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December 01, 2015 11:25 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. The company’s system, covers an area of approximately 24,525 kilometers, gathers and transports natural gas for the Western Canada Sedimentary Basin, as well as connects various natural gas processing plants in Western Canada. NOVA Gas Transmission Ltd., through its subsidiary, TransCanada Pipeline Ventures Limited Partnership, operates a 161 kilometers pipeline supplying natural gas to the oil sands region of northern Alberta; and a 27 kilometers pipeline supplying natural gas to a petrochemical complex at Joffre, Alberta. The company is based in Calgary, Canada...

450 1 Street S.W.

Calgary, AB T2P 5H1






Key Executives for Nova Gas Transmission Ltd.

President, Director and Executive Vice President of Gas Transmission - TransCanada PipeLines Limited
Age: 61
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: 52
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: 60
Vice President, Corporate Secretary, Vice President of TransCanada PipeLines Limited and Corporate Secretary of TransCanada PipeLines Limited
Age: 57
Compensation as of Fiscal Year 2015.

Nova Gas Transmission Ltd. Key Developments

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.

Nova Gas Transmission Ltd. Announces $2.7 Billion of New System Expansions

TransCanada Corporation announced that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), will contract approximately 4.0 billion cubic feet per day (Bcf/d) of firm new contracts that will lead to a system expansion through to 2017 of up to $2.7 billion. TransCanada has received requests from multiple parties for significant volumes of new firm services on the NGTL System. The NGTL System currently transports more than three-quarters of total WCSB production to markets within the basin and to downstream Canadian and U.S. export markets. This demand for services is expected to result in a total of approximately 4.0 Bcf/d of incremental firm service contracts. Approximately 3.1 Bcf/d of this volume relates to firm receipt service and about 0.9 Bcf/d relates to firm delivery service. The estimated capital cost for the 2016/2017 expansion program is approximately $2.7 billion. The investment includes multiple projects that total 540 kilometres (336 miles) of 20 to 48-inch diameter pipeline, seven compressors, 40 meter stations and other associated facilities. Applications to construct and operate the various components of the 2016/2017 expansion program will be filed with the National Energy Board between fourth quarter 2014 through third quarter 2015. Subject to regulatory approvals, construction should start in 2016 with all facilities expected to be in service by second quarter of 2017.

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