TransCanada Corporation
 |
|
| Public | |
| Traded as | : TRP : TRP S&P/TSX 60 component |
| Industry |
Oil and gas Electricity |
| Founded | 1951 |
| Headquarters | TransCanada Tower, Calgary, Alberta, Canada |
|
Area served
|
Canada Mexico United States |
|
Key people
|
Russ Girling, President and CEO |
| Products | Natural gas Electric power |
| Services |
Pipeline transport Natural gas storage |
| Revenue | C$10.185 billion (2014) |
 C$1.743 billion (2014) |
|
| Total assets | C$58.9 billion (2014) |
|
Number of employees
|
6,059 |
| Website | transcanada |
TransCanada Corporation is a major North American energy company, based in Calgary, Alberta, Canada, developing and operating energy infrastructure in North America. Its pipeline network includes approximately 3,460 kilometres (2,150 miles) of oil pipeline, plus approximately 57,000 kilometres (35,418 miles) of wholly owned and 11,500 kilometres (7,146 miles) of partially owned gas pipeline that 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 407 billion cubic feet (1.15×1010 m3) of storage capacity. TransCanada also owns, or has interests in, approximately 11,800 megawatts of power generation.
TransCanada is the largest shareholder in, and owns the general partner of, TC PipeLines. The company was founded in 1951 in Calgary. In January 2014, 46% of the ownership of TransCanada was by institutional shareholders.
Wholly owned pipelines:
Affiliated pipelines:
TransCanada maintains that people have public access to the pipeline, thus supporting criteria for eminent domain. "It's open for anyone to do business on our pipeline, we welcome business to our pipe." said TransCanada Media Relations Michael Barnes.
At one point in October 2011, TransCanada was 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. However, on August 23, 2012, Texas Judge Bill Harris ruled that TransCanada has the legal right of eminent domain and may lease or purchase land from owners who refused to sign an agreement with the company for the public right-of-way of a pipeline. The landowners had claimed that because the pipeline was not open to other companies, it did not meet the criteria for eminent domain.
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.
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Wikipedia