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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2018, Nathan Brown, Nadine Berge and Sean Brett were appointed by resolution of the sole stockholder to the Board of Directors of TC PipeLines GP, Inc. (the "General Partner"), the general partner of TC Pipelines, LP, effective immediately.
Mr. Brown currently serves as President of the General Partner. Mr. Brown's main occupation is Vice-President, U.S. Gas Pipelines Financial Services of TransCanada Corporation, the ultimate parent company of the General Partner ("TransCanada"), in which position he is responsible for the accounting of TransCanada's U.S. natural gas pipelines. Mr. Brown previously served as Principal Financial Officer and Controller of the General Partner from May 2014 to May 1, 2018. Mr. Brown also served as Manager of accounting for TransCanada's U.S. Pipelines West from November 2009, when he joined TransCanada, to May 2014 and Director of Financial Services for TransCanada's U.S. Pipelines from May 2014 to February 2018. In these roles, Mr. Brown was responsible for accounting, financial reporting, planning and budgeting. He also provided regulatory accounting support for rate filings, settlement negotiations, and other regulatory proceedings. Prior to joining TransCanada, Mr. Brown spent eight years in public accounting, most recently as an audit manager for Grant Thornton LLP and Ernst &Young.
Ms. Berge's principal occupation is Director, Corporate Compliance and Legal Operations with TransCanada, a position she has held since December 2014. Ms. Berge's portfolio involves directing the corporate compliance area across Canada, the US and Mexico, as well as leadership of operational matters for the TransCanada legal department in all three jurisdictions. Since joining TransCanada's legal department in May 2005, Ms. Berge has held positions of increasing responsibility prior to her current role, most recently as Senior Legal Counsel.
Mr. Brett's principal occupation is Vice-President, Risk Management with TransCanada, a position he has held since August 2015 and in which he is responsible for financial risk management. Since joining the TransCanada in March 1997, Mr. Brett has held several positions of increasing responsibility, including Vice President and Treasurer from July 2010 to August 2015. Mr. Brett also previously served as Vice President, Commercial Operations in 2010 and as Treasurer of the General Partner from 2007 to 2008.
There are no arrangements or understandings between Mr. Brown, Ms. Berge or Mr. Brett and any other person to which they were selected for appointment as directors. There are no transactions between Mr. Brown, Ms. Berge or Mr. Brett and the General Partner or the Partnership that would be reportable under Item 404(a) of Regulation S-K.
A copy of the news release announcing the nominations of Messrs. Brett and Brown and Ms. Berge as candidates is attached hereto as Exhibit 99.1 and incorporated herein by reference.
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).