DOCSLIB.ORG

Transcanada Pipelines Limited Amended Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Transcanada Pipelines Limited Amended Annual TRANSCANADA PIPELINES LIMITED AMENDED ANNUAL INFORMATION FORM February 14, 2011 TRANSCANADA PIPELINES LIMITED 1 TABLE OF CONTENTS PRESENTATION OF INFORMATION .................................................................................................................................................................. 2 FORWARD LOOKING INFORMATION............................................................................................................................................................... 2 TRANSCANADA PIPELINES LIMITED................................................................................................................................................................ 3 Corporate Structure......................................................................................................................................................................................3 Intercorporate Relationships..........................................................................................................................................................................4 GENERAL DEVELOPMENT OF THE BUSINESS ............................................................................................................................................... 5 Developments in the Natural Gas Pipelines Business ..................................................................................................................................5 Developments in the Oil Pipelines Business................................................................................................................................................7 Developments in the Energy Business .........................................................................................................................................................8 BUSINESS OF TCPL ............................................................................................................................................................................................... 10 Natural Gas Pipelines Business..................................................................................................................................................................10 Oil Pipelines Business................................................................................................................................................................................13 Regulation of the Natural Gas and Oil Pipelines Businesses .....................................................................................................................13 Energy Business.........................................................................................................................................................................................14 GENERAL................................................................................................................................................................................................................. 16 Employees..................................................................................................................................................................................................16 Social and Environmental Policies.............................................................................................................................................................16 Environmental Protection ..........................................................................................................................................................................17 RISK FACTORS....................................................................................................................................................................................................... 18 Environmental Risk Factors.......................................................................................................................................................................18 Other Risk Factors .....................................................................................................................................................................................20 DIVIDENDS .............................................................................................................................................................................................................. 20 DESCRIPTION OF CAPITAL STRUCTURE ...................................................................................................................................................... 20 Share Capital..............................................................................................................................................................................................20 Debt ...........................................................................................................................................................................................................21 CREDIT RATINGS.................................................................................................................................................................................................. 21 DBRS Limited (DBRS) .............................................................................................................................................................................22 Moody's Investors Service, Inc. (Moody's)................................................................................................................................................22 Standard & Poor's (S&P) ...........................................................................................................................................................................22 MARKET FOR SECURITIES ................................................................................................................................................................................ 23 Common Shares.........................................................................................................................................................................................23 Series 1 Preferred Shares ...........................................................................................................................................................................23 Series 3 Preferred Shares ...........................................................................................................................................................................24 Series 5 Preferred Shares ...........................................................................................................................................................................24 Series U Preferred Shares and Series Y Preferred Shares ..........................................................................................................................24 DIRECTORS AND OFFICERS .............................................................................................................................................................................. 24 Directors ....................................................................................................................................................................................................25 Board Committees .....................................................................................................................................................................................26 Officers ......................................................................................................................................................................................................27 Conflicts of Interest....................................................................................................................................................................................28 CORPORATE GOVERNANCE.............................................................................................................................................................................. 28 AUDIT COMMITTEE ............................................................................................................................................................................................. 28 Relevant Education and Experience of Members.......................................................................................................................................28 Pre-Approval Policies and Procedures.......................................................................................................................................................29 External Auditor Service Fees ...................................................................................................................................................................29 INDEBTEDNESS OF DIRECTORS AND EXECUTIVE OFFICERS ................................................................................................................ 30 SECURITIES OWNED BY DIRECTORS ............................................................................................................................................................. 30 COMPENSATION OF DIRECTORS....................................................................................................................................................................
Load more

Recommended publications
  • Transcanada Pipelines Limited Annual Information Form
    TRANSCANADA PIPELINES LIMITED ANNUAL INFORMATION FORM February 23, 2009 TRANSCANADA PIPELINES LIMITED i TABLE OF CONTENTS Page PRESENTATION OF INFORMATION..................................................................................................................................................ii FORWARD-LOOKING INFORMATION..............................................................................................................................................ii TRANSCANADA PIPELINES LIMITED............................................................................................................................................... 1 Corporate Structure ............................................................................................................................................................................ 1 Intercorporate Relationships............................................................................................................................................................... 1 GENERAL DEVELOPMENT OF THE BUSINESS .............................................................................................................................. 2 Developments in the Pipelines Business............................................................................................................................................. 2 Developments in the Energy Business...............................................................................................................................................
    [Show full text]
  • Border Crossings of Natural Gas Pipelines, North America Cruces Fronterizos De Ductos De Gas Natural, América Del Norte
    140°E 150°E 160°E 170°E 180° 170°W 160°W 150°W 140°W 130°W 120°W 110°W 100°W 90°W 80°W 70°W 60°W 50°W 40°W 30°W 20°W 10°W Border Crossings of Natural Gas Pipelines, North America Cruces Fronterizos de Ductos de Gas Natural, América del Norte E l l e s m e r e I s l a n d 70°N Passages Transfrontaliers de Pipelines de Gaz Naturel, Amérique du Nord Í l e d u E l l e s m e r e 70°N 60°N A l a s k a 60°N N o r t h w e s t Te r r i t o r i e s Yu k o n Te r r i t o i r e s d u N o r d - O u e s t N u n a v u t 50°N 26 N e w f o u n d l a n d a n d L a b r a d o r 50°N 25 Te r r e - N e u v e e t - L a b r a d o r A l b e r t a 23 B r i t i s h C o l u m b i a S a s k a t c h e w a n P a c i f i c C o l o m b i e - B r i t a n n i q u e Ve r m o n t M a n i t o b a 24 40°N O c e a n 22 N e w O n t a r i o Q u é b e c P r i n c e E d w a r d I s l a n d H aÎ ml e - d up P r isn c eh- É dio ura red 1 N e w 2 3 B r u n s w i c k 4 6 8 9 N o u v e a u 11 B r u n s w i c k O c é a n o 27 W a s h i n g t o n 7 P a c í f i c o 5 10 26 M a i n e 12 13 25 N o v a S c o t i a M o n t a n a N o u v e l l e - É c o s s e N o r t h D a k o t a 23 M i n n e s o t a Ve r m o n t 40°N N e w 24 H a m p s h i r e 22 M i c h i g a n 20 N e w M a s s a c h u s e t t s O r e g o n I d a h o W i s c o n s i n S o u t h D a k o t a 19 Yo r k A t l a n t i c 18 C o n n e c t i c u t 14 16 21 30°N O c é a n W y o m i n g R h o d e I s l a n d O c e a n 15 17 P e n n s y l v a n i a P a c i f i q u e N e b r a s k a I o w a N e w J e r s e y O h i o I n d i a n a M
    [Show full text]
  • View Annual Report
    2008 annual report Delivering stable, sustainable cash distributions Positioned for growth financial highlights Year ended December 31 2004 2005 2006 2007 2008 (millions of dollars, except per unit amounts) Income Statement Net income 55.1 50.2 44.7 89.0 107.7 Cash Flow Partnership cash flows* 66.9 66.2 70.3 132.4 156.2 Cash distributions paid 41.8 43.0 43.5 86.7 108.6 Balance Sheet Total assets 332.1 315.7 777.8 1,492.6 1,448.5 Long-term debt (including current maturities) 36.5 13.5 468.1 573.4 536.8 Partners’ equity 294.9 301.6 303.9 900.1 875.6 Common Units Statistics (per unit) Net income $ 2.99 $ 2.70 $ 2.39 $ 2.51 $ 2.75 Cash distributions paid $ 2.250 $ 2.300 $ 2.325 $ 2.565 $ 2.775 Common Units Outstanding** 17.5 17.5 17.5 34.9 34.9 Net Income Cash Distributions Partnership Total Assets (dollars per unit) Paid Cash Flows* (millions of dollars) (dollars per unit) (millions of dollars) 2.99 156.2 1492.6 1448.5 2.70 2.75 2.775 2.51 2.565 132.4 2.39 2.250 2.300 2.325 777.8 66.9 66.2 70.3 332.1 315.7 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 *Partnership cash flows is a non-GAAP financial measure which is the sum of net income, cash distributions received from Great Lakes and Northern Border, and cash flows provided by Tuscarora’s operating activities less equity income from investments in Great Lakes and Northern Border and Tuscarora’s net income.
    [Show full text]
  • Canadian Energy Research Institute
    Canadian Energy Research Institute Capacity of the Western Canada Natural Gas Pipeline System SUMMARY REPORT – VOLUME 2 Peter H. Howard P.Eng David McColl Dinara Millington Paul R. Kralovic Study No. 113 – Summary Report Volume 2 ISBN No. 1-896091-81-4 Purchased by the State of Alaska January 2008 Relevant • Independent • Objective CAPACITY OF THE WESTERN CANADA NATURAL GAS PIPELINE SYSTEM SUMMARY REPORT VOLUME 2 ii Capacity of the Western Canada Natural Gas Pipeline System Copyright © Canadian Energy Research Institute, 2008 Sections of this study may be reproduced in magazine and newspapers with acknowledgement to the Canadian Energy Research Institute ISBN 1-896091-81-4 Authors: Peter Howard David McColl Dinara Millington Paul R. Kralovic CANADIAN ENERGY RESEARCH INSTITUTE #150, 3512 – 33 STREET NW CALGARY, ALBERTA CANADA T2L A6 TELEPHONE: (403) 282-1231 January 2008 Printed in Canada January 2008 Canadian Energy Research Institute iii The Canadian Energy Research Institute (CERI) is a cooperative research organization established by government and industry parties in 1975. Our mission is to produce relevant, independent, objective economic research and education in energy and environmental issues to benefit business, government, and the public. The sponsors of the Institute are Natural Resources Canada; the Alberta Department of Energy; the Private Sector Sponsors of the Canadian Energy Research Institute (composed of more than one hundred corporate members from the energy production, transportation, marketing, distribution, and consuming sectors in Canada and abroad and the financial community); the University of Calgary; the Alberta Energy and Utilities Board; the British Columbia Ministry of Energy and Mines; the Northwest Territories Department of Resources, Wildlife and Economic Development; Indian and Northern Affairs Canada; Alberta Research Council; and the Alberta Utilities Consumer Advocate.
    [Show full text]
  • Canadian Energy Research Institute
    Canadian Energy Research Institute Capacity of the Western Canada Natural Gas Pipeline System SUMMARY REPORT Peter H. Howard P.Eng Senior Research Director David McColl Economist Dinara Mutysheva Economist Paul R. Kralovic Economist Study No. 113 – Summary Report ISBN 1-896091-67-9 Purchased by the State of Alaska November 2006 Relevant • Independent • Objective CAPACITY OF THE WESTERN CANADA NATURAL GAS PIPELINE SYSTEM SUMMARY REPORT ii Capacity of the Western Canada Natural Gas Pipeline System Copyright © Canadian Energy Research Institute, 2006 Sections of this study may be reproduced in magazine and newspapers with acknowledgement to the Canadian Energy Research Institute ISBN 1-896091-67-9 Authors: Peter Howard David McColl Dinara Mutysheva Paul Kralovic CANADIAN ENERGY RESEARCH INSTITUTE #150, 3512 – 33 STREET NW CALGARY, ALBERTA CANADA T2L A6 TELEPHONE: (403) 282-1231 November 2006 Printed in Canada Canadian Energy Research Institute iii The Canadian Energy Research Institute (CERI) is a cooperative research organization established by government and industry parties in 1975. Our mission is to produce relevant, independent, objective economic research and education in energy and environmental issues to benefit business, government, and the public. The sponsors of the Institute are Natural Resources Canada; the Alberta Department of Energy; the Private Sector Sponsors of the Canadian Energy Research Institute (composed of more than one hundred corporate members from the energy production, transportation, marketing, distribution, and consuming sectors in Canada and abroad and the financial community); the University of Calgary; the Alberta Energy and Utilities Board; the British Columbia Ministry of Energy and Mines; the Northwest Territories Department of Resources, Wildlife and Economic Development; Indian and Northern Affairs Canada; Alberta Research Council; and the Alberta Utilities Consumer Advocate.
    [Show full text]
  • Transporting Natural Gas
    About U.S. Natural Gas Pipelines – Transporting Natural Gas The U.S. natural gas pipeline network is a highly U.S. Natural Gas Pipeline Network integrated transmission and distribution grid that can transport natural gas to and from nearly any location in the lower 48 States. The natural gas pipeline grid comprises: • More than 210 natural gas pipeline systems. • 300,000 miles of interstate and intrastate transmission pipelines (see mileage table). • More than 1,400 compressor stations that maintain pressure on the natural gas pipeline network and assure continuous forward movement of supplies (see map). • More than 11,000 delivery points, 5,000 click to enlarge receipt points, and 1,400 interconnection See Appendix A: Combined ‘Natural Gas points that provide for the transfer of natural Transportation’ maps gas throughout the United States. • 29 hubs or market centers that provide See Appendix B: Tables additional interconnections (see map). • 394 underground natural gas storage facilities (see map). Geographic Coverage of Pipeline Companies • 55 locations where natural gas can be United States - links to companies listed A-Z with U.S. map imported/exported via pipelines (see map). showing regional breakout detail • 5 LNG (liquefied natural gas) import facilities and 100 LNG peaking facilities. Northeast - CT, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VA, VT, WV Learn more about the natural gas Midwest - IL, IN, MI, MN, OH, WI Southeast - AL, FL, GA, KY, MS, NC, SC, TN pipeline network: Southwest - AR, LA, NM, OK, TX Central - CO, IA, KS,
    [Show full text]
  • View Annual Report
    TransCanada Corporation 2007 Annual Report for growth andvaluecreation for growth capturing opportunities our focus Operating one of the most sophisticated pipeline systems in the world, TransCanada moves 15 billion cubic feet of natural gas per day (20 per cent of North American production), delivering to markets throughout Canada and the U.S. With the acquisition of ANR in early 2007, TransCanada’s network of wholly owned pipelines now extends more than 59,000-kilometres (36,500 miles) and taps into virtually all major gas supply basins in North America. TransCanada is also one of the continent’s largest providers of gas storage and related services with approximately 355 billion cubic feet of storage capacity. We’re focused on optimizing our pipeline network by connecting new supply, providing better access to markets and introducing competitive and innovative approaches to meeting customer needs. More recently, TransCanada has made a significant entry into the oil pipeline business and created another platform for future growth. Our Keystone Oil Pipeline project is a cost-competitive way to link growing Canadian oil sands supply to refineries in the U.S. Midwest. This is a logical fit with our existing business competencies and an innovative way to maximize the use and value of our current pipeline assets. TransCanada’s Energy business concentrates on power generation and marketing, and gas storage. A growing independent power producer, TransCanada owns, or has interests in, approximately 7,700 megawatts of power generation in Canada and the United States. Our diversified power portfolio includes nuclear, natural gas, coal, hydro and wind generation.
    [Show full text]
  • Keystone Pipeline GP Ltd
    TransCanada Keystone Pipeline GP Ltd. Keystone XL Pipeline Section 52 Application Section 4: Financing Page 1 of 3 1 4.0 FINANCING 2 This section demonstrates that TransCanada Keystone Pipeline GP Ltd. (“Keystone”) 3 will be able to fully finance its share of the capital expenditures required to construct 4 and place the Keystone XL Pipeline project (“Keystone XL Pipeline” or the “Project” 5 for the Canadian portion) in service. 6 4.1 Financing Methods and Sources 7 Keystone is owned, indirectly, by TransCanada Corporation (“TransCanada”) and 8 ConocoPhillips. Keystone is the general partner acting on behalf of the TransCanada 9 Keystone Pipeline Limited Partnership (the “Partnership”). The Partnership is also 10 owned by subsidiaries of TransCanada and ConocoPhillips. 11 12 Keystone will obtain the funds required for the construction of the Project from its 13 partners, their affiliates, and their ultimate parents. 14 On October 28, 2008, TransCanada announced that it had agreed to increase its equity 15 ownership in Keystone to 79.99% from 50%. ConocoPhillips’ equity ownership will 16 be reduced to 20.01%. 17 4.2 Ability to Finance 18 4.2.1 TransCanada 19 TransCanada currently generates approximately $2.8 billion of cash from its 20 operations each year and is rated at the “A” level by major Canadian and U.S. credit 21 rating agencies. Accordingly, TransCanada does not expect the financing of the 22 Keystone XL Pipeline project to have any impact on its financial risk or on wholly 23 owned regulated operations. TransCanada Keystone
    [Show full text]
  • RH-1-2008 Response to CAPP Item 1 March 28, 2008 Page 1 of 6 CAPP
    RH-1-2008 Response to CAPP Item 1 March 28, 2008 Page 1 of 6 CAPP 1 Reference: TQM Application. Preamble: The application does not include summary cost of service tables nor detailed return, rate base or other cost of service information. Request: (a) Please provide summary tables for each year 2006, 2007, and 2008 showing the line-by-line breakdown of the cost of service. Please also provide summary tables with the cost of service for 2007 and 2008 at the current formula ROE and 30% equity. (b) Please provide tables for each year 2006, 2007 and 2008 showing the detail of the return calculations, both debt and equity. Please also provide for each of 2007 and 2008 the return at the current formula ROE and 30% equity. (c) Please provide tables for each year 2006, 2007 and 2008 showing the detail of the rate base calculations including gas plant in service, depreciation, and rate base. (d) Please provide for each year 1995 to 2007 the average rate base. Please provide the equivalent data for the TCPL Mainline. (e) Please project the TQM rate base to 2020 at the current depreciation rate both with and without expansions to accommodate the proposed LNG terminals at Gros Cacouna and Rabasca. (f) What is the current composite depreciation rate and what are the pipe and compression depreciation rates for TQM? What were the composite, pipe, and compression rates in 1994? If they have changed since 1994, what were the changes? For the depreciation rates in use from 1994 to the present time, what were or are the economic lives or life assumed for depreciation purposes and, if they have changed, please explain.
    [Show full text]
  • Natural Gas Pipelines Natural Gas Power Generation
    2010 Annual Report our vision Realizing TransCanada will be the leading energy infrastructure company in North America. Realizing our Vision In order to be successful, a company must have a vision. TransCanada’s remains committed to becoming North America’s leading energy infrastructure company. We focus on businesses that we know and understand - pipelines and power generation - in regions where we have an existing competitive advantage or can develop one. Large scale, long life assets are the priority - assets that provide attractive and sustainable returns over a number of decades. Over the past 10 years, TransCanada has made significant investments in high quality energy infrastructure assets, investments that have allowed the company to move forward in achieving its vision. Today, we play a significant role in the safe development and reliable operation of critical North American energy infrastructure. We are the largest natural gas transmission company in North America, the third largest natural gas storage company on the continent and the largest private sector power company in Canada. And TransCanada is poised to become a very significant player in the oil transmission business. 16 17 1 2 1 21 3 13 14 22 15 8 4 5 17 5 2 11 9 8 3 18 10 12 19 6 6 9 16 7 19 13 10 20 18 11 4 18 18 4 7 12 19 Natural Gas Pipeline Natural Gas Pipeline (Under Construction) Natural Gas Pipeline (In Development) Natural Gas Pipeline (Proposed) Oil Pipeline Oil Pipeline (In Development) Power Generation Facility 14 Natural Gas Storage Facility 15 Pipelines Energy
    [Show full text]
  • May 14, 2019 Filed Electronically National Energy Board Suite 210, 517 Tenth Avenue SW Calgary, AB T2R 0A8
    450 – 1 Street SW Calgary, Alberta T2P 5H1 Tel: (403) 920-2603 Fax: (403) 920-2347 Email: [email protected] May 14, 2019 Filed Electronically National Energy Board Suite 210, 517 Tenth Avenue SW Calgary, AB T2R 0A8 Attention: Ms. Sheri Young, Secretary of the Board Dear Ms. Young: Re: Great Lakes Pipeline Canada Ltd. (GLC) Financial Resources Plan File: OF-Gen-06 FRR On February 15, 2019,1 the National Energy Board (NEB or Board) directed all gas and non-major oil companies regulated under the National Energy Board Act (the NEB Act) to file an assessment of their Absolute Liability Limits by March 8, 2019,2 and for all gas companies to file a Financial Resources Plan by May 14, 2019, in accordance with the Pipeline Financial Requirements Regulations (Regulations) and the Pipeline Financial Requirements Guidelines issued on March 29, 2019.3 In response to the Board’s direction, GLC encloses its Financial Resources Plan. The attached information confirms that GLC has access to financial resources in excess of the minimum requirements under the Regulations. If the Board requires additional information regarding this filing, please contact me by phone at 403-920-2603 or by email at [email protected]. Yours truly, Great Lakes Pipeline Canada Ltd. Original signed by Bernard Pelletier Director, Regulatory Tolls and Tariffs Canadian Natural Gas Pipelines Enclosure 1 Board Letter to all Pipeline Companies regulated under the NEB Act and all Interested Persons: Draft Pipeline Financial Requirements Guidelines, and Implementation of Financial Resource Requirements, dated February 15, 2019. 2 GLC filed its assessment of its Absolute Liability Limits on March 8, 2019.
    [Show full text]
  • View Annual Report
    annual report 2009 stability delivered positioned for growth financial highlights Year ended December 31 2005 2006 2007 2008 2009 (millions of dollars, except per unit amounts) Cash Flow Partnership cash flows* 63.5 67.4 123.2 143.5 150.2 Cash distributions paid 43.0 43.5 86.7 108.6 117.0 Income Statement Net income** 52.8 49.1 94.7 123.0 106.1 Net income prior to recast* 50.2 44.7 89.0 107.7 97.8 Balance Sheet Total assets** 547.1 1,008.1 1,732.4 1,701.1 1,675.1 Long-term debt (including current maturities) 13.5 468.1 573.4 536.8 541.3 Partners’ equity 301.6 303.9 900.1 875.6 1,103.5 Common Units Statistics (per unit) Cash distributions paid $ 2.300 $ 2.325 $ 2.565 $ 2.775 $ 2.870 Net income $ 2.70 $ 2.39 $ 2.48 $ 2.73 $ 2.34 Common Units Outstanding (millions) Weighted average for the year 17.5 17.5 32.3 34.9 38.7 End of year 17.5 17.5 34.9 34.9 46.2 Partnership Cash Distributions Net Income Total Assets Cash Flows* (millions of dollars) Paid (dollars per unit) (dollars per unit) (millions of dollars) 150.2 1732.4 2.870 1701.1 143.5 1675.1 2.775 2.70 2.73 123.2 2.565 2.48 2.300 2.325 2.39 2.34 1008.1 63.5 67.4 547.1 20052006 2007 2008 2009 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 *Partnership cash flows and net income prior to recast are non-GAAP measures.
    [Show full text]