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TransCanada Corp (TRP.N)

TRP.N on New York Stock Exchange

46.21USD
24 Mar 2017
Change (% chg)

$-0.05 (-0.11%)
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$46.26
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$46.16
Volume
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Latest Key Developments (Source: Significant Developments)

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

TransCanada applies for Keystone XL route approval in Nebraska
Thursday, 16 Feb 2017 11:17am EST 

Transcanada Corp : applies for Keystone XL route approval in Nebraska . "PSC process is the clearest path to achieving route certainty for the project in Nebraska and is expected to conclude in 2017" ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

TransCanada sets quarterly dividend of C$0.625/shr
Thursday, 16 Feb 2017 07:35am EST 

TransCanada Corp :Sets quarterly dividend of C$0.625 per share.  Full Article

TransCanada says given passage of time since denial of presidential permit for Keystone XL, updating shipping contracts
Thursday, 16 Feb 2017 07:31am EST 

TransCanada Corp : TransCanada reports fourth quarter and year-end 2016 financial results . Q4 non-gaap earnings per share c$0.75 . Q4 loss per share c$0.43 . Q4 earnings per share view c$0.72 -- Thomson Reuters I/B/E/S . Transcanada corp - 10.6% dividend increase . Transcanada corp - declared a quarterly dividend of $0.625 per common share for quarter ending march 31, 2017 . Transcanada corp - expect to invest about $1.1 billion in napanee facility during construction and commercial operations are expected to begin in 2018 . Qtrly revenue $3.62 billion versus $2.85 billion . Transcanada corp - in late 2017, expect $200 million Vaughan Loop project to be in service . Q4 revenue view c$3.50 billion -- Thomson Reuters I/B/E/S . Says expect Keystone XL project to retain sufficient commercial support for TransCanada to make a final investment decision . TransCanada- given passage of time since nov 6, 2015 denial of presidential permit for Keystone XL , co is updating shipping contracts . TransCanada Corp - recorded a non-cash charge of $92 million before tax ($68 million after tax) in Q4 2016 related to PPA emissions costs .TransCanada says given passage of time since nov 6, 2015 denial of presidential permit for Keystone XL, some shippers may increase or decrease volume commitments.  Full Article

More From Around the Web

TransCanada Keystone XL rejection lawsuit dropped - arbitrator

CALGARY, Alberta Transcanada Corp's legal challenge against the United States over its past rejection of Keystone XL pipeline has been dropped, the website for the arbitration court showed on Friday, minutes after President Donald Trump formally green-lit the project.