February 25, 2017 1:35 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Nova Gas Transmission Ltd.

Company Overview

NOVA Gas Transmission Ltd. owns and operates natural gas transmission system in Alberta and northeastern British Columbia, Canada. Its system covers an area of approximately 24,544 kilometers (km), and gathers and transports natural gas for the Western Canada Sedimentary Basin, as well as connects various natural gas processing plants in Western Canada. The company, through its subsidiary, TransCanada Pipeline Ventures Limited Partnership, operates a 161 km pipeline that transports natural gas to the oil sands region of northern Alberta and a 27 km pipeline that transports natural gas to a petrochemical complex at Joffre, Alberta. The company is based in Calgary, Canada. NOVA Gas Transmissio...

450 1 Street SW

Calgary, AB T2P 5H1




Key Executives for Nova Gas Transmission Ltd.

President, Director and Executive Vice President of Gas Transmission - TransCanada PipeLines Limited
Age: 62
Chairman, Chief Compliance Officer, Executive Vice President, Executive Vice President of Law - TransCanada Pipelines Limited and General Counsel of TransCanada Pipelines Limited
Age: 66
Chief Financial Officer, Executive Vice President, Treasurer, Director, Chief Financial Officer of TransCanada Pipelines Limited and Executive Vice President of Corporate Development - TransCanada Pipelines Limited
Age: 53
Executive Vice President of Operations, Executive Vice President of Engineering, Executive Vice President of Operations - TransCanada PipeLines Limited and Executive Vice President of Engineering -TransCanada PipeLines Limited
Age: 61
Vice President, Corporate Secretary, Vice President of TransCanada PipeLines Limited and Corporate Secretary of TransCanada PipeLines Limited
Age: 58
Compensation as of Fiscal Year 2016.

Nova Gas Transmission Ltd. Key Developments

Nova Gas Transmission Ltd. Towerbirch Expansion Project Drops to $439 Million

Nova Gas Transmission Ltd. has revised the estimated cost of its proposed Towerbirch pipeline expansion downward to $439 million, from an earlier estimated $470 million. In additional evidence filed with the National Energy Board (NEB), NGTL says the revised cost estimate includes the addition of two new meter stations at Dawson Creek East and Groundbirch East. The proposed Dawson Creek East receipt station will be located along the Groundbirch Mainline Loop approximately two kilometres north of Dawson Creek while the proposed Groundbirch East receipt meter station will be on the site of the existing Groundbirch East meter station, approximately 36 kilometres west of Dawson Creek. Subject to regulatory approval, pipeline construction is scheduled to begin in March 2017 with a targeted in-service date of November 2017.

NOVA Gas Transmission Ltd. Signs Contracts for New Firm Natural Gas Transportation Service

TransCanada Corporation has announced that NOVA Gas Transmission Ltd., or NGTL, has signed contracts for approximately 2.7 billion cubic feet per day of new firm natural gas transportation service which requires $570 million system expansion for 2018.

NGTL System Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

NGTL System announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of CAD 66 million compared to CAD 58 million reported in the same period of 2014. Comparable EBITDA was CAD 227 million against CAD 205 million reported last year. For the six months, the company reported net income of CAD 130 million compared to CAD 121 million reported in the same period of 2014. Comparable EBITDA was CAD 449 million against CAD 424 million reported last year.

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Recent Private Companies Transactions

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