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TransCanada Corporation
TRP (TransCanada) today released the following statement in
acknowledgement of significant trading activity in TransCanada's common
shares.
Statement:
"TransCanada firmly believes its current corporate form, asset base and
financial strength provide critical underpinning to execute the company's
industry-leading $38 billion capital program which is expected to generate
significant, sustainable growth in future cash flow, earnings and dividends.
As previously communicated, as an element of funding this growth, the company
is committed to vending the remainder of its U.S. natural gas pipeline assets
into its master limited partnership, TC PipeLines, LP
TCP over the
coming years. These assets are expected to generate approximately US$500
million in earnings before interest, tax, depreciation and amortization in 2016
and beyond.
With its commercially secured $38 billion capital program and on-going growth
in its three core businesses, the company is well positioned to create
significant shareholder value. Since 2000, TransCanada has delivered a 16 per
cent annualized return to its shareholders including an average increase in
dividends of 7 per cent per annum.
TransCanada understands the value placed on sustainable growth in cash flow,
earnings and dividends, and is wholly-committed to the ongoing enhancement of
shareholder value including continuous evaluation of the company's
approach to capital allocation."
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North American energy
infrastructure including natural gas and liquids pipelines, power generation
and gas storage facilities. TransCanada operates a network of natural gas
pipelines that extends more than 68,500 kilometres (42,500 miles), tapping into
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
more than 400 billion cubic feet of storage capacity. A growing independent
power producer, TransCanada owns or has interests in over 11,800 megawatts of
power generation in Canada and the United States. TransCanada is developing one
of North America's largest liquids delivery systems. TransCanada's
common shares trade on the Toronto and New York stock exchanges under the
symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with
us on social media and 3BL Media.
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