Profile: TransCanada Corp (TRP.TO)
23 May 2017
TransCanada Corporation, incorporated on February 25, 2003, is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines and Liquids Pipelines segments principally consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. The Energy segment includes its power operations and the non-regulated natural gas storage business in Canada. TransCanada PipeLines Limited (TCPL) is its principal operating subsidiary.
The Company's natural gas pipeline business builds, owns and operates a network of natural gas pipelines across North America that connects gas production to interconnects and end use markets. The network includes pipelines that are buried underground and transport natural gas predominantly under high pressure, compressor stations that act like pumps to move the large volumes of natural gas along the pipeline, meter stations that record the amount of natural gas coming on the network at receipt locations and leaving the network at delivery locations, and natural gas storage facilities that provide services to customers and help maintain the overall balance of the pipeline systems. Its natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation facilities, interconnecting pipelines and other businesses across Canada, the United States and Mexico. Its Natural Gas Pipelines business is split into three operating segments representing its geographic diversity: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines. Its liquids pipeline infrastructure connects Alberta 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's Energy business consists of three groups: Canadian Power, Natural Gas Storage (Canadian, non-regulated) and U.S. Power. The Company owns Columbia Pipeline Group, Inc. (Columbia). As of December 31, 2016, Columbia operated a portfolio of approximately 24,500 kilometers (15,200 miles) of regulated natural gas pipelines, 285 billion cubic feet (Bcf) of natural gas storage facilities and related midstream assets. The Company also owns and manages Columbia's midstream services, which provide specific natural gas producer services, including gathering, treatment, conditioning, processing and liquids handling with a focus on the Appalachian Basin. As of December 31, 2016, it also owned a portfolio of capital growth projects, which included seven pipeline expansions designed to transport supply from the Marcellus/Utica production basins to markets. As of December 31, 2016, Columbia's natural gas storage business included 37 storage fields in four states and was integrated with the Columbia pipeline assets. The Company also operates and owns an interest in Hardy Storage, a natural gas storage field in Hardy and Hampshire counties in West Virginia.
The Company owns and operates Columbia Gas interstate natural gas transportation pipeline and storage system, which operates as a means to transport gas from the Gulf Coast via Columbia Gulf, from various pipeline interconnects and from production areas in the Appalachian region to markets in the midwest, Atlantic and northeast regions. It owns and operates Columbia Gulf long-haul interstate natural gas transportation pipeline system that is designed to transport supply from the Gulf of Mexico to supply markets in the United States Northeast. The Company operates and owns an ownership interest in Millennium, which transports natural gas primarily sourced from the Marcellus shale to markets across southern New York and the lower Hudson Valley, as well as to the New York City market through its pipeline interconnections. The Company owns and operates Crossroads interstate natural gas pipeline operating in Indiana and Ohio. Its Midstream business provides natural gas producer services, including gathering, treating, conditioning, processing, compression and liquids handling in the Appalachian Basin.
The Company's natural gas pipeline network transports natural gas from supply basins to local distribution companies, power generation facilities, interconnecting pipelines and other businesses. As of December 31, 2016, its network of pipelines tapped into supply basin and transported continental daily natural gas needs through wholly owned natural gas pipelines comprising 80,400 kilometers (50,000 miles) and partially-owned natural gas pipelines comprising 11,100 kilometers (6,900 miles). As of December 31, 2016, in addition to its interstate natural gas pipelines, the Company also had regulated natural gas storage facilities in the United States with a total working gas capacity of 535 Bcf.
450 1 St SW
CALGARY AB T2P 5H1
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