TransCanada Corporation

TransCanada Corporation
	File:TransCanada Logo.svg
Type	Public
Traded as	NYSE: TRP TSX: TRP
Industry	Natural gas and Power generation
Founded	1951
Headquarters	Calgary, AB, Canada
Key people	Russ Girling, President & CEO
Employees	4,200
Website	www.transcanada.com

File:Trans Canada Tower1.JPG

TransCanada Tower, company head office in Calgary

TransCanada Corporation (TSX: TRP, NYSE: TRP) 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]

Corporate governance

Members of the board of directors of TransCanada (as of April 25, 2008) are S. Barry Jackson (Chair), Russ Girling (President and CEO), Kevin E. Benson, Derek Burney, Wendy K. Dobson, E. Linn Draper, Paule Gauthier, Kerry L. Hawkins, Paul L. Joskow, John A. MacNaughton, David P. O'Brien, W. Thomas Stephens and D. Michael G. Stewart.

Pipelines

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

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

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.^[4]

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.^[5]

Proposed Oakville Generating Station controversy

As of June 2010, TransCanada is 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, those opposing the plant believe a buffer zone for such plants is required and that the proposed site is inappropriate due to its close proximity to homes and schools.^{[citation needed]} Local MPP Kevin Flynn has introduced a private member's bill that would require a 1500-meter buffer zone for such a plant, effectively preventing the construction of this project.^{[citation needed]} On April 27, 2010 the bill passed Second Reading with all-party support and was ordered to Standing Committee on General Government^[6]. As of June 7, 2010 is in committee.^{[citation needed]}