Article: TC PipeLines, LP Reports 2009 Third Quarter Results.(Financial report)

OMAHA, NEBRASKA, Nov 6, 2009 (Marketwire via COMTEX) -- (NASDAQ:TCLP) - TC PipeLines, LP (the Partnership or PipeLP) today reported third quarter 2009 net income of $27.4 million or $0.65 per common unit (all amounts in U.S. dollars), a decrease of $0.9 million compared to $28.3 million or $0.72 per common unit, prior to recast, for the same period last year.

On July 1, 2009, the Partnership acquired North Baja Pipeline, LLC (North Baja) from a wholly owned subsidiary of TransCanada Corporation (TransCanada). The acquisition was accounted for as a transaction between entities under common control, whereby the Partnership's historical financial information has ...

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