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Article: TC PipeLines, LP Announces 17% Increase in 2001 Earnings; New Nasdaq Trading Symbol "TCLP".
- Article from:
- PR Newswire
- Article date:
- January 30, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY -- - TC PipeLines, LP (the Partnership) today announced 2001 net income of US$43.5 million or US$2.40 per unit, a 17% increase compared to 2000 net income of US$37.2 million or US$2.08 per unit. The Partnership reported 2001 fourth quarter net income of US$11.8 million or US$0.65 per unit, compared to net income of US$10.4 million or US$0.58 per unit for 2000 fourth quarter.
"This has been another very good year for the Partnership," said Ron Turner, President and Chief Executive Officer of TC PipeLines GP, Inc., general partner of TC PipeLines, LP. "Despite the volatility and uncertainty experienced by the broader markets, we generated a total return of ...