Edition:
United Kingdom

TransCanada Corp (TRP.TO)

TRP.TO on Toronto Stock Exchange

62.64CAD
18 Apr 2019
Change (% chg)

$0.29 (+0.47%)
Prev Close
$62.35
Open
$62.60
Day's High
$62.67
Day's Low
$62.01
Volume
4,707,109
Avg. Vol
2,688,633
52-wk High
$62.67
52-wk Low
$47.90

Latest Key Developments (Source: Significant Developments)

TransCanada Says Federal Energy Regulatory Commission Has Approved Full In-Service Of Its Mountaineer Xpress Project
Friday, 1 Mar 2019 

March 1 (Reuters) - TransCanada Corp ::TRANSCANADA'S MOUNTAINEER XPRESS PROJECT PLACED INTO SERVICE, GULF XPRESS REACHES PARTIAL IN-SERVICE.TRANSCANADA CORP - FEDERAL ENERGY REGULATORY COMMISSION HAS APPROVED FULL IN-SERVICE OF ITS MOUNTAINEER XPRESS (MXP) PROJECT.TRANSCANADA CORP - GXP IS ALSO UNDERPINNED BY LONG-TERM CONTRACTS WITH CUSTOMERS AND IS EXPECTED TO BE PLACED INTO FULL SERVICE IN COMING WEEKS.  Full Article

TC Pipelines Lp - QTRLY Adjusted Earnings Per Common Unit $1.06
Thursday, 21 Feb 2019 

Tc Pipelines Lp ::TC PIPELINES, LP ANNOUNCES 2018 FOURTH QUARTER AND YEAR END FINANCIAL RESULTS.QTRLY ADJUSTED EARNINGS PER COMMON UNIT $1.06.Q4 EARNINGS PER SHARE VIEW $0.92 -- REFINITIV IBES DATA.QTRLY LOSS PER COMMON UNIT – $5.80.QTRLY TRANSMISSION REVENUES, NET $220 MILLION VERSUS $109 MILLION.GIVEN CONTINUED UNCERTAINTY REGARDING FUTURE CASH FLOWS ON BISON, TOOK AN IMPAIRMENT CHARGE TO EARNINGS DURING Q4 ON PIPELINE.TC PIPELINES - INCURRED NET LOSS OF $413 MILLION IN QUARTER DUE TO AFOREMENTIONED NON-CASH IMPAIRMENT CHARGES PARTIALLY OFFSET BY BISON'S CONTRACT PROCEEDS.PARTNERSHIP DOES NOT ANTICIPATE FURTHER DROPDOWN TRANSACTIONS FROM TRANSCANADA UNDER CURRENT MARKET CONDITIONS.CONTINUE TO EVALUATE REDEPLOYMENT ALTERNATIVES FOR BISON PIPELINE FOLLOWING EXPIRATION OF REMAINING LONG-TERM CONTRACTS IN JAN 2021.TC PIPELINES - DURING Q4 , TWO OF BISON'S CUSTOMERS ELECTED TO PAY OUT REMAINDER OF FUTURE CONTRACTED OBLIGATIONS, TERMINATE TRANSPORTATION AGREEMENTS.RECORDED NON-CASH IMPAIRMENT CHARGE OF $537 MILLION WAS IN Q4 2018.  Full Article

Keystone pipeline restarted with 20 pct pressure reduction: PHMSA
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - TransCanada Corp ::KEYSTONE OIL PIPELINE RESTARTED WITH 20 PERCENT PRESSURE REDUCTION - U.S. REGULATOR PHMSA.  Full Article

TransCanada says on track to sell stake in Coastal GasLink in second half
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - TransCanada Corp executives spoke on a conference call on Thursday::TRANSCANADA EXECUTIVE VP SAYS AIMING TO START KEYSTONE XL CONSTRUCTION IN 2019, UNCERTAIN WHEN REGULATORY HURDLES WILL BE CLEARED.TRANSCANADA CFO SAYS HE IS ENCOURAGED BY INTEREST FROM POTENTIAL PARTNERS IN COASTAL GASLINK LINE, EXPECTS DECISION IN SECOND HALF.  Full Article

TransCanada Corp Q4 Earnings Per Share C$1.19
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - TransCanada Corp ::TRANSCANADA REPORTS RECORD FINANCIAL RESULTS FOR 2018.Q4 NON-GAAP EARNINGS PER SHARE C$1.03.Q4 EARNINGS PER SHARE C$1.19.Q4 EARNINGS PER SHARE ESTIMATE C$0.96 -- REFINITIV IBES DATA.TRANSCANADA - CONTINUE TO ADVANCE MORE THAN $20 BILLION OF PROJECTS UNDER DEVELOPMENT INCLUDING KEYSTONE XL AND BRUCE POWER LIFE EXTENSION PROGRAM.DECLARED A QUARTERLY DIVIDEND OF $0.75 PER COMMON SHARE FOR QUARTER ENDING MARCH 31, 2019.QTRLY REVENUE $3,904 MILLION VERSUS $3,617 MILLION REPORTED LAST YEAR.SECURED COMMERCIAL SUPPORT FOR ALL AVAILABLE KEYSTONE XL PROJECT CAPACITY AND COMMENCED CERTAIN PRE-CONSTRUCTION ACTIVITIES.Q4 REVENUE VIEW C$3.83 BILLION -- REFINITIV IBES DATA.CONTINUE TO ADDRESS OUTSTANDING LEGAL CHALLENGES REGARDING KEYSTONE XL PROJECT.EXPECT NEBRASKA SUPREME COURT TO REACH DECISION IN Q1 REGARDING CHALLENGE TO NEBRASKA PUBLIC SERVICE COMMISSION'S ROUTE APPROVAL.TRANSCANADA - WELL POSITIONED TO FUND SECURED GROWTH PROGRAM THROUGH INTERNALLY GENERATED CASH FLOW, ACCESS TO CAPITAL MARKETS, PORTFOLIO MANAGEMENT.Q4 2018 RESULTS INCLUDED A $143 MILLION AFTER-TAX GAIN RELATED TO SALE OF OUR INTERESTS IN CARTIER WIND POWER FACILITIES.KARL JOHANNSON AND KRISTINE DELKUS WILL BE RETIRING FROM COMPANY IN FIRST AND SECOND QUARTERS OF 2019, RESPECTIVELY.SOUTH DAKOTA SUPREME COURT DISMISSED AN APPEAL AGAINST CERTIFICATION OF KEYSTONE XL PROJECT.  Full Article

LNG Canada CEO Calitz Says LNG Canada Intends To Continue To Advance Project And Maintain Its Construction Schedule
Friday, 11 Jan 2019 

Jan 10 (Reuters) - :LNG CANADA CEO ANDY CALITZ SAYS LNG CANADA HAS "EVERY INTENTION" TO CONTINUE TO ADVANCE ITS PROJECT AND MAINTAIN ITS CONSTRUCTION SCHEDULE.LNG CANADA CEO CALITZ SAYS "CONSCIOUS" THAT ANY DELAY IN PROJECT CAN ERODE CONFIDENCE IN BC AND CANADA TO DELIVER ENERGY PROJECTS - STATEMENT.LNG CANADA CEO ANDY CALITZ SAYS RECOGNIZE IT MAY NOT BE POSSIBLE TO GET UNANIMOUS SUPPORT FOR A MAJOR INFRASTRUCTURE PROJECT IN BC - STATEMENT.LNG CANADA CEO CALITZ SAYS HOPES RELATIONSHIP AMONG INDIGENOUS PEOPLE WHO SUPPORT AND OPPOSE LNG DEVELOPMENT IN BC, CANADA CAN BE "MENDED AND HEALED".  Full Article

Transcanada Plans Name Change To TC Energy
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - TransCanada Corp ::TRANSCANADA PLANS NAME CHANGE TO TC ENERGY.TRANSCANADA CORP - NAME CHANGE WILL BE EFFECTIVE IMMEDIATELY FOLLOWING ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS IN Q2 OF 2019.TRANSCANADA CORP - INTENDS TO CONTINUE TRADING UNDER "TRP" ON TORONTO AND NEW YORK STOCK EXCHANGES AFTER ADOPTING NEW NAME.TRANSCANADA - SHAREHOLDERS WILL BE ASKED TO APPROVE A SPECIAL RESOLUTION TO CHANGE NAME AT CO'S NEXT ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS.  Full Article

Transcanada Reaches Agreement To Sell Coolidge Generating Station For $465 Mln
Monday, 17 Dec 2018 

Dec 17 (Reuters) - TransCanada Corp ::PRESS RELEASE - TRANSCANADA REACHES AGREEMENT TO SELL COOLIDGE GENERATING STATION FOR US$465 MILLION.TRANSCANADA CORP - WHEN COMBINED, EXPECT TO REALIZE APPROXIMATELY $1.7 BILLION THAT WILL BE USED TO HELP FUND OUR NEAR-TERM CAPITAL PROGRAM.TRANSCANADA CORP - "WELL-POSITIONED TO FUND $36 BILLION OF COMMERCIALLY SECURED PROJECTS".TRANSCANADA CORP - TO SELL COOLIDGE GENERATING STATION TO SWG COOLIDGE HOLDINGS, LLC.TRANSCANADA - UNDER TERMS OF PPA, SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT HAS A RIGHT OF FIRST REFUSAL ON A SALE TO A THIRD PARTY.  Full Article

TransCanada says remains committed to building Keystone XL pipeline
Friday, 9 Nov 2018 

Nov 9 (Reuters) - TransCanada Corp statement on Friday::TRANSCANADA CORP SAYS IT REMAINS COMMITTED TO BUILDING KEYSTONE XL OIL PIPELINE-STATEMENT.  Full Article

Federal Judge Blocks Keystone XL Oil Pipeline - The Hill
Friday, 9 Nov 2018 

Nov 8 (Reuters) - :FEDERAL JUDGE BLOCKS KEYSTONE XL OIL PIPELINE - THE HILL.  Full Article

PRESS DIGEST- Canada- April 18

April 18 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.