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, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment transports natural gas to local distribution companies, power generation facilities, and other businesses in Canada, the United States, and Mexico. This segment operates 57,000 kilometers of wholly owned natural gas pipelines and 11,000 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 Liquids Pipelines segment owns and operates crude oil pipel...
450 – 1st Street SW
Calgary, AB T2P 5H1
Founded in 2003
Key Executives for TransCanada PipeLines Limited
Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Executive Vice-President of Operations & Engineering
Executive Vice President and President of Natural Gas Pipe Lines
Executive Vice President and President of Liquids Pipelines
Compensation as of Fiscal Year 2015.
TransCanada PipeLines Limited Key Developments
Eastern Local Distribution Companies and TransCanada Pipelines Resolve Energy East Natural Gas Supply Concerns
Aug 24 15
Local distribution companies Gaz Métro, Union Gas and Enbridge Gas Distribution (Enbridge Gas) announced that they have reached an Agreement in Principle with TransCanada PipeLines Limited (TransCanada) that would protect natural gas supply for Québec and Ontario natural gas customers. TransCanada's Energy East oil pipeline project proposes the conversion of an existing natural gas pipeline to oil service. The Agreement in Principle resolves concerns raised by the three local distribution companies (LDCs) and in public consultation and review conducted by the Ontario and Québec governments. The Agreement ensures the firm transportation capacity required for gas supply to Ontario and Québec and, if the Energy East project goes forward, the Agreement provides a benefit of approximately $100 million to natural gas customers through 2050. The Agreement also ensures that natural gas customers will not subsidize the oil project; rather, the construction and development cost risks for Energy East will be borne by the project's proponents.
TransCanada PipeLines Limited Report Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 31 15
TransCanada PipeLines Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue $2,631 million compared to $2,234 million a year ago. Comparable EBITDA was $125 million compared to $116 million a year ago. Net income attributable to common shares was $454 million compared to $443 million a year ago. Comparable earnings were $422 million compared to $359 million a year ago. Net cash provided by operations was $967 million compared to $1,127 million a year ago. Capital expenditures were $966 million compared to $893 million a year ago. Comparable EBIT was $79 million compared to $71 million a year ago. Funds generated from operations were $1,061 million compared to $919 million a year ago. EBITDA was $1,434 million against $1,279 million a year ago.
For the six months period, the company reported revenue $5,505 million compared to $5,118 million a year ago. Comparable EBITDA was $271 million compared to $281 million a year ago. Net income attributable to common shares was $866 million compared to $875 million a year ago. Comparable earnings were $912 million compared to $801 million a year ago. Funds generated from operations were $2,216 million compared to $2,017 million a year ago. Net cash provided by operations was $1,729 million compared to $2,099 million a year ago. Capital expenditures were $1,772 million compared to $1,637 million a year ago. Comparable EBIT was $177 million compared to $192 million a year ago. EBITDA was $2,876 million against $2,664 million a year ago.
TransCanada PipeLines Limited Announces Consolidated Unaudited Earnings Results for First Quarter Ended March 31, 2015
May 1 15
TransCanada PipeLines Limited announced consolidated unaudited earnings results for first quarter ended March 31, 2015. For the quarter, the company reported revenues of CAD 2,874 million, income before income taxes of CAD 678 million, net income of CAD 471 million, net income attributable to common shares of CAD 412 million, net cash provided by operations of CAD 762 million, capital expenditures of CAD 806 million compared to the revenues of CAD 2,884 million, income before income taxes of CAD 706 million, net income of CAD 486 million, net income attributable to common shares of CAD 432 million, net cash provided by operations of CAD 972 million, capital expenditures of CAD 744 million for the same quarter a year ago. Comparable EBITDA was CAD 1,531 million against CAD 1,396 million for the same period a year ago. EBITDA was CAD 1,442 million against CAD 1,385 million for the same period a year ago. Comparable EBIT was CAD 1,097 million against CAD 1,003 million for the same period a year ago.
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