TC PipeLines, LP (NYSE:TCP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Retirement of Director
Effective December 31, 2018, Karl Johannson will retire as a member of the Board of Directors (the "Board") and Chairman of the Board of TC PipeLines GP, Inc. (the "General Partner"), the general partner of TC PipeLines, LP (the "Partnership"). There were no disagreements between Mr. Johannson and the General Partner, the Partnership or any officer or director of the General Partner which led to Mr. Johannson's retirement.
Appointment of Director
On December 3, 2018, TransCan Northern Ltd., the sole stockholder of the General Partner, elected Stanley G Chapman, III, effective January 1, 2019, to fill the vacancy created by the retirement of Mr. Johannson.
Mr. Chapman, age 53, serves as Executive Vice-President and President, U.S. Natural Gas Pipelinesof TransCanada Corporation ("TransCanada"), a position he has held since April 2017. He is responsible for all pipeline operations and commercial activities across TransCanada's FERC-regulated transmission and storage assets as well as its U.S. unregulated midstream business. Mr. Chapman joined TransCanada as part of its acquisition of the Columbia Pipeline Group ("Columbia") in July 2016 and served as Senior Vice President and General Manager of TransCanada's FERC-regulated US natural gas pipeline business from July 2016 to April 2017. Prior to joining TransCanada, Mr. Chapman held several positions at Columbia from December 2011 to July 2016, most recently as Executive Vice-President and Chief Commercial Officer. Before joining Columbia Pipeline Group, Mr. Chapman held various positions of increasing responsibility with El Paso Corp and Tenneco Energy and was responsible for various marketing and commercial operations, as well as supply, regulatory, business development and optimization activities.
Directors of the General Partner who are also employees of TransCanada, or any of its subsidiaries or affiliates, do not receive additional compensation for service on the Board. Mr. Chapman was not elected to any arrangement or understanding with any other person, and there are no transactions with Mr. Chapman that would be reportable under Item 404(a) of Regulation S-K.
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).