TransCanada Corp. announced that it has reached binding long-term shipping agreements to build, own and operate the proposed Alberta-based Heartland Pipeline and TC Terminals projects. The proposed projects are being developed to support growing crude oil production in Alberta and will include the 200-kilometre (125-mile) pipeline connecting the Edmonton region to facilities in Hardisty, Alberta and a terminal facility in the Heartland industrial area north of Edmonton. The company anticipated that the pipeline could ultimately transport up to 900,000 barrels of crude oil a day, while the terminal is expected to have storage capacity for up to 1.9 million barrels of crude oil. The projects have a combined cost estimated at $900 million and are expected to come into service during the second half of 2015.

TransCanada Corp. announced that the board of directors of the company declared a quarterly dividend of $0.46 per common share for the quarter ending June 30, 2013, on the company's outstanding common shares. The common share dividend is payable on July 31, 2013, to shareholders of record at the close of business on June 28, 2013. The board also declared the following regular dividends on its preferred shares: A quarterly dividend of $0.2875 per share for the period up to but excluding June 30, 2013, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on July 2, 2013, to shareholders of record at the close of business on May 31, 2013. A quarterly dividend of $0.25 per share for the period up to but excluding June 30, 2013, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on July 2, 2013, to shareholders of record at the close of business on May 31, 2013. A quarterly dividend of $0.275 per share for the period up to but excluding July 30, 2013, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 5. The dividend is payable on July 30, 2013, to shareholders of record at the close of business on June 28, 2013. A quarterly dividend of $0.25 per share for the period up to but excluding July 30, 2013, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 7. The dividend is payable on July 30, 2013, to shareholders of record at the close of business on June 28, 2013.

TransCanada Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $2,252 million compared to $1,945 million a year ago. Comparable EBITDA was $1,168 million compared to $1,113 million a year ago. Net income attributable to common shares was $446 million or $0.63 basic and diluted per share compared to $352 million or $0.50 per basic and diluted share a year ago. Comparable earnings were $370 million or $0.52 per share compared to $363 million or $0.52 per share a year ago. Net cash provided by operations was $706 million compared to $702 million a year ago. Capital expenditures were $929 million compared to $464 million a year ago. Comparable EBIT was $814 million compared to $769 million a year ago. Income before income taxes was $607 million compared to $530 million a year ago.