TC PipeLines, LP (NYSE:TCP) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 thereof that the Partnership, through its subsidiary TC
PipeLines Intermediate Limited Partnership, completed the
previously announced acquisitions of a 49.34% interest in
Iroquois Gas Transmission System, L.P. (“Iroquois”) from
subsidiaries of TransCanada Corporation (“TransCanada”)
together with TransCanada’s remaining 11.81% interest in the
Portland Natural Gas Transmission System (“PNGTS”) for a total
purchase price of approximately $765 million, plus working
capital adjustments (collectively, the “Acquisition”). As
permitted under Item 901(a)(4) and Item 9.01(b)(2) of Form 8-K,
the consolidated financial statements of Iroquois and PNGTS
required to be filed under Item 9.01(a) of Form 8-K and the pro
forma financial information required to be filed under Item
9.01(b) of Form 8-K were not included in the Current Report on
Form 8-K of the Partnership filed on June 1, 2017, and this
Amendment No. 1 to such Form 8-K (“Form 8-K/A”) is being filed
to file with the Securities and Exchange Commission such
historical financial statements of Iroquois and PNGTS and such
pro forma financial information.
Item 9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The audited consolidated financial statements of Iroquois Gas
Transmission System, L.P. for each of the years ended December
31, 2016 and December 31, 2015, the audited consolidated
financial statements of Portland Natural Gas Transmission System
for the year ended December 31, 2016 and the unaudited
consolidated financial statements of each of Iroquois Gas
Transmission System, L.P. and Portland Natural Gas Transmission
System for the three months ended March 31, 2017 are filed
herewith as Exhibits 99.1, 99.2, 99.3 and 99.4, respectively, and
are incorporated in this Item 9.01(a) by reference.
(b) Pro forma financial information.
Unaudited pro forma consolidated financial statements of the
Partnership as of and for the three months ended March 31, 2017
and for the years ended December 31, 2016 and December 31, 2015
are attached hereto as Exhibit 99.5.
(d) Exhibits
|
Exhibit No. |
Description |
| 23.1 |
Portland Natural Gas Transmission System LLC Consent of Independent Registered Public Accounting Firm |
| 23.2 |
Iroquois Gas Transmission System, L.P. Consent of Independent Public Accounting Firm |
| 99.1 |
Iroquois Gas Transmission System, L.P. Consolidated Financial Statements December 31, 2016 and 2015 |
| 99.2 |
Portland Natural Gas Transmission System Consolidated Financial Statements December 31, 2016 |
| 99.3 |
Iroquois Gas Transmission System, L.P. Consolidated Financial Statements March 31, 2017 and 2016 |
| 99.4 |
Portland Natural Gas Transmission System Consolidated Financial Statements March 31, 2017 and 2016 |
|
99.5 |
Unaudited Pro Forma Financial Data |
TC PIPELINES LP ExhibitEX-23.1 2 exhibit23106302017.htm PORTLAND NATURAL GAS TRANSMISSION SYSTEM LLC CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Exhibit 23.1 Consent of Independent Registered Public Accounting Firm The Board of Directors TC Pipelines GP,…To view the full exhibit click here About TC PipeLines, LP (NYSE:TCP)
TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. The Company has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States. All of its pipeline systems are operated by subsidiaries of TransCanada. Its pipeline systems include Gas Transmission Northwest LLC (GTN), Northern Border Pipeline Company (Northern Border), Bison Pipeline LLC (Bison), Great Lakes Gas Transmission Limited Partnership (Great Lakes), North Baja Pipeline, LLC (North Baja), Tuscarora Gas Transmission Company (Tuscarora) and Portland Natural Gas Transmission System (PNGTS).
