QUOTE AND NEWS
Yahoo  Mar 25  Comment 
Canada's energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp (TRP.TO), according to documents reviewed by Reuters. The regulator, the National Energy Board (NEB), and...
Reuters  Mar 19  Comment 
The Canadian government's review of TransCanada Corp's proposed Energy East pipeline is deeply flawed, Quebec aboriginal leaders said on Thursday, signaling they could line up with opponents of the C$12 billion ($9.43 billion) project.
Reuters  Mar 19  Comment 
The U.S. State Department is still reviewing TransCanada's Keystone XL pipeline project, White House senior adviser Brian Deese told reporters on Thursday.
Clusterstock  Mar 18  Comment 
By Mike De Souza OTTAWA (Reuters) - Canada's energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp , according to documents reviewed by Reuters. The regulator, the...
Market Intelligence Center  Mar 11  Comment 
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on TransCanada Corp (TRP). Look at the Aug. '15 $40.00 covered call for a net debit in the $38.96 area. This trade has a duration of...
OilVoice  Feb 25  Comment 
TransCanada Corporation TSXTRP NYSETRP today announced that it has entered into an agreement to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC GTN to its master limi
Wall Street Journal  Feb 13  Comment 
TransCanada posted a higher-than-expected fourth-quarter profit and boosted its dividend by 8%, reflecting higher pipeline-project earnings and the new assets it placed into service last year.




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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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