QUOTE AND NEWS
Reuters  10 hrs ago  Comment 
Natural gas pipeline operator TransCanada Corp said on Tuesday the U.S. Federal Energy Regulatory Commission (FERC) has allowed it to reclassify some 1.1 billion cubic feet (bcf)...
OilVoice  Aug 18  Comment 
Trilogy Energy Corp. TSXTET announces that the recent suspension of the mainline pipeline system operated by Alliance Pipeline has resulted in a deferral of approximately 40 MMcf per day of Trilogy
CANOE.ca  Aug 1  Comment 
TransCanada Corp is still committed to building the Keystone XL pipeline despite stubborn opposition in the United States that has thrown the $8 billion project into regulatory limbo, the chief executive of the Canadian company said on Friday.
Reuters  Jul 31  Comment 
TransCanada Corp is still committed to building the Keystone XL pipeline despite stubborn opposition in the United States that has thrown the C$8 billion ($6.2 billion) project into regulatory limbo, the chief executive of the Canadian company...
Wall Street Journal  Jul 31  Comment 
TransCanada reported better-than-expected earnings and revenue for the second quarter, which it attributed to strong results from its three key businesses.




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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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