UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January ~~December 29~~12, ~~2004~~2005

TGT PIPELINE, LLC

(Exact name of registrant as specified in its charter)

DELAWARE 333-108693-01 06-1687421

(State or Other Jurisdiction (Commission File Number) (IRS Employer

of Incorporation) Identification No.)

3800 FREDERICA STREET, OWENSBORO, KENTUCKY 42301

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (270) 926-8686

NOT APPLICABLE

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act

(17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

(17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the

Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the

Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

As On ~~described~~January ~~under~~12, ~~Item~~2005, 2the Registrant entered into a Purchase Agreement with Citigroup Global Markets Inc.03 ~~below~~and Lehman Brothers Inc. (the “Initial Purchasers”) relating to the sale of $300,000,000 onin ~~December~~aggregate 29principal amount of its 5.50% Notes due 2017 (the "TGTP Notes") at a price of 99.667% of their principal amount. Concurrently, ~~2004~~Gulf South Pipeline Company, LP (“Gulf South”), a wholly-owned subsidiary of the Registrant, entered into ~~the~~a ~~Loan~~Purchase Agreement with the Initial Purchasers relating to the sale of $275,000,000 in aggregate principal amount of its 5.05% Notes due 2015 (asthe ~~defined~~"Gulf ~~below~~South Notes" and, together with the TGTP Notes, the “Notes”) at a price of 99.702% ~~The~~of ~~information~~their ~~regarding~~principal amount. Gulf South intends to advance the ~~Loan~~net ~~Agreement~~proceeds ~~set~~from ~~forth~~the insale ~~Item 2.03~~of isthe ~~incorporated~~Gulf ~~herein~~South Notes to the Registrant and the Registrant intends to use such proceeds, together with the net proceeds from the sale of the TGTP Notes and other available cash, to repay the $575,000,000 interim loan made to the Registrant by ~~reference~~affiliates of the Initial Purchasers on December 29, 2004, in connection with the Registrant’s previously announced acquisition of Gulf South.

~~Item~~ The ~~2.01~~Initial ~~Completion~~Purchasers ofhave ~~Acquisition~~indicated orthat ~~Disposition~~they will resell the Notes to qualified institutional buyers in reliance on Rule 144A under the Securities Act of ~~Assets~~1933 (the “Securities Act”) and outside the United States in reliance on Regulation S under the Securities Act.

OnItem December 29, 2004, the Registrant, a wholly-owned subsidiary of Loews Corporation, completed its previously announced acquisition (the "Acquisition") of all of the limited partnership interests of Gulf South Pipeline, L9.P.01 Financial ~~("Gulf~~Statements ~~South")~~ and all of the limited liability company interests of GS Pipeline Company, LLC, the sole general partner of Gulf South, from Entergy-Koch, LP for a purchase price of $1,136,000,000 in cash, subject to adjustment (the "Purchase Price"). Entergy-Koch, LP is a venture of Entergy Corporation and Koch Energy, Inc., a subsidiary of Koch Industries, Inc. Exhibits

~~The Registrant funded payment of the Purchase Price and related expenses of the transaction with cash contributed by its parent and the proceeds of a $575 million loan~~ (~~the “Acquisition Loan”~~c) ~~made by affiliates of Citigroup Global Markets Inc. (“CGMI”) and Lehman Brothers Inc. (“LBI”).~~ Exhibits:

~~Gulf~~EXHIBIT ~~South Pipeline owns and operates an 8,000-mile interstate natural gas pipeline, gathering and storage system located in the U~~NO.S. Gulf Coast. Gulf South is headquartered in Houston with field offices located in Texas, Louisiana, Mississippi, Alabama and Florida. The Gulf South pipeline system is comprised of approximately 6,800 miles of interstate transmission pipeline, 1,200 miles of gathering pipeline and 68.5 billion cubic feet of working gas storage capacity. DESCRIPTION

~~Item 2~~10.031 Purchase ~~Creation~~Agreement, ofdated aJanuary ~~Direct~~12, ~~Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.~~2005,

As between ~~discussed above under Item 2.01, on December 29, 2004,~~ the Registrant ~~borrowed the Acquisition Loan pursuant to the terms of a 364-Day Term Loan Agreement, dated as of December 29, 2004 (the “Loan Agreement”), among the Registrant, as borrower, the several banks~~ and ~~other financial institutions or entities from time to time party to~~ the ~~Loan~~Initial ~~Agreement,~~Purchasers as lenders, Citicorp North America, Inc., as administrative agent for the Lenders, Lehman Commercial Paper Inc., as syndication agent, and CGMI and LBI as joint lead arrangers and joint book managers. The Acquisition Loan bears interest at a floating rate equal to LIBOR plus an Applicable Margin and matures on December 28, 2005, subject to acceleration by the Lenders upon the occurrence of certain customary Events of Default, all as provided in the Loan Agreement.

~~Item 9~~10.012 Purchase ~~Financial~~Agreement, ~~Statements~~dated ~~and~~January ~~Exhibits~~12, 2005,

~~(a) Financial~~ between ~~Statements~~Gulf ofSouth ~~Business~~and ~~Acquired. The Registrant will file~~ the ~~financial~~Initial ~~statements required by this Item by amendment to this Current Report not later than April 11, 2005.~~Purchasers]

~~(b) Pro Forma Financial Information. The Registrant will file the pro forma financial information required by this Item by amendment to this Current Report not later than April 11, 2005.~~ SIGNATURES

~~(c) Exhibits:~~ 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 hereunto duly authorized.

~~Exhibit~~TGT ~~No. Description~~PIPELINE, LLC

~~10.1 Purchase and Sale Agreement dated as of November 20, 2004 between Entergy-Koch, LP and TGT Pipeline, LLC~~(Registrant)

~~SIGNATURES~~Date: January 14, 2005

~~Pursuant~~ By: to/s/ ~~the~~Jamie ~~requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~L. Buskill

~~TGT~~ Jamie ~~PIPELINE,~~L. ~~LLC~~Buskill

~~(Registrant)~~Vice President and

~~Date: December~~Chief ~~30,~~Financial ~~2004~~Officer

By: /s/ Jamie L. Buskill

Jamie L. Buskill

Vice President and

Chief Financial Officer

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