The Management’s Discussion and Analysis (MD&A) dated February 22, 2007 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, 2006.

This document is a comprehensive report on a company's activities throughout the preceding year.

In accordance with Certificate Condition 21 and Condition 5 of the Order, NGTL encloses the Commitment Tracking Table for the Project. As required, NGTL is posting the North Montney Project commitment tracker to its external webpage. The reporting period for this third submission is May 15, 2015 to August 21, 2015.