SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of June 2009
Commission
File No. 1-8887
TransCanada
PipeLines Limited
(Translation
of Registrant's Name into English)
450
– 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
Form
20-F ¨ Form
40-F þ
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ¨
This
report on Form 6-K is being filed to update the U.S. GAAP reconciliation
included in the Annual Report on Form 40-F for the year ended December 31, 2008
of TransCanada PipeLines Limited (the “Company”) to reflect changes due to the
adoption of a new accounting standard that required retrospective adoption as
described below. The Company adopted Statement of Financial
Accounting Standards (SFAS) No. 160 Noncontrolling Interests in
Consolidated Financial Statements – an Amendment of ARB No.
51. As required by SFAS 160, the Company has reclassified its
non-controlling interests on the income statement and balance sheet. On the
balance sheet, non-controlling interests are now presented in the equity
section. On the income statement, consolidated net income includes both
the Company’s and the non-controlling interests’ share of net income. In
addition, consolidated net income attributable to the Company and the
non-controlling interests are separately disclosed. This reclassification
has been applied retrospectively as required.
The
Company is filing this Report on Form 6-K to reflect the impact of the adoption
of this new standard on the previously issued U.S. GAAP
reconciliation. This will permit the Company to incorporate this U.S.
GAAP reconciliation by reference in future SEC filings.
As this
Report on Form 6-K is being filed only for the purpose described above, the
other information in the Company’s Annual Report on Form 40-F remains
unchanged. No other modifications have been made in this Report on
Form 6-K to change or update disclosures in the Company’s 2008 Form 40-F except
as described above. Information in the Company’s 2008 Form 40-F not
affected by this Report on Form 6-K is unchanged and reflects disclosure made at
the time of the filing of the Company’s 2008 Form 40-F with the Securities and
Exchange Commission on February 26, 2009. Accordingly, this Report on
Form 6-K should be read in conjunction with the Company’s 2008 Form 40-F and the
Company’s filings made with the Securities and Exchange Commission subsequent to
the filing of the Company’s 2008 Form 40-F.
Exhibits
13.1 and 23.1 to this report, furnished on Form 6-K, shall be incorporated by
reference into each of the Registration Statements under the Securities Act of
1933, as amended, of the Company: Form F-9 (File No. 333-154961).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated:
June 12, 2009
|
|
TRANSCANADA
PIPELINES LIMITED
|
| |
|
|
| |
|
|
|
|
By:
|
/s/
Gregory A. Lohnes |
|
|
|
Gregory
A. Lohnes
|
|
|
|
Executive
Vice-President and
|
|
|
|
Chief
Financial Officer
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/
Donald J. DeGrandis |
|
|
|
Donald
J. DeGrandis
|
|
|
|
Corporate
Secretary
|
|
|
|
|
13.1
|
Refiled reconciliation
to U.S. GAAP with respect to the financial statements of TransCanada
PipeLines Limited included in its Annual Report of Form 40-F for the year
ended December 31, 2008.
|
|
23.1
|
Consent
of KPMG, LLP, Chartered Accountants.
|