TransCanada Corporation is a major North American energy company, based in Calgary, Alberta in Canada, that develops and operates energy infrastructure in North America. Its pipeline network includes approximately 3,460 kilometres (2,150 miles) of oil pipeline, plus approximately 57,000 kilometres (35,418 miles) of wholly owned and 11,500 kilometres (7,146 miles) of partially owned gas pipeline that 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 653 billion cubic feet (1.85×1010 m3) of storage capacity. TransCanada also owns, or has interests in, approximately 11,800 megawatts of power generation.
TransCanada is the largest shareholder in, and owns the general partner of, TC PipeLines. The company was founded in 1951 in Calgary. In January 2014, 46% of TransCanada's value was owned by institutional shareholders.
Video TransCanada Corporation
Pipelines
Wholly owned pipelines:
- NGTL System (24,337 km)
- Canadian Mainline (14,101 km)
- Foothills System (1,241 km)
- ANR Pipeline (16,656 km)
- Gas Transmission Northwest System (2,178 km)
- North Baja Pipeline (138 km)
- Tamazunchale Pipeline (130 km)
Affiliated pipelines:
- Great Lakes Gas Transmission Company (3,404 km)
- Northern Border Pipeline (2,265 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)
Keystone Pipeline
TransCanada maintains that people have public access to the pipeline, thus supporting criteria for eminent domain. "It's open for anyone to do business on our pipeline, we welcome business to our pipe." said TransCanada Media Relations Michael Barnes.
Eminent Domain
In October 2011, TransCanada was involved in up to 56 separate eminent domain actions against landowners in Texas and South Dakota who refused to give permission to the company to build the Keystone Pipeline through their land. However, on August 23, 2012, Texas Judge Bill Harris ruled that TransCanada had the right of eminent domain and could lease or purchase land from owners who refused to sign an agreement with the company for a public right of way for the pipeline. The landowners had said that the pipeline was not open to other companies, and so did not meet the criteria for eminent domain.
Protests
On September 27, 2012, protesters began tree sitting in the path of the Keystone pipeline near Winnsboro, Texas. Eight people stood on tree platforms just ahead of where crews were cutting down trees to make way for the pipeline.
On October 4, 2012, actress and activist Daryl Hannah and 78-year-old Texas landowner Eleanor Fairchild were arrested for criminal trespassing and other charges after they were accused of standing in front of TransCanada pipeline construction equipment on Fairchild's farm in Winnsboro, a town about 100 miles east of Dallas. Ms. Fairchild had owned the land since 1983 and refused to sign any agreements with TransCanada. Her land was seized by eminent domain.
Spills
On April 2, 2016, a resident near Freeman, South Dakota observed a leak along the Keystone pipeline. The size and cause were not immediately known.
On November 16, 2017, over 210,000 gallons of oil leaked from the pipeline in Marshall County, South Dakota, for 15 minutes before the flow of oil could be stopped. TransCanada reported it discovered the leak in Amherst, South Dakota, at 6 a.m. on Thursday after systems detected a drop in pressure in the northern leg of the pipeline. The leak was discovered about 35 miles south of the Ludden pump station.
British Columbia gas export pipelines
- As of June 2013 these projects remain subject to regulatory approval and licensing.
In June 2012 it was announced that TransCanada was selected by Shell and partners Korea Gas Corporation, Mitsubishi Corporation and PetroChina Company Limited to design, build, own and operate the Coastal GasLink pipeline between northeastern B.C. oil fields near Dawson Creek, British Columbia and an LNG export facility on the Douglas Channel near Kitimat, British Columbia.
In January 2013 it was announced that TransCanada was selected by Petronas to design, build, own, and operate the Prince Rupert Gas Transmission project, a gas pipeline that would transport natural gas from the Montney region near Fort St. John, British Columbia to a LNG terminal planned by Progress Energy Canada Ltd. in Port Edward, British Columbia on Lelu Island near Prince Rupert, British Columbia.
TransCanada's existing NGTL system in northeastern B.C. will be expanded and integrated into the new export pipeline systems.
Pipelines in Alberta
In late 2017 TransCanada had the largest and most extensive natural gas network in Alberta. It made changes to the priority it gives to firm-service customers and spot shippers, with their access sometimes now unavailable, started running out of storage. Some had to shut down.
In October 2012, TransCanada formed a 50-50 CAD$3bn joint-venture with Phoenix Energy Holdings Ltd. (the Canadian subsidiary of PetroChina) to develop the 500 km Grand Rapids Pipeline.
Maps TransCanada Corporation
Power market
TransCanada also owns, or has interests in, approximately 11,800 megawatts of power generation.
Economic withholding
Economic withholding is defined as the practice of submitting blocks of electricity at high, non-competitive prices that effectively reduces or withholds the quantity of supply offered at competitive prices. Generators "offer their available electricity to the market for dispatch on the grid" but they raise the price so high the electricity is not dispatched. In this way economic withholding is "an exercise of market power" which intentionally raises prices above competitive levels.
In Alberta, Canada, through the practice of economic withholding a single electricity provider drove up prices on four occasions in May and June, of 2015 during a period of surplus power supply.
Power generators are required to offer their available electricity to the market for dispatch on the grid, but they can choose the price they want for it. If it is priced too high, it might not be dispatched.
A single market participant, TransCanadaEnergy Ltd successfully withheld "much of its available power output on four occasions in May and June 2015 despite there being a surplus supply of power. In response to concerns about the spike in the price of electricity TransCanada's Davis Sheremata claimed that the company "applies our view of prevailing market fundamentals when offering power into the wholesale market."
Proposed Oakville Generating Station
In June 2010, TransCanada was 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.
Citing the 2010 gas-fired power-plant explosion plant in Middletown, Connecticut, U.S., and the 2008 Toronto propane explosion, Oakville MPP Kevin Flynn introduced a private member's bill that would require a 1500-meter buffer zone for such a plant, a proposal intended to effectively prevent the construction of this project.
The proposed Oakville site was ultimately abandoned in response to political pressure; the station will instead be built on the Lennox Generating Station site west of Bath, Ontario.
Power plants
- Bear Creek Cogeneration Plant (80 MW, Alberta, Canada)
- Becancour Power Plant ( 0 MW, Quebec, Canada)
- Cancarb (Carbon black manufacturer, 27 MW, Alberta, Canada)
- Carseland Cogeneration Plant (80 MW, Alberta, Canada)
- Connecticut River Hydroelectricity Generating System (484 MW, US)
- Deerfield River Hydro Generating System (83 MW, US)
- Grandview Cogeneration Plant (90 MW, New Brunswick, Canada)
- Halton Hills Combined Cycle Generating Plant (683 MW, Ontario, Canada)
- Kibby Wind Power (132 MW, Maine, US)
- MacKay River Cogeneration Plant (165 MW, Alberta, Canada)
- Ocean State Power (560 MW, Rhode Island, US)
- Ravenswood generating station (2,480 MW, Long Island City, NY, US)
- Redwater Cogeneration Plant (40 MW, Alberta, Canada)
- Bruce Nuclear Generating Station (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)
Corporate governance
Members of the board of directors of TransCanada are S. Barry Jackson (Chair), Russ Girling (President and CEO), Kevin E. Benson, Derek Burney, John Richels, Paule Gauthier, Paula Rosput Reynolds, Mary Pat Salomone, W. Thomas Stephens, D. Michael G. Stewart and Richard E. Waugh.
Sponsorships
In 2014, Transcanada sponsored the Grand Final event held in Edmonton, Alberta, Canada for the 2014 ITU World Triathlon Series. In 2015 the company was a major sponsor for the 2015 World U-17 Hockey Challenge held in Dawson Creek and Fort St. John, British Columbia. Transcanada committed $25,000 in sponsorship funding to assist the Michigan Department of Natural Resources in the maintenance of the Iron Belle Trail. The company adopted a 2 kilometres (1 mile) long stretch of the trail in Kalkaska County, Michigan near an ANR Pipeline facility.
References
External links
- TransCanada Official Webpage
- TransCanada Careers
- Keystone XL Pipeline Official Website
Source of article : Wikipedia
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