Oil, Gas and Consumable Fuels
Company Overview of TransCanada PipeLines Limited
TransCanada PipeLines Limited operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment operates regulated natural gas pipelines and regulated natural gas storage facilities. It owns and operates natural gas transmission in Canada, the United States, and Mexico. This segment’s natural gas pipeline systems consist of a network of approximately 57,000 kilometers of wholly owned and operated natural gas pipelines, and approximately 11,500 kilometers of partially owned natural gas pipelines; and regulated natural gas storage facilities with a total capacity of approxim...
450 – 1st Street SW
Calgary, AB T2P 5H1
Founded in 1951
Key Executives for TransCanada PipeLines Limited
Chief Financial Officer and Executive Vice President
Executive Vice President and President of Natural Gas Pipe Lines
President of Energy and Oil Pipelines
President of US Natural Gas Pipelines
Compensation as of Fiscal Year 2013.
TransCanada PipeLines Limited Key Developments
TransCanada PipeLines Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 6 13
TransCanada PipeLines Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue CAD 2,204 million compared to CAD 2,126 million a year ago. Comparable EBITDA was CAD 1,257 million compared to CAD 1,083 million a year ago. Net income attributable to common shares was CAD 494 million or CAD 0.54 per basic and diluted share compared to CAD 379 million or CAD 0.51 per basic and diluted share a year ago. Comparable earnings were CAD 460 million compared to CAD 359 million a year ago. Funds generated from operations were CAD 1,038 million compared to CAD 860 million a year ago. Net cash provided by operations was CAD 1,110 million compared to CAD 1,102 million a year ago. Capital expenditures were CAD 992 million compared to CAD 694 million a year ago. Comparable EBIT was CAD 891 million compared to CAD 741 million a year ago. Income before income taxes was CAD 716 million against CAD 541 million a year ago.
For the nine months period, the company reported revenue CAD 6,465 million compared to CAD 5,918 million a year ago. Comparable EBITDA was CAD 3,568 million compared to CAD 3,193 million a year ago. Net income attributable to common shares was CAD 1,333 million compared to CAD 1,023 million a year ago. Comparable earnings were CAD 1,215 million compared to CAD 1,042 million a year ago. Funds generated from operations were CAD 2,899 million compared to CAD 2,448 million a year ago. Net cash provided by operations was CAD 2,636 million compared to CAD 2,547 million a year ago. Capital expenditures were CAD 3,030 million compared to CAD 1,555 million a year ago. Comparable EBIT was CAD 2,492 million compared to CAD 2,161 million a year ago. Income before income taxes was CAD 1,819 million against CAD 1,457 million a year ago.
Transcanada Pipelines Limited Declares Quarterly Dividend on Cumulative Redeemable First Preferred Shares, Payable on February 3, 2014
Nov 5 13
TransCanada PipeLines Limited announced a quarterly dividend of $0.70 per share for the period up to but excluding February 1, 2014, was declared on the outstanding Cumulative Redeemable First Preferred Shares, Series Y. The dividend is payable on February 3, 2014, to shareholders of record at the close of business on December 31, 2013.
Union Gas Limited, Gaz Métro Limited Partnership, and Enbridge Gas Distribution Reach Agreement with TransCanada PipeLines to Ensure Access to Diverse, Affordable Natural Gas Supplies At Dawn Hub And Niagara
Sep 13 13
Union Gas Limited, Gaz Métro Limited Partnership and Enbridge Gas Distribution announced an agreement with TransCanada PipeLines to ensure access to diverse and affordable natural gas supplies. The agreement includes a revised framework for TransCanada's mainline tolls and the proposed Kings North project. The revised project, when combined with Segment A of Enbridge Gas' proposed GTA Project, will provide a new natural gas transportation path through the constrained Parkway to the Maple transportation corridor near Toronto, Ontario, giving consumers in eastern Ontario, Quebec and markets further east, secure access to diverse and affordable supplies of natural gas. This gas will be distributed from the Union Gas Dawn Market Hub in south western Ontario and through Niagara. Details of the agreement will be developed in the coming weeks. While this agreement will increase consumers' access to affordable energy, Union Gas, Gaz Métro and Enbridge Gas are continuing discussions with TransCanada regarding the proposed Energy East Project which would convert a portion of TransCanada's Mainline system from natural gas to oil.
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