TransCanada450 - 1 Street SW
CA, T2P 5H1
- Fax: 403-920-2200
- Tel: 403-920-2000
- Toll-free within North America: 1-800-661-3805
- Website: www.transcanada.com
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TransCanada Corporation announced net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share compared to net income of $612 million or $0.70 per share for the same period in 2017. Comparable earnings for third quarter 2018 were $902 million or $1.00 per share compared to $614 million or $0.70 per share for the same period in 2017. TransCanada's Board of Directors also declared a quarterly dividend of $0.69 per common share for the quarter ending December 31, 2018, equivalent to $2.76 per common share on an annualized basis.
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TransCanada Corporation will proceed with construction of the Coastal GasLink pipeline project after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, British Columbia was announced by the joint venture participants of LNG Canada, a consortium comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS.
TransCanada Corporation is pleased to announce that its Coastal Gaslink Pipeline Project has signed community and project agreements with all of the elected Indigenous bands along its pipeline route in British Columbia. These agreements, totaling 20 across the province, exemplify the strong Indigenous support received for the proposed natural gas pipeline project in B.C.
TransCanada Corporation announced its Topolobampo Pipeline project has been placed into service in northern Mexico, providing capacity for 670 million cubic feet of natural gas per day to markets in the states of Chihuahua and Sinaloa. The project represents an investment of approximately US$1.2 billion and provides the upstream interconnection with the company's Mazatlan Pipeline.
Surerus Murphy Joint Venture (SMJV) is pleased to announce that it has been named as one of four contractors for TransCanada Pipeline's (TCPL) Coastal GasLink pipeline project. SMJV brings together two leading family owned construction companies, Surerus Pipeline Inc. of Fort St. John, B.C. and J. Murphy & Sons Ltd. of London, UK. As a fully integrated joint venture, the company has completed pipeline projects in some of Western Canada's most challenging terrain and takes pride in its motto of "Safe Work. Quality Work."
TransCanada Corporation will move forward with a proposed $140-million expansion of its NOVA Gas Transmission Ltd. (NGTL) System following the successful completion in March of an expansion capacity open season for incremental firm export delivery service at the Empress/McNeill Export Delivery Point.