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TransCanada Corp (TRP.N)

TRP.N on New York Stock Exchange

47.01USD
26 May 2017
Change (% chg)

$-0.31 (-0.66%)
Prev Close
$47.32
Open
$47.29
Day's High
$47.38
Day's Low
$46.98
Volume
253,054
Avg. Vol
322,028
52-wk High
$49.76
52-wk Low
$41.13

Latest Key Developments (Source: Significant Developments)

Transcanada reports Q1 earnings per share C$0.74
Friday, 5 May 2017 07:30am EDT 

May 5 (Reuters) - Transcanada Corp : :Transcanada reports first quarter 2017 financial results; strong results build upon transformational 2016.Q1 non-GAAP earnings per share C$0.81.Q1 earnings per share C$0.74.Q1 earnings per share view C$0.74 -- Thomson Reuters I/B/E/S.Qtrly revenues $3,391 million versus $2,503 million.Transcanada Corp - board of directors declared a quarterly dividend of $0.625 per common share for quarter ending June 30, 2017.Transcanada-In late March 2017, 972 mw unit 30 at ravenswood generating station experienced unplanned outage as a result of a problem on generator.Transcanada Corp - overall comparable earnings outlook for 2017 remains consistent with what was previously included in 2016 annual report.Transcanada Corp - repairs to ravenswood generating station are underway and unit is expected to be returned to service in Q2 2017.Transcanada - "advancing a $23 billion near-term capital program that is expected to generate significant growth in earnings and cash flow" through 2020.Transcanada - $23 billion near-term capital program expected to support expected annual dividend growth rate at upper end of 8-10 percent range through 2020.Transcanada Corp - in the process of seeking regulatory approval in nebraska for keystone XL while progressing commercial discussions with customers.Q1 revenue view C$3.19 billion -- Thomson Reuters I/B/E/S.  Full Article

Transcanada announces agreements to sell interests in Iroquois and Pngts to Tc Pipelines LP
Thursday, 4 May 2017 07:31am EDT 

May 4 (Reuters) - Transcanada Corp : :Transcanada announces agreements to sell interests in Iroquois and Pngts to Tc Pipelines LP.Transcanada Corp - deal for us$765 million.Transcanada-To sell 49.3 percent interest in iroquois gas transmission system, 11.8 percent interest in portland natural gas transmission system to tc pipelines.Transcanada Corp - deal is comprised of US$597 million in cash and assumption of us$168 million in proportionate debt at iroquois and pngts.  Full Article

Tc Pipelines LP reports qtrly net income per common unit $1.05
Thursday, 4 May 2017 07:30am EDT 

May 4 (Reuters) - TC Pipelines LP : :TC Pipelines LP announces 2017 first quarter financial results and agreement to acquire interests in iroquois and pngts.TC Pipelines LP qtrly net income per common unit $1.05.TC Pipelines LP - expect to again recommend a six percent increase in distribution in july.TC Pipelines LP - reached agreements to purchase a 49.3 percent interest in Iroquois Gas Transmission System LP from Transcanada.  Full Article

Transcanada receives presidential permit for Keystone XL
Friday, 24 Mar 2017 07:00am EDT 

Transcanada Corp : Transcanada receives presidential permit for Keystone XL . U.s. Department of state has signed and issued a presidential permit to construct Keystone XL pipeline. . Discontinued its claim under chapter 11 of North American Free Trade Agreement (NAFTA) and will end its U.S. constitutional challenge . Will continue to engage key stakeholders, neighbors throughout Nebraska, Montana and South Dakota to obtain necessary permits, approvals . "Appreciate president Trump's administration for reviewing and approving this important initiative" .Keystone XL is "important" for Co's U.S. growth portfolio driving an investment of more than US$15 billion in liquids and natural gas projects.  Full Article

Transcanada seeks approval to proceed with North Montney Mainline Project
Monday, 20 Mar 2017 09:00am EDT 

Transcanada Corp : Transcanada seeks approval to proceed with north montney mainline project . Transcanada corp - transcanada has secured new 20-year commercial contracts with 11 shippers for approximately 1.5 bcf/d of firm service . Transcanada corp - it has filed a variance application with national energy board to proceed with construction of north montney mainline (nmml) project . Subject to regulatory approvals, transcanada plans to begin construction in first half of 2018 . Transcanada-Requested variance would allow co to move forward with construction of majority of nmml project, at estimated capital cost of about $1.4 billion .Transcanada-Plans to begin construction in first half of 2018, with facilities being phased into service over 2-year period, beginning in april 2019.  Full Article

M2 Infrastructure says entered into MOU with Transcanada to pursue construction of crude oil storage
Wednesday, 15 Mar 2017 09:38am EDT 

Transcanada Corp : M2 Infrastructure - entered into MOU with Transcanada to pursue construction of 6.2 million barrels of crude oil storage at Transcanada's terminal in Oklahoma .M2 Infrastructure Llc -construction of crude oil storage is expected to begin in late 2017.  Full Article

Transcanada announces Canadian mainline open season results
Monday, 13 Mar 2017 09:00am EDT 

Transcanada Corp : Transcanada announces successful canadian mainline open season results . Transcanada Corp - open season resulted in binding, long-term contracts from Western canada sedimentary basin gas producers to transport 1.5 pj/d of natural gas . Transcanada Corp - term of contract is 10 years and has early termination rights that can be exercised following initial five years of service . Transcanada Corp - targeted in-service date is november 1, 2017. .Transcanada Corp - company intends to file an application for regulatory approval with national energy board in April 2017..  Full Article

TransCanada offers to sell interest in Iroquois and PNGTS to TC Pipelines LP
Monday, 27 Feb 2017 07:30am EST 

TransCanada Corp : TransCanada announces offer to sell 49.3 pct interest in Iroquois and remaining 11.8 pct interest in PNGTS to TC Pipelines, LP . Says TransCanada's board of directors has approved sales of Iroquois and PNGTS .TransCanada Corp - TransCanada, through its subsidiaries, currently holds an approximate 27 per cent interest in TC Pipelines, LP.  Full Article

TC Pipelines LP posts Q4 earnings per unit $0.70
Monday, 27 Feb 2017 07:29am EST 

Tc Pipelines Lp : TC Pipelines, LP announces 2016 fourth quarter and year end financial results . TC Pipelines LP - qtrly earnings per unit $0.70 . TC Pipelines LP says receives offer from TransCanada to purchase interests in Iroquois and PNGTS Systems . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Qtrly transmission revenues $91 million versus $89 million .TC Pipelines LP - funding of transaction with TransCanada could be sourced from a combination of debt and equity.  Full Article

TransCanada expects to retain enough shipper support for KXL pipeline
Thursday, 16 Feb 2017 04:31pm EST 

Transcanada Corp : Says expects to retain sufficient commercial support from shippers to underpin Keystone XL pipeline project . Says some KXL shippers may increase or decrease volume commitments . Says $8 billion is most recent cost estimate for Keystone XL, will look to refresh that in 2017 . Says does not anticipate being ready to start construction on KXL until well into 2018, construction will take two years .Says no plans at this point for an open season on Keystone XL capacity.  Full Article

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