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.

The Project will include the construction of approximately 4 kilometres (km) of pipe 324 millimeters in diameter for transporting natural gas. It will parallel the existing Canadian Mainline, and will start at the Saint-Sébastien Meter Station near route 133 and end at a new proposed valve and receiver site in the municipality of Pike River, near Chemin Molleur.

"The time for debate is over. It's time to build." TC Energy backs bipartisan legislation to accelerate critical infrastructure projects.

We’re seeing generational demand across our systems—driven by rising power demand, industrial development and LNG growth. The fact of the matter is natural gas demand is growing faster than infrastructure can be built.

2026-tcpl-first-quarter-report.pdf