TC PipeLines Q4 Profit Increases - Quick Facts

(RTTNews) - TC PipeLines LP (TCP) said that its net income attributable to controlling interests allocation common units for its fourth quarter 2013 improved to $40 million from $29 million in the same quarter last year. Net income per common unit was $0.63 up from $0.56 last year.

Net income attributable to controlling interests for its fourth quarter 2013 decreased to $41 million from $44 million in the year ago quarter. The decrease was primarily due to higher financial charges as a result of the $500 million term loan obtained to finance a portion of the 2013 acquisition.

Transmission revenues for the quarter were $88 million, up from $87 million in the year ago quarter.