TransCanada Reports Modestly Higher Earnings in 2009 as it Positions Oil and Gas Pipeline Projects for Future Gains

摘要

On 2/23/10 TransCanada Corp. announced net income for the fourth quarter 2009 of $381 million (Cdn) and for the year ended 12/31/09 a net income applicable to common shares of $1.4 billion (Cdn). Comparable earnings for the year ended 12/31/09 of $1.325 billion increased $46 million compared to $1.279 billion for 2008. The increase in comparable earnings was primarily due to higher earnings from the Alberta System, the start up of Portlands Energy Centre and Carleton Wind Farm and higher realized power prices at Bruce Power. Partially offsetting these increases were lower realized power prices on lower sales volumes in the Alberta and New England power markets. Partially offsetting certain revenue increases, TransCanada reported lower realized power prices in Western Power and U.S. Power and new business development costs associated with the Alaska pipeline project.