6-K
TRANSCANADA PIPELINES LTD (TCPA)
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 February 2026
Commission File No. 1-8887
TransCanada PipeLines Limited
(Translation of Registrants’ Names 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 o Form 40-F þ
Exhibit 99.1 to this report, furnished on Form 6-K, shall be incorporated by reference into the following Registration Statements under the Securities Act of 1933, as amended, of the registrant: Form F-10 (File Nos. 333-267323 and 333-283633).
EXHIBIT INDEX
| 99.1 | Schedule of earnings coverage calculations atDecember 31, 2025. |
|---|
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.
| Date: February 13, 2026 | TRANSCANADA PIPELINES LIMITED | |
|---|---|---|
| By: | /s/ Sean P. O'Donnell | |
| Sean P. O'Donnell | ||
| Executive Vice-President, Strategy and Corporate Development and Chief Financial Officer | ||
| By: | /s/ Yvonne Frame-Zawalykut | |
| Yvonne Frame-Zawalykut | ||
| Vice-President and Corporate Controller |
Document
EXHIBIT 99.1
TransCanada PipeLines Limited
EARNINGS COVERAGE
Supplemental Financial Information (unaudited)
Exhibit to the December 31, 2025 Condensed Consolidated Financial Statements of TC Energy Corporation
December 31, 2025
The following financial ratio has been calculated on a consolidated basis for twelve-month period ended December 31, 2025 and is based on unaudited financial information of TransCanada PipeLines Limited (the Corporation). The financial ratio has been calculated based on financial information prepared in accordance with US generally accepted accounting principles. The following ratio has been prepared based on net income:
| December 31, 2025 | |
|---|---|
| Earnings coverage on long-term debt and current liabilities | 2.4 times |
The Corporation’s interest obligations for the twelve-month period ended December 31, 2025 amounted to approximately $3.386 billion. The Corporation’s earnings from continuing operations before interest expense and income taxes amounted to approximately $8.032 billion for the twelve-month period ended December 31, 2025 which is 2.4 times the Corporation’s interest requirements for that period.