March 01, 2015 2:25 AM ET

Oil, Gas and Consumable Fuels

Company Overview of TransCanada PipeLines Limited

Company Overview

TransCanada PipeLines Limited operates in energy infrastructure business in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment 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 approximately 250 billion cubic feet (Bcf) in Michigan. The Oil Pipelines segment owns and operates ...

450 – 1st Street SW

Calgary, AB T2P 5H1

Canada

Founded in 1951

Phone:

403-920-2000

Fax:

403-920-2200

Key Executives for TransCanada PipeLines Limited

Chief Executive Officer, President and Director
Age: 51
Chief Financial Officer and Executive Vice President
Age: 51
Executive Vice-President of Operations & Engineering
Age: 52
Executive Vice President and President of Natural Gas Pipe Lines
Executive Vice President and President of Liquids Pipelines
Age: 55
Compensation as of Fiscal Year 2014.

TransCanada PipeLines Limited Key Developments

TransCanada Pipelines Limited, Portland Natural Gas Transmission System and Iroquois Gas Transmission System, L.P Announce Joint Open Seasons for Natural Gas Supply

TransCanada PipeLines Limited, or TCPL, Portland Natural Gas Transmission System, or PNGTS, and Iroquois Gas Transmission System, L.P., or IGTS, have announced joint open seasons to allow up to 300,000 dekatherms, or Dth, per day of natural gas supply to be transported from the Wright Hub in Wright, to New England, New Brunswick, and Nova Scotia. The joint collaboration leverages existing pipeline assets to bring much-needed incremental natural gas supplies to constrained Northeast US and Eastern Canadian markets, thereby dramatically reducing the amount of new infrastructure that needs to be constructed. By utilizing readily expandable, in-the-ground pipeline assets, the Partners are able to minimize impacts to the environment that would otherwise be associated with new expansions, while at the same time providing cost savings to the final consumer.

TransCanada PipeLines Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Full Year of 2014

TransCanada PipeLines Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of CAD 2,451 million compared to CAD 2,204 million a year ago. Comparable EBITDA was CAD 1,387 million compared to CAD 1,257 million a year ago. Net income attributable to common shares was CAD 481 million or CAD 0.62 per basic and diluted share compared to CAD 494 million or CAD 0.66 per basic and diluted share a year ago. Comparable earnings were CAD 474 million compared to CAD 460 million a year ago. Funds generated from operations were CAD 1,071 million compared to CAD 1,038 million a year ago. Net cash provided by operations was CAD 1,228 million compared to CAD 1,110 million a year ago. Capital expenditures were CAD 853 million compared to CAD 992 million a year ago. Comparable EBIT was CAD 984 million compared to CAD 891 million a year ago. Income before income taxes was CAD 745 million against CAD 716 million a year ago. For the nine months period, the company reported revenue CAD 7,569 million compared to CAD 6,465 million a year ago. Comparable EBITDA was CAD 4,000 million compared to CAD 3,568 million a year ago. Net income attributable to common shares was CAD 1,356 million compared to CAD 1,333 million a year ago. Comparable earnings were CAD 1,275 million compared to CAD 1,215 million a year ago. Funds generated from operations were CAD 3,088 million compared to CAD 2,899 million a year ago. Net cash provided by operations was CAD 3,327 million compared to CAD 2,636 million a year ago. Capital expenditures were CAD 2,598 million compared to CAD 3,030 million a year ago. Comparable EBIT was CAD 2,805 million compared to CAD 2,492 million a year ago. Income before income taxes was CAD 2,090 million against CAD 1,819 million a year ago. The company expects capital expenditures to be $4 billion for 2014, a decrease of $1 billion from the outlook previously disclosed in 2013 annual report.

TransCanada PipeLines Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

TransCanada PipeLines Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue $2,234 million compared to $2,009 million a year ago. Comparable EBITDA was $1,217 million compared to $1,143 million a year ago. Net income attributable to common shares was $443 million compared to $381 million a year ago. Comparable earnings were $359 million compared to $373 million a year ago. Funds generated from operations were $919 million compared to $949 million a year ago. Net cash provided by operations was $1,127 million compared to $822 million a year ago. Capital expenditures were $967 million compared to $1,109 million a year ago. Comparable EBIT was $818 million compared to $787 million a year ago. For the six months period, the company reported revenue $5,118 million compared to $4,261 million a year ago. Comparable EBITDA was $2,613 million compared to $2,311 million a year ago. Net income attributable to common shares was $875 million compared to $839 million a year ago. Comparable earnings were $801 million compared to $755 million a year ago. Funds generated from operations were $2,017 million compared to $1,861 million a year ago. Net cash provided by operations was $2,099 million compared to $1,526 million a year ago. Capital expenditures were $1,745 million compared to $2,038 million a year ago. Comparable EBIT was $1,821 million compared to $1,601 million a year ago.

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