0001263995-13-000008.txt : 20130219 0001263995-13-000008.hdr.sgml : 20130219 20130215151854 ACCESSION NUMBER: 0001263995-13-000008 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130215 DATE AS OF CHANGE: 20130215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08887 FILM NUMBER: 13619302 BUSINESS ADDRESS: STREET 1: 450 -1ST STREET SW STREET 2: P O BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039206411 MAIL ADDRESS: STREET 1: 450 I STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 6-K 1 form6ktcpl02152013.htm TRANSCANADA PIPELINES LIMITED FORM 6-K DATED FEBRUARY 15, 2013 form6ktcpl02152013.htm
 


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of February 2013

Commission File No. 1-8887

TransCanada PipeLines Limited
(Translation of Registrant's Name into English)

450 – 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada
(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F¨  Form 40-F þ


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Exhibit 99.1 to this report, filed on Form 6-K, shall be incorporated by reference into the following Registration Statements under the Securities Act of 1933, as amended, of the registrant: Form F-9 (Reg. No. 333-177789).


 
 
 


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 15, 2013

 
 
     TRANSCANADA PIPELINES LIMITED
         
         
            
     By:      /s/ Donald R. Marchand  
     
Donald R. Marchand
Executive Vice-President and
Chief Financial Officer
  
         
         
         
   
By:    
/s/ Christine R. Johnston
  
      Christine R. Johnston
Vice-President and Corporate Secretary
  
 


 
 
 

 
EXHIBIT INDEX


99.1  
Schedule of earnings coverage calculations at December 31, 2012.



 
 
 
 
 
 
EX-99.1 2 exhibit991tcpl02152013.htm EARNINGS COVERAGE CALCULATIONS AT DECEMBER 31, 2012 exhibit991tcpl02152013.htm  
EXHIBIT 99.1
 
 
 
 
TransCanada PipeLines Limited
EARNINGS COVERAGE
December 31, 2012




The following financial ratios have been calculated on a consolidated basis for the respective twelve month period ended December 31, 2012 and are based on audited consolidated financial statements.  The financial ratios have been calculated based on financial statements prepared in accordance with US generally accepted accounting principles.  The following ratios have been prepared based on net income:
 

 
 
December 31, 2012
 
Earnings coverage on long-term debt and current liabilities
 
2.3 times  ü
 
Earnings coverage on long-term debt, current liabilities and
first preferred shares
 
 
2.2 times(1)  ü
 
(1)       Gives effect to the dividends declared on the Corporation’s outstanding cumulative first preferred shares, without par value (series U and series Y), in the aggregate amount of $30,000,000 for the twelve-months ended December 31, 2012.
 
The Corporation’s interest obligations for the twelve-month period ended December 31, 2012 amounted to approximately $1.276 billion including dividends declared on preferred shares and $1.246 billion excluding dividends declared on preferred shares.  The Corporation’s earnings before interest expense and income taxes amounted to approximately $2.824 billion for the twelve-month period ended December 31, 2012, which is 2.2 times the Corporation’s interest requirements for that period including dividends declared on preferred shares and 2.3 times the Corporation’s interest requirements for that period excluding dividends declared on preferred shares.