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TransCanada PipeLines registers $4B of debt securities

TransCanada PipeLines Ltd. on Dec. 23 filed a short-form base shelf prospectus for the potential sale of up to $4 billion of debt securities from time to time.

The company intends to use proceeds from any sale of the securities to reduce or repay debts and finance its long-term investment program.

TransCanada PipeLines is a subsidiary of TC Energy Corp.