EX-99.1 2 exhibit991tcpl02182011.htm SCHEDULE OF EARNINGS COVERAGE CALCULATIONS exhibit991tcpl02182011.htm  

EXHIBIT 99.1
 
 
 
TransCanada PipeLines Limited
EARNINGS COVERAGE
DECEMBER 31, 2010




The following financial ratios have been calculated on a consolidated basis for the respective 12 month period ended December 31, 2010 and are based on unaudited financial information.  The financial ratios have been calculated based on financial information prepared in accordance with Canadian generally accepted accounting principles.  The following ratios have been prepared based on net income:
 

 
 
December 31, 2010
 
Earnings coverage on long-term debt
 
2.4 times
 
Earnings coverage on long-term debt and
First Preferred Shares
 
 
2.4 times