2021-tc-pipelines-lp-fourth-quarter-financial-statements.pdf

The Management’s Discussion and Analysis dated March 1, 2005 should be read in conjunction with the audited consolidated financial statements of TransCanada PipeLines Limited (TCPL or the company) and the notes thereto for the year ended December 31, 2004. Amounts are stated in Canadian dollars unless otherwise indicated.

This report—produced since 2001—provides us with the opportunity to comprehensively and transparently report on our economic, social and environmental performance. We define corporate responsibility (CR) as our “commitment to operating in an economically, socially and environmentally sustainable manner while recognizing the interests of our stakeholders.”