Company Profile For TransCanada Corporation

TransCanada Corporation (TRP.TO) (Toronto Stock Exchange)

sector: Energy · industry: Oil Related Services & Equipment ·

As of 9:13pm IST

33.93CAD

Price Change

+0.23

Percent Change

+0.68%

Analyst Recommendations

Overview

TransCanada Corporation (TransCanada) is an energy infrastructure company focused on pipelines and energy. During the year ended December 31, 2008, its pipelines business accounted for approximately 54% of revenues and energy accounted for approximately 46% of revenues. In August 2008, TransCanada announced that through its subsidiaries, it had acquired KeySpan-Ravenswood, LLC and KeySpan Ravenswood Services Corp., the companies which together own, control and operate the 2,480-megawatt Ravenswood Generating Station located in Queens, New York. In September 2008, TransCanada acquired Bison Pipeline LLC from Northern Border Pipeline Company. In July 2009, TC PipeLines, LP acquired North Baja Pipeline, LLC from TransCanada.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, TransCanada Corporation's revenues increased 8% to C$6.76B. Net income applicable to Common decreased 15% to C$993M. Revenues reflect an increase in the demand of Energy segment & Pipelines segment. Net income was offset by an increase in depreciation & amortization expense, higher interest expenses, a decrease in other income and an increase in depreciation & amortization.