Company: TCPA
Filing Date: 2025-10-06
Form Type: SUPPL
Source: 0001193125-25-231083
Chunk: 25

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-10-06
Form: SUPPL
Chunk 25
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 ANR Pipeline Company on September 17, 2025 of U.S.$250,000,000 aggregate principal amount of 5.23% Senior Unsecured Notes due 2031; (c) the issuance by ANR Pipeline Company on September 17, 2025 of U.S.$350,000,000 aggregate principal amount of 5.69% Senior Unsecured Notes due 2035; and (d) the issuance of the Notes (assuming the overallotment option is not exercised by the Underwriters), as described in this prospectus supplement, and the intended use of proceeds therefrom as described in “ Use of Proceeds”. Adjustments for normal course issuances and repayments of long-term debt subsequent to December 31, 2024 or June 30, 2025, as applicable, would not materially affect the relevant earnings coverage ratio set out below and, as a result, have not been made.

|                                                 |     | Twelve Months Ended 
 December 31, 2024   |    |   |     | Twelve Months Ended 
 June 30, 2025       |    |   |
|:------------------------------------------------|:----|:--------------------|:---|:--|:----|:--------------------|:---|:--|
| Earnings coverage on long-term debt and current 
 liabilities                                     |     |                     | (1 | ) |     |                     | (2 | ) |

| (1) | TCPL’s interest obligations for the 12-month period ended                                                                                                                                                        
 December 31, 2024, after giving effect to the adjustments, amounted to approximately $    million. TCPL’s earnings from continuing operations before interest expense and income taxes amounted to approximately 
 $8,237 million for the 12-month period ended December 31, 2024, which is    times TCPL’s interest requirements for that period.                                                                                  |

| (2) | TCPL’s interest obligations for the 12-month period ended                                                                                                                                                    
 June 30, 2025, after giving effect to the adjustments, amounted to approximately $    million. TCPL’s earnings from continuing operations before interest expense and income taxes amounted to approximately 
 $8,623 million for the 12-month period ended June 30, 2025, which is    times TCPL’s interest requirements for that period.                                                                                  |

DESCRIPTION OF THE NOTES The following