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BRIEF-TransCanada says given passage of time since denial of presidential permit for Keystone XL, updating shipping contracts
February 16, 2017 / 12:50 PM / 5 months ago

BRIEF-TransCanada says given passage of time since denial of presidential permit for Keystone XL, updating shipping contracts

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Feb 16 (Reuters) - TransCanada Corp

* TransCanada reports fourth quarter and year-end 2016 financial results

* Q4 non-gaap earnings per share c$0.75

* Q4 loss per share c$0.43

* Q4 earnings per share view c$0.72 -- Thomson Reuters I/B/E/S

* Transcanada corp - 10.6% dividend increase

* Transcanada corp - declared a quarterly dividend of $0.625 per common share for quarter ending march 31, 2017

* Transcanada corp - expect to invest about $1.1 billion in napanee facility during construction and commercial operations are expected to begin in 2018

* Qtrly revenue $3.62 billion versus $2.85 billion

* Transcanada corp - in late 2017, expect $200 million Vaughan Loop project to be in service

* Q4 revenue view c$3.50 billion -- Thomson Reuters I/B/E/S

* Says expect Keystone XL project to retain sufficient commercial support for TransCanada to make a final investment decision

* TransCanada- given passage of time since nov 6, 2015 denial of presidential permit for Keystone XL , co is updating shipping contracts

* TransCanada Corp - recorded a non-cash charge of $92 million before tax ($68 million after tax) in Q4 2016 related to PPA emissions costs

* TransCanada says given passage of time since nov 6, 2015 denial of presidential permit for Keystone XL, some shippers may increase or decrease volume commitments Source text for Eikon: Further company coverage:

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