Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 68

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 68
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 Except on the cover page and under the heading “Description of Debt Securities”, and unless the context otherwise requires, all references in this prospectus and any prospectus supplement to “we”, “us”, “our”, “TCPL” or the “Corporation” mean TransCanada PipeLines Limited and its subsidiaries, partnership interests and joint venture investments. EXEMPTIVE RELIEF Pursuant to a decision dated January 3, 2019 granted by the Alberta Securities Commission (as principal regulator) and the Ontario Securities Commission pursuant to National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions(the “Decision”), the Corporation has been exempted from the following:

| (a) | the short form prospectus qualification provision in paragraph 2.3(1)(d) of National Instrument 44-101 Short Form Prospectus Distributions (“NI 44-101”); |

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| (b) | with respect to National Instrument 44-102 Shelf Distributions                                                                                                                                       
 (“NI 44-102”), the base shelf prospectus receipt effectiveness provisions in subparagraph 2.3(3)(b)(i) and subparagraph 2.3(3)(b)(ii) and the requirement in section 8.4 to prepare and file updated 
 earnings coverage ratios;                                                                                                                                                                            |

| (c) | the requirement in section 6.1 of Form 44-101F1 Short Form         
 Prospectus (“Form 44-101F1”) to disclose earnings coverage ratios; |

| (d) | the requirement under subsection 11.1(1) of Form 44-101F1 to       
 incorporate documents by reference in a short form prospectus; and |

| (e) | the statement required by section 11.2 of Form 44-101F1 regarding 
 future filed documents.                                           |

The Decision also exempts the Corporation from certain other requirements under Canadian securities laws, including from the requirements under National Instrument 51-102 Continuous Disclosure Obligations(“NI 51-102”)to file certain continuous disclosure documents (“CD Documents”). These exemptions were granted subject to a number of conditions, including that: (a) TC Energy Corporation (“TCE”), formerly TransCanada Corporation, is a reporting issuer in each province and territory of Canada, and has filed all disclosure documents that it is required to file under applicable securities legislation including its CD Documents on or before the time those documents would have been required to be filed under such legislation by the