Profile: TransCanada Corp (TRP)
23 Feb 2017
TransCanada Corporation (TransCanada), incorporated on February 25, 2003, is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company's investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities. These assets are located in Canada, the United States and Mexico. The Liquids Pipelines segment consists of approximately 4,250 km (approximately 2,640 miles) of crude oil pipeline systems, which connect Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas. The Energy segment consists of the Company's investments in over 20 electrical power generation plants and approximately two non-regulated natural gas storage facilities. These include Canadian plants in Alberta, Ontario, Quebec and New Brunswick and United States plants in New York, New England and Arizona.
Natural Gas Pipelines
The Company's Canadian pipelines include NGTL System, Canadian Mainline, Foothills and Trans Quebec & Maritimes (TQM). The United States pipelines include ANR Pipeline, ANR Storage, Bison, Gas Transmission Northwest (GTN), Great Lakes, Iroquois, North Baja, Northern Border, Portland and Tuscarora. Its Mexican pipelines include Guadalajara and Tamazunchale. The NGTL System is an approximately 24,540 kilometers pipeline in Canada. The NGTL System transports, receives and delivers natural gas within Alberta and British Columbia, and connects with the Canadian Mainline, Foothills system and third-party pipelines. Canadian Mainline is an over 14,110 kilometers Canadian pipeline. The Canadian Mainline transports natural gas from the Alberta/Saskatchewan border and the Ontario/United States border to serve eastern Canada and interconnects to the United States. Foothills is an approximately 1,240 kilometers pipeline. Foothills transports natural gas from central Alberta to the United States border for export to the United States Midwest, Pacific northwest, California and Nevada. TQM is an approximately 570 kilometers pipeline that connects with Canadian Mainline near the Ontario/Quebec border to transport natural gas to the Montreal to Quebec City corridor, and connects with the Portland pipeline system that serves the northeast United States.
ANR Pipeline is an approximately 15,110 kilometers pipeline, which transports natural gas from supply basins to markets throughout the mid-west and south to the Gulf of Mexico. ANR Storage provides regulated underground natural gas storage service from facilities located in Michigan, the United States. Bison is an approximately 490 kilometers pipeline, which transports natural gas from the Powder River Basin in Wyoming to Northern Border in North Dakota. GTN is an over 2,220 kilometers pipeline that transports natural gas from the Western Canada Sedimentary Basin (WCSB) and the Rocky Mountains to Washington, Oregon and California. GTN connects with Tuscarora and Foothills. Great Lakes is an approximately 3,400 kilometers pipeline that connects with the Canadian Mainline near Emerson, Manitoba and St Clair, Ontario, and interconnects with ANR at Crystal Falls and Farwell in Michigan, to transport natural gas to eastern Canada, and the United States upper Midwest. Iroquois is an over 670 kilometers pipeline that connects with Canadian Mainline near Waddington, New York to deliver natural gas to customers in the United States northeast.
North Baja is an approximately 140 kilometers pipeline, which transports natural gas between Arizona and California, and connects with a third-party pipeline on the California/Mexico border. Northern Border is an over 2,260 kilometers pipeline that transports WCSB and Rockies natural gas with connections to Foothills and Bison to the United States Midwest markets. Portland is an approximately 470 kilometers pipeline that connects with TQM near East Hereford, Quebec, to deliver natural gas to customers in the United States northeast. Tuscarora is an over 490 kilometers pipeline that transports natural gas from GTN at Malin, Oregon to markets in northeastern California and northwestern Nevada. Guadalajara is an approximately 310 kilometers pipeline that transports natural gas from Manzanillo, Colima to Guadalajara, Jalisco. Tamazunchale is an over 360 kilometers pipeline that transports natural gas from Naranjos, Veracruz in east central Mexico to Tamazunchale, San Luis Potosi and on to El Sauz, Queretaro.
The Company's liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. The Company is an operator of a range of pipelines and properties, including Keystone Pipeline System and Cushing Marketlink and Terminal. Keystone Pipeline System is an approximately 4,250 kilometers pipeline that transports crude oil from Hardisty, Alberta, to the United States markets at Wood River and Patoka Illinois, Cushing, Oklahoma and Port Arthur, Texas. Cushing Marketlink and Terminal transports crude oil from the market hub at Cushing, Oklahoma to the Port Arthur, Texas refining market on facilities that form part of the Keystone Pipeline System.
The Company's Energy business includes a portfolio of power generation assets in Canada and the United States, and unregulated natural gas storage assets in Alberta. It owns, controls or is developing approximately 13,100 megawatts of generation capacity powered by natural gas, nuclear, coal, hydro, wind and solar assets. Its power business in Canada is located in Alberta, Ontario and Quebec. Its power business in the United States is located in New York, New England, Pennsylvania and Arizona. It conducts wholesale and retail electricity marketing and trading throughout North America from its offices in Alberta, Ontario and Massachusetts. The Company owns and operates approximately 120 Bcf of unregulated natural gas storage capacity in Alberta and holds a contract with a third party for additional storage, in total accounting for approximately one-third of all storage capacity in the province. When combined with the regulated natural gas storage in Michigan (part of the Natural Gas Pipelines segment), it provides over 350 billion cubic feet of natural gas storage and related services. The Company is an operator of all of its Energy assets, except for the Sheerness, Sundance A and Sundance B PPAs, Cartier Wind, Bruce A and B and Portlands Energy. In Canada, the Company owns and operates Bear Creek, Carseland, Coolidge, Mackay River and Redwater facilities that are powered by natural gas.
The Company operates Becancour, Cartier Wind, Grandview, Halton Hills, Portlands Energy and Ontario Solar. Becancour is a cogeneration plant with a generating capacity of approximately 550 megawatts. Cartier Wind is an approximately five wind power projects with a generating capacity of over 370 megawatts. Grandview is a cogeneration plant with a generating capacity of approximately 90 megawatts. Halton Hills is a combined-cycle plant with a generating capacity of over 680 megawatts. Portlands Energy is a combined-cycle plant with a generating capacity of approximately 270 megawatts. Ontario Solar consists of over eight solar facilities with a generating capacity of approximately 80 megawatts. The Company also has interest in Bruce Power. Bruce Power is a nuclear power generation facility located in Tiverton, Ontario. The Company owns Kibby Wind, Ocean State Power, Ravenswood, T C Hydro and Ironwood. Kibby Wind is a wind farm with a generating capacity of over 130 megawatts. Ocean State Power is a combined cycle plant with a generating capacity of approximately 560 megawatts. Ravenswood is a multiple-unit generating facility with a generating capacity of approximately 2,480 megawatts. TC Hydro consists of over 10 hydroelectric facilities, including stations and associated dams and reservoirs, with a generating capacity of approximately 580 megawatts.
450 1 St SW
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Company Web Links
- TransCanada launches open season for flat toll on natgas Mainline
- UPDATE 2-TransCanada launches open season for flat toll on natgas Mainline
- BRIEF-TransCanada launches open season on revised mainline tolling option
- TransCanada files Keystone XL route application in Nebraska
- TransCanada files Keystone XL route application in Nebraska