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TransCanada Corp (TRP)

TRP on New York Consolidated

47.65USD
27 Jun 2017
Change (% chg)

$0.17 (+0.36%)
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$47.48
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Latest Key Developments (Source: Significant Developments)

TransCanada establishes at-the-market equity program
Monday, 26 Jun 2017 08:41pm EDT 

June 26 (Reuters) - Transcanada Corp ::Transcanada establishes at-the-market equity program.Transcanada - established ATM program allowing co to issue common shares from treasury having an aggregate gross sales price of up to $1 billion to public.  Full Article

Transcanada invests $2 bln to expand NGTL system capacity
Wednesday, 14 Jun 2017 09:00am EDT 

June 14 (Reuters) - Transcanada Corp ::Transcanada invests $2 billion to expand NGTL system capacity.Transcanada Corp - will move forward with a new $2 billion expansion program on its Nova Gas Transmission Ltd system.Transcanada Corp - ‍Transcanada will engage communities and indigenous peoples as part of expansion​.Transcanada Corp - applications for various projects will be filed with national energy board starting in Q4 of 2017.Transcanada Corp - construction is expected to start in early 2019, with initial projects expected to be in service in Q4 2019.  Full Article

TransCanada files for stock shelf of up to $1 bln
Tuesday, 13 Jun 2017 05:21pm EDT 

June 13 (Reuters) - Transcanada Corp ::Files for stock shelf of up to $1.0 billion - sec filing.  Full Article

Crew Energy announces temporary outage at Montney facility
Tuesday, 13 Jun 2017 09:00am EDT 

June 13 (Reuters) - Crew Energy Inc -:Crew Energy announces alliance pipeline force majeure causes temporary suspension of Montney production.Crew Energy Inc - ‍previously announced q2 2017 production guidance of 20,000 to 21,000 boe per day will be impacted​.Crew Energy -informed by alliance pipeline limited partnership that it has detected slope movement in vicinity of its pipeline system near wapiti river.Crew Energy-‍q2 production guidance to be impacted by average of 200 boe per day for each day crew's alliance service is unavailable​.Crew Energy -alliance will be required to reduce system operating pressure at this location for duration of work.Crew Energy - based on alliance's expectation of a three to five day outage, q2 production is expected to be impacted by about 600 to 1,000 boe per day.Crew Energy Inc - ‍maintains full year guidance of 24,000 to 26,000 boe per day​.Crew Energy - currently has three drilling rigs at work in northeast b.c., an inventory of 19 drilled and uncompleted wells and one frac spread at work.Crew Energy - work at location will cause reduction in firm transportation service capability and zero flow restrictions at certain receipt points.Crew Energy Inc - proceeding with tie-in of its expanded 120 mmcf per day west septimus gas processing facility into transcanada pipeline system.Crew Energy Inc - work on tie-in of west septimus gas processing facility expected to commence in fall of 2017 and conclude by april of 2018.  Full Article

TransCanada completes sale of U.S. Northeast power assets
Monday, 5 Jun 2017 09:00am EDT 

June 5 (Reuters) - TransCanada Corp -:TransCanada completes sale of u.s. Northeast power assets.TransCanada Corp - intends to wind down its transcanada power marketing ltd (tcpm) operations.TransCanada Corp - expects to realize approximately us$3.7 billion from monetization of its u.s. Northeast merchant power business.TransCanada Corp - columbia acquisition bridge facilities to be fully retired.  Full Article

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

More From Around the Web

BRIEF-TransCanada establishes at-the-market equity program

* Transcanada - established ATM program allowing co to issue common shares from treasury having an aggregate gross sales price of up to $1 billion to public Source text for Eikon: Further company coverage: