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.

With this project, 2.9 miles (4.7 km) will be built along with two compressor stations and replacement of 26 miles (41.8) of existing pipeline. The changes will increase capacity by 1.3 billion cubic feet per day.

A natural gas pipeline that will stretch 287 km (178 miles) from end to end, the Tula Pipeline Project will safely deliver fuel from Tuxpan, Veracruz, to communities in the states of Puebla and Hidalgo.

The Project consists of a 206 kilometre (km), 42-inch pipeline, two compressor stations, and 14 meter stations. It will begin at a the northern point of the existing Saturn section of the Groundbirch Mainline at 14-21-80-20-W6M and terminate at the Blair Creek Receipt Meter Station located in Unit 30, Block K, Group 94-G-7.

In accordance with Condition 5 of the Certificate and Condition 6 of Order XG-N081-013-2016, NGTL encloses the Commitment Tracking Table for the Project. The reporting period for this submission is March 31, 2015 to November 15, 2016.

In accordance with Condition 5 of the Certificate and Condition 6 of Order XG-N081-013-2016, NGTL encloses the Commitment Tracking Table for the Project. The reporting period for this submission is March 31, 2015 to December 15, 2016.

Bruce Power, located on the shores of Lake Huron, between Kincardine and Port Elgin, Ont., is Canada’s first private nuclear generator, providing 30% of Ontario’s electricity and employing more than 4,000 full-time employees.

Demonstrating TransCanada’s near perfect pipeline safety record.

The Heartland Project will help meet the market demand of natural gas and increase reliability on the existing ANR pipeline.

The North Montney Mainline Project (NMML) is a 42-inch pipeline that delivers natural gas from one of the richest gas plays in Canada to markets across North America. This extension is a critical piece of infrastructure that will provide value to our shareholders for decades to come, but it’s the way the project team delivered it that sets it apart. The project went two million hours without a lost time incident. Learn more.