''TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced net income attributable to common shares for fourth quarter 2014 of $458 million or $0.65 per share compared to $420 million or $0.59 per share for the same period in 2013,'' the statement said.
TransCanada's comparable earnings and funds in 2014 went up eight percent and seven percent, respectively, in comparison to 2013, according to the statement.
#TransCanada declares a common share dividend increase of eight per cent to $2.08 per share annually. http://t.co/JvAl4ErCu8
— TransCanada (@TransCanada) February 13, 2015
"Our strong performance reflects the diversity and stability of our complimentary businesses and $3.8 billion of new assets that were placed into service in 2014," TransCanada's President and Chief Executive Officer Russ Girling said as quoted in the statement.
TransCanada expects $12 billion of small-to-medium sized projects to take shape by the end of 2017 and their long-term returns from assets like the Canadian Mainline and ANR Pipeline have increased their common share dividend up eight percent, Girling added.
@fullofbalogna and if approved, people need to understand #TransCanada will fully exploit easement which means 30 to 50 years of leaks/abuse
— GoGoGroove (@GoGoGroove) February 13, 2015
According to TransCanada's CEO, in 2014 the company added $7 billion worth of new projects, mainly focused on the Canadian regulated natural gas pipeline business. The capital program now includes $46 billion of commercially secured projects, backed by long-term contracts or cost of service business models, the company's statement said, adding that TransCanada has many other growth initiatives planned for the future with many under construction or going through respective regulatory processes.
Hey Nebraska, upset that your #GOP is forcing you to give up your private lands to TransCanada to build #KeystoneXL? Turn to the Blue side
— Eclectic John (@azmoderate) February 14, 2015
The Calgary-based TransCanada Corporation is going to construct the Keystone XL pipeline to transport about 830,000 barrels of oil per day from the Alberta Tar Sands in Canada to US refineries on the US Gulf Coast and the Midwest.
Environmental groups oppose the Keystone XL pipeline, claiming that the US Environmental Protection Agency's (EPA) assessment of the project proves it has to be closed because of its impact on climate change.
Letter: Keystone will be safe, employ Americans: In building Keystone XL, TransCanada has pledged… http://t.co/uo3CrxfdRu #KeystoneXL
— Keystone XL (@keystonexl) February 3, 2015
Supporters of the bill point to the US State Department's environmental impact statement released in January, which claims that the project will have no significant impact on the environment.
As of late, both the US Senate and the House of Representatives have passed the Keystone Pipeline bill. US President Barack Obama has said he plans to veto the bill when it reaches his desk.
