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TransCanada – A Company Near You

TransCanada is a major North American energy-transportation and energy-generation company. Headquartered in Calgary Alberta, it has an American subsidiary in Houston, Texas, and a subsidiary in Santiago de Querétaro, Mexico.

Figure 1

TransCanada is the continent’s fourth-largest pipeline operator, after Kinder Morgan, Energy Transfer and DCP Midstream. Founded to develop the TransCanada pipeline to transport gas from Alberta to Quebec, (now known as the Canadian mainline) by a special act of the Canadian Parliament in 1951, the company completed what was then, in 1958, the world’s longest gas pipeline and which to this day remains Canada’s longest gas pipeline.

Over the decades this Canadian company has evolved into an international company and diversified into construction and operation of oil and gas pipelines, power generation, oil and gas exploration, and marketing of natural gas to Canadian and U.S. customers.

With total assets of $93 billion and a near-term capital investment program of about $28 billion, TransCanada is the country’s second-largest company after Enbridge and enjoys good growth prospects as forecast demand for gas rises by 29 Bcf/d, driven by LNG exports, gas-fired power-generation and industrial demand.

Operational Facts

The company comprises three core businesses: natural gas pipelines, a network of liquids pipelines and power-generation in Canada and the United States.

Figure 2: The market for gas in North America (source: TransCanada)

Gas Pipeline Network

Currently, TransCanada owns and operates one of North America’s largest natural gas pipeline networks at nearly 57,000 miles (92,000 km), which is divided into three regionial operations: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines.

The U.S. network taps into nearly every major gas production basin, including Bakken, Marcellus and the Powder River Basin, and serves major markets in California, Eastern Canada and New York. Astonishingly, TransCanada transports at least a quarter of North America’s daily gas requirements (Figure 1).

In addition, TransCanada is one of North America’s largest natural gas storage operators storing up to 653 Bcf in depleted underground gas reservoirs in Alberta, Ohio and West Virginia.

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