Expects to sanction approximately $7 billion of new capital projects in 2021 Modified dividend growth outlook enhances ability to fund substantial new growth opportunities — TC Energy Corporation today announced net income attributable to common shares for third quarter 2021 of $779 million or $0.80 per share compared to net income of $904 million or $0.96 per share for the same period in 2020.

This MD&A covers TCPL’s financial position and operations as at and for the year ended December 31, 2011.

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

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.