Controller


EX-99.1 2 exhibit991-tcpl09302021xea.htm EXHIBIT 99.1 EARNINGS COVERAGE RATIOS Document
EXHIBIT 99.1
TransCanada PipeLines Limited
EARNINGS COVERAGE
Supplemental Financial Information (unaudited)
Exhibit to the September 30, 2021 Consolidated Financial Statements of TC Energy Corporation
September 30, 2021


The following financial ratios have been calculated on a consolidated basis for twelve-month period ended September 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:


September 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 other, Keystone XL preservation and other, and voluntary retirement program during the twelve-month period ended September 30, 2021
3.0 times*


The Corporation’s interest obligations for the twelve-month period ended September 30, 2021 amounted to approximately $2.377 billion. The Corporation’s earnings before interest expense and income taxes amounted to approximately $4.209 billion for the twelve-month period ended September 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 September 30, 2021 amounted to approximately $2.377 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 other, Keystone XL preservation and other, and voluntary retirement program amounted to approximately $7.239 billion for the twelve-month period ended September 30, 2021, which is 3.0 times the Corporation’s interest requirements for that period.