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February 11, 2014
09:11 EDTTRPActivists saying Keystone Pipeline report was biased, Politico reports
Environmental activists are alleging that the contractor behind a key pro-Keystone pipeline report has a conflict of interest, according to Politico. The contractor that was behind the State Department report is too closely aligned with the oil industry, the website quoted the activists as saying. TransCanada is seeking permission to build the northern leg of its Keystone Pipeline. Reference Link
News For TRP From The Last 14 Days
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October 8, 2015
06:51 EDTTRPTransCanada agrees to acquire Ironwood power plant from Talen Energy
TransCanada Corporation (TRP) announced that it has reached an agreement to acquire the Ironwood natural gas fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 MW, from Talen Energy (TLN) for $654M. At closing, $42M in debt will be assumed and then repaid within 45 days of closing out of funds placed into escrow by the seller. The acquisition is expected to be immediately accretive to earnings and cash flow and generate approximately $90M-$110M in earnings before interest, taxes, depreciation and amortization annually through a combination of capacity payments and energy sales.
06:44 EDTTRPTalen Energy agrees to sell three PA power plants for $1.51B
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October 7, 2015
08:40 EDTTRPTransCanada announces binding open season for Cushing Marketlink
TransCanada launched an Open Season to obtain binding commitments from interested parties for transportation of crude oil on Cushing Marketlink from Cushing, Oklahoma to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the Open Season that will close on November 6 at Noon MST. The anticipated commencement date for crude oil transportation service is early Q1 of 2016.
September 30, 2015
09:02 EDTTRPTransCanada to apply to Nebraska PSC to approve Keystone XL
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06:20 EDTTRPTransCanada to end legal fight with Nebraska landowners, Globe and Mail says
TransCanada is altering its strategy to get the Keystone XL pipeline built through Nebraska by ending a legal skirmish with landowners opposed to the project and instead going to the state's Public Service Commission for approval, the Globe and Mail reports. The company has been trying to achieve U.S. approvals for the $8B pipeline for the past seven years and has said that the new strategy is about avoiding an arduous legal process in Nebraska, the report says. Opponents of the project believe that TransCanada's shift in strategy is a sign that the company needs to reduce legal costs, the report says. Reference Link

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