TCLP » Topics » Our Relationship with TransCanada

These excerpts taken from the TCLP 10-K filed Feb 27, 2009.

Our Relationship with TransCanada

 

One of our principal strengths is our relationship with TransCanada. TransCanada, a Canadian corporation, was founded in 1951 with the objective of transporting natural gas from Alberta to distant markets. Today, TransCanada is a major North American energy infrastructure company engaged in numerous aspects of the energy industry but is primarily focused on natural gas transmission and power generation services. TransCanada owns approximately 36,500 miles of wholly-owned natural gas pipelines, interests in an additional 4,800 miles of natural gas pipelines, approximately 370 Bcf of storage capacity and, including facilities that are under construction or in development, also owns, operates, and/or controls approximately 10,900 megawatts of power generation. Also, currently under construction is Keystone, an oil pipeline consisting of 2,147 miles of pipe that will initially transport crude oil from Hardisty, Alberta, Canada to U.S. Midwest markets and to Cushing, Oklahoma.

 

TransCanada provides access to a significant pool of management talent and strong relationships throughout the energy industry. We expect to pursue strategic acquisitions in a disciplined manner and to have the opportunity to participate jointly with TransCanada in reviewing potential acquisitions, including transactions that we would be unable to pursue on our own. Additionally, we may have the opportunity to make acquisitions directly from TransCanada in the future. TransCanada, however, is under no obligation to allow us to participate in any of its pipeline or energy infrastructure acquisitions, nor is TransCanada required to offer any of its assets to us.

 

See Item 5. “Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” for more information regarding TransCanada’s ownership in us.

 

Our
Relationship with TransCanada



 



One of
our principal strengths is our relationship with TransCanada. TransCanada, a
Canadian corporation, was founded in 1951 with the objective of transporting
natural gas from Alberta to distant markets. Today, TransCanada is a major
North American energy infrastructure company engaged in numerous aspects of the
energy industry but is primarily focused on natural gas transmission and power
generation services. TransCanada owns approximately 36,500 miles of wholly-owned
natural gas pipelines, interests in an additional 4,800 miles of natural gas
pipelines, approximately 370 Bcf of storage capacity and, including facilities
that are under construction or in development, also owns, operates, and/or
controls approximately 10,900 megawatts of power generation. Also, currently
under construction is Keystone, an oil pipeline consisting of 2,147 miles of
pipe that will initially transport crude oil from Hardisty, Alberta, Canada to
U.S. Midwest markets and to Cushing, Oklahoma.



 



TransCanada
provides access to a significant pool of management talent and strong
relationships throughout the energy industry. We expect to pursue strategic
acquisitions in a disciplined manner and to have the opportunity to participate
jointly with TransCanada in reviewing potential acquisitions, including
transactions that we would be unable to pursue on our own. Additionally, we may
have the opportunity to make acquisitions directly from TransCanada in the
future. TransCanada, however, is under no obligation to allow us to participate
in any of its pipeline or energy infrastructure acquisitions, nor is
TransCanada required to offer any of its assets to us.



 



See Item 5. “Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities” for more information
regarding TransCanada’s ownership in us.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

"Our Relationship with TransCanada" elsewhere:

ONEOK Partners LP (OKS)
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