Ft Lauderdale, Florida 1/21/2010 2:50:00 AM
News / Business

TC PipeLines (NASDAQ: TCLP) Announces CEO And Board Changes

TC PipeLines, LP (NASDAQ: TCLP) recently announced that Russ Girling, Chairman and Chief Executive Officer (CEO) of TC PipeLines GP, Inc., the General Partner of the Partnership, will be resigning his positions with the General Partner effective March 1, 2010 to focus on his role as Chief Operating Officer of TransCanada Corporation.

Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our
Free Stock Newsletter.


Effective March 1, 2010, Greg Lohnes is appointed Chairman of TC PipeLines GP, Inc. and James Baggs is appointed to TC PipeLines GP, Inc.'s Board of Directors. Mark Zimmerman will continue in his role as President and as the principal executive officer of the Partnership, he will be responsible for all management activities previously handled by the CEO.TC PipeLines, LP has interests in approximately 3,700 miles of federally regulated U.S. interstate natural gas pipelines, including Great Lakes Gas Transmission Limited Partnership (46.45 per cent ownership), Northern Border Pipeline Company (50 per cent ownership), North Baja Pipeline, LLC (100 per cent ownership) and Tuscarora Gas Transmission Company (100 per cent ownership). Great Lakes is a 2,115-mile pipeline serving markets in Minnesota, Wisconsin, Michigan and eastern Canada. The 1,249-mile Northern Border Pipeline transports natural gas from the Montana-Saskatchewan border to markets in the midwestern United States. North Baja is an 80-mile natural gas pipeline that extends from Southwestern Arizona to a point on the California/Mexico border and connects with a natural gas pipeline system in Mexico. Tuscarora owns a 240-mile pipeline system that transports natural gas from Oregon, where it interconnects TransCanada's Gas Transmission Northwest System, to markets in Oregon, Northern California, and Northwestern Nevada.

 

TC PipeLines, LP is managed by its general partner, TC PipeLines GP, Inc., an indirect wholly owned subsidiary of TransCanada Corporation. TC PipeLines GP, Inc. also holds common units of TC PipeLines, LP. Common units of TC PipeLines, LP are quoted on the NASDAQ Stock Market and trade under the symbol "TCLP."

 

Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.

 

Follow us on Twitter: http://www.Twitter.com/topbestps

 

About Us

 

Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

 

Please click here to read the full disclaimer.