ContractTc Energy Corp • February 17th, 2021 • Natural gas transmission
As previously disclosed, on December 14, 2020, TC PipeLines, LP, a Delaware limited partnership (the “TC PipeLines”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among TC Energy Corporation, a Canadian corporation (“TC Energy”), TC PipeLines GP, Inc., a Delaware corporation and the general partner of TC PipeLines, TransCan Northern Ltd., a Delaware corporation, TransCanada PipeLine USA Ltd., a Nevada corporation and TCP Merger Sub, LLC, a Delaware limited liability company and an indirect wholly-owned subsidiary of TC Energy (“Merger Sub”). The Merger Agreement provides for, among other things, the merger of Merger Sub into TC PipeLines (the “Merger”) with TC PipeLines continuing as the surviving entity. As a result of the Merger, TC PipeLines will become an indirect wholly owned subsidiary of TC Energy. On January 26, 2021, TC Energy and TC PipeLines filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement/prospectus
