TransCanada Corporation
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| Type | Public |
|---|---|
| Traded as | NYSE: TRP TSX: TRP S&P/TSX 60 component |
| Industry | Natural gas and Power generation |
| Founded | 1951 |
| Headquarters | Calgary, AB, Canada |
| Key people | Russ Girling, President & CEO |
| Employees | 4,200 [1] |
| Website | www.transcanada.com |
TransCanada Corporation is a major North American energy company based in Calgary, Alberta, developing and operating energy infrastructure in North America. Its pipeline network includes approximately 59,000 kilometres (36,661 miles) of pipeline and connects with virtually all major gas supply basins in North America. TransCanada is one of the continent’s largest providers of gas storage and related services with approximately 355 billion cubic feet (1.01×1010 m3) of storage capacity. TransCanada also owns, or has interests in, approximately 10,800 megawatts of power generation.[2]
TransCanada is the largest shareholder in, and owns the general partner of, TC PipeLines, LP. The company was founded in 1951 in Calgary.[3]
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Keystone XL Pipeline [edit]
TransCanada is involved in up to 56 separate eminent domain actions against landowners in Texas and South Dakota who have refused to give permission to the company to build the Keystone Pipeline on their land.[4] On August 23, 2012, Texas Judge Bill Harris ruled that TransCanada could seize land from owners who refused to sign an agreement with the company. The landowners had claimed that because the pipeline was not open to other companies, it did not meet the criteria for eminent domain.[5]
On September 27, 2012, protesters began tree sitting in the path of the Keystone pipeline near Winnsboro, Texas. Eight people stood on tree platforms just ahead of where crews were cutting down trees to make way for the pipeline.[6]
On October 4, 2012, actress and activist Daryl Hannah and 78-year-old Texas landowner Eleanor Fairchild were arrested for criminal trespassing and other charges after they were accused of standing in front of TransCanada pipeline construction equipment on Fairchild's farm in Winnsboro, a town about 100 miles east of Dallas.[7] Ms. Fairchild has owned the land since 1983 and refused to sign any agreements with TransCanada. Her land was seized by eminent domain.
Proposed Oakville Generating Station [edit]
In June 2010, TransCanada was embroiled in a controversy surrounding a plan to construct a 975 MW gas-fired power plant on a disused 13.5-acre (5.5 ha) portion of Ford's Oakville, Ontario assembly plant. Local residents and politicians have expressed health and safety concerns to Ford in opposition to the plan.[citation needed]
Citing the 2010 gas-fired power-plant explosion plant in Middletown, Connecticut, U.S., and the 2008 Toronto propane explosion, Oakville MPP Kevin Flynn introduced a private member's bill that would require a 1500-meter buffer zone for such a plant, a proposal intended to effectively prevent the construction of this project.[8]
The proposed Oakville site was ultimately abandoned in response to political pressure; the station will instead be built on the Lennox Generating Station site west of Bath, Ontario.[9]
Corporate governance [edit]
Members of the board of directors of TransCanada (as of April 15, 2013) are S. Barry Jackson (Chair), Russ Girling (President and CEO), Kevin E. Benson, Derek Burney, E. Linn Draper, Paule Gauthier, Paula Rosput Reynolds, Mary Pat Salomone, W. Thomas Stephens, D. Michael G. Stewart and Richard E. Waugh. [10]
Pipelines [edit]
Wholly owned Pipelines:
- Alberta System (23,498 km)
- Canadian Mainline (14,957 km)
- Foothills System (1,241 km)
- ANR Pipeline (17,000 km)
- Gas Transmission Northwest System (2,174 km)
- North Baja Pipeline (129 km)
- Tamazunchale Pipeline (130 km)
Affiliated Pipelines:
- Great Lakes Gas Transmission Company (3,404 km)
- Northern Border Pipeline (2,250 km)
- Portland Natural Gas Transmission System (474 km)
- TC PipeLines, LP
- Keystone Pipeline
- Trans-Quebec and Maritimes Pipeline (572 km)
- Tuscarora Gas Pipeline (491 km)
Energy [edit]
- Bear Creek Cogeneration Plant (80 MW, Alberta, Canada)
- Becancour Power Plant (550 MW, Quebec, Canada)
- Cancarb (Carbon black manufacturer, Alberta, Canada)
- Carseland Cogeneration Plant (80 MW, Alberta, Canada)
- Connecticut River Hydroelectricity Generating System (484 MW, USA)
- Deerfield River Hydro Generating System (83 MW, USA)
- Grandview Cogeneration Plant (90 MW, New Brunswick, Canada)
- Halton Hills Combined Cycle Generating Plant (683 MW, Ontario, Canada)
- MacKay River Cogeneration Plant (165 MW, Alberta, Canada)
- Ocean State Power (560 MW, Rhode Island, USA)
- Ravenswood generating station (Long Island City, NY, USA)
- Redwater Cogeneration Plant (40 MW, Alberta, Canada)
- Bruce Power (6,300 MW, Ontario, Canada)
- Cartier Wind Energy (Quebec, Canada)
- Portlands Energy Centre (550 MW, Ontario, Canada)
- Sundance A and B Power Purchase Agreements (Alberta, Canada)
- Sheerness Power Purchase Agreement (Alberta, Canada)
Other projects [edit]
- Broadwater LNG
On April 2009, the company announced that it won a contract to build and control a gas pipeline on the Pacific Coast of Mexico.[11]
- Palomar Gas Transmission Pipeline
The company is partnering with NW Natural in a plan to build a 220-mile (350 km) gas pipeline in Oregon running from the proposed Bradwood Landing LNG terminal to connect with existing pipeline.[12]
References [edit]
- ^ About TransCanada
- ^ TransCanada Power Marketing - About Us
- ^ Kilbourn, William (1970). Pipeline: TransCanada and the Great Debate. p. 29.
- ^ "Eminent Domain Fight Has a Canadian Twist". New York Times. Oct 17, 2011.
- ^ "Keystone pipeline clears a hurdle". Washington Post. Aug 22, 2012.
- ^ "Protesters in Texas climb trees to block pipeline work". Houston Chronicle. September 25, 2012.
- ^ "Daryl Hannah freed following arrest in pipeline protest". Chicago Sun-Times. Oct 6, 2012.
- ^ Legislative Assembly of Ontario, Canada, Past & Present Bills and Lawmaking, 39:2 Bill 8, Separation Distances for Natural Gas Power Plants Act, 2010, Status
- ^ "Liberal deal to move Oakville gas-fired plant to Lennox will cost $40M". Financial Post. September 2012. Retrieved 2012-09-26.
- ^ TransCanada - Board of Directors
- ^ "Otras noticias internacionales". The Wall Street Journal. 2009-05-07
- ^ Palomar website
External links [edit]
- S&P/TSX 60 Index
- S&P/TSX Composite Index
- Companies listed on the New York Stock Exchange
- Companies listed on the Toronto Stock Exchange
- Companies based in Calgary
- Companies established in 1951
- Natural gas companies of Canada
- Natural gas pipeline companies
- Power companies of Canada
- TransCanada Corporation dams
