QUOTE AND NEWS
Reuters  Jun 23  Comment 
Pipeline company TransCanada Corp and oil and gas producer Encana Corp both said on Tuesday they were cutting jobs, joining other Canadian energy firms that have laid off staff since global oil prices slumped.
CANOE.ca  Jun 12  Comment 
TransCanada Corp said on Friday it expects to start construction this year on natural gas pipeline to British Columbia's Pacific Coast worth at least $5 billion following a conditional go-ahead by a Petronas-led consortium for what could be...
Reuters  Jun 12  Comment 
TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British Columbia to export Canadian natural gas to Asia.
Benzinga  May 12  Comment 
TransCanada (TSX:TRP) (NYSE: TRP) (TransCanada) today announced that its Prince Rupert Gas Transmission project (PRGT) has entered into a Project Agreement with the Lake Babine Nation of northern B.C. that provides the Nation with financial and...
Wall Street Journal  May 1  Comment 
TransCanada reported a lower first-quarter profit, even as the pipeline operator benefited from higher crude oil volumes on its existing Keystone system and its chief executive reiterated his commitment to expand that controversial pipeline.
Reuters  Apr 24  Comment 
TransCanada Corp , whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada.
Benzinga  Apr 23  Comment 
Prince Rupert Gas Transmission Ltd. (PRGT) has confirmed a Project Agreement with the Kitselas First Nation of northern B.C. that provides the Kitselas First Nation with financial and other benefits related to the pipeline project. Specifically,...




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TransCanada Corporation (TRP)

Business of TransCanada Corp

TransCanada is a leading North American energy infrastructure company focused on Natural Gas Pipelines, Oil Pipelines and Energy. At Year End, Natural Gas Pipelines accounted for approximately 54 per cent of revenues and 51 per cent of TransCanada’s total assets

Natural Gas Pipelines Business

TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and regulated gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 37,000 miles, and its partially owned natural gas pipelines extend more than 5,500 miles, tapping into virtually all major gas supply basins in North America.

Dividends

TransCanada's payment of dividends is primarily funded from dividends TransCanada receives as the sole common shareholder of TransCanada PipeLines Limited.

Dividend Reinvestment and Share Purchase Plan

TransCanada has a Dividend Reinvestment and Share Purchase Plan which permits shareholders of TransCanada and preferred shareholders of TCPL, to elect to reinvest their cash dividends in additional Common Shares of TransCanada. These Common Shares may be provided to the participants at a discount to the average market price in the five days before dividend payment. The discount was set at three per cent in 2009 and 2010, and was reduced to two per cent commencing with the dividends declared in February 2011. The discount was set at two per cent for 2008 and was increased to three per cent commencing with the dividend declared in February 2009. Participants may also make additional cash payments of up to $10,000 per quarter to purchase additional Common Shares, which optional purchases are not eligible for any discount on the price of Common Shares. Participants are not responsible for payment of brokerage commissions or other transaction expenses for purchases made pursuant to the Dividend Reinvestment and Share Purchase Plan. [1]

References

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