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december 2014 learn how and when to remove this template message learn how and when to remove this template message transcanada corporation type public traded as tsx trp nyse trp s & p tsx 60 component industry oil and gas electricity founded 1951 headquarters transcanada tower calgary alberta canada area served canada mexico united states key people russ girling president and ceo products natural gas electric power services pipeline transport natural gas storage revenue c 10.185 billion 2014 1 net income c 1.743 billion 2014 1 total assets c 58.9 billion 2014 2 number of employees 6 059 1 website transcanada.com transcanada corporation is a major north american energy company based in calgary alberta canada developing and operating energy infrastructure in north america . its pipeline network includes approximately 3 460 kilometres 2 150 miles of oil pipeline plus approximately 57 000 kilometres 35 418 miles of wholly owned and 11 500 kilometres 7 146 miles of partially owned gas pipeline that connects with 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 approximately 407 billion cubic feet 1.15 1010 m3 of storage capacity . citation needed transcanada also owns or has interests in approximately 11 800 megawatts of power generation . 3 transcanada tower company head office in calgary transcanada is the largest shareholder in and owns the general partner of tc pipelines lp . the company was founded in 1951 in calgary . 4 in january 2014 46 % of the ownership of transcanada was by institutional shareholders . 5 contents 1 pipelines 1.1 keystone pipeline 1.2 british columbia gas export pipelines 1.3 pipelines in alberta 2 power market 2.1 economic withholding 3 power plants 4 corporate governance 5 sponsorships 6 references 7 external links pipelines edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . november 2015 learn how and when to remove this template message wholly owned pipelines ngtl system 24 337 km canadian mainline 14 101 km foothills system 1 241 km anr pipeline 16 656 km gas transmission northwest system 2 178 km north baja pipeline 138 km tamazunchale pipeline 130 km affiliated pipelines great lakes gas transmission company 3 404 km northern border pipeline 2 265 km portland natural gas transmission system 474 km tc pipelines lp keystone pipeline trans quebec and maritimes pipeline 572 km tuscarora gas pipeline 491 km keystone pipeline edit transcanada maintains that people have public access to the pipeline thus supporting criteria for eminent domain . it s open for anyone to do business on our pipeline we welcome business to our pipe . said transcanada media relations michael barnes . 6 at one point in october 2011 transcanada was involved in up to 56 separate eminent domain actions against landowners in texas and south dakota who have refused to give permission to the company to build the keystone pipeline on their land . 7 however on august 23 2012 texas judge bill harris ruled that transcanada has the legal right of eminent domain and may lease or purchase land from owners who refused to sign an agreement with the company for the public right of way of a pipeline . the landowners had claimed that because the pipeline was not open to other companies it did not meet the criteria for eminent domain . 8 on september 27 2012 protesters began tree sitting in the path of the keystone pipeline near winnsboro texas . eight people stood on tree platforms just ahead of where crews were cutting down trees to make way for the pipeline . 9 on october 4 2012 actress and activist daryl hannah and 78 year old texas landowner eleanor fairchild were arrested for criminal trespassing and other charges after they were accused of standing in front of transcanada pipeline construction equipment on fairchild s farm in winnsboro a town about 100 miles east of dallas . 10 ms. fairchild has owned the land since 1983 and refused to sign any agreements with transcanada . her land was seized by eminent domain . on april 2 2016 a resident near freeman south dakota observed a leak along the keystone pipeline . the size and cause were not immediately known . 11 british columbia gas export pipelines edit as of june 2013 these projects remain subject to regulatory approval and licensing . 12 13 in june 2012 it was announced that transcanada was selected by shell and partners korea gas corporation mitsubishi corporation and petrochina company limited to design build own and operate 13 the coastal gaslink pipeline between northeastern b.c. oil fields near dawson creek british columbia and an lng facility export facility on the douglas channel near kitimat british columbia . 14 15 16 17 in january 2013 it was announced that transcanada was selected by petronas to design build own and operate 12 the prince rupert gas transmission project a gas pipeline that would transport natural gas from the montney region near fort st. john british columbia to a lng terminal planned by progress energy canada ltd. in port edward british columbia on lelu island near prince rupert british columbia . 18 transcanada s existing ngtl system in northeastern b.c. will be expanded and integrated into the new export pipeline systems . 12 14 pipelines in alberta edit in october 2012 transcanada formed a 50 50 cad 3bn joint venture with phoenix energy holdings ltd. the canadian subsidiary of petrochina to develop the 500 km grand rapids pipeline . 19 power market edit transcanada also owns or has interests in approximately 11 800 megawatts of power generation . 3 economic withholding edit economic withholding is defined as the practice of submitting blocks of electricity at high non competitive prices that effectively reduces or withholds the quantity of supply offered at competitive prices . generators offer their available electricity to the market for dispatch on the grid but they raise the price so high the electricity is not dispatched . 20 in this way economic withholding is an exercise of market power which intentionally raise prices above competitive levels . 21 5 in alberta canada through the practice of economic withholding a single electricity provider drove up prices on four occasions in may and june of 2015 during a period of surplus power supply . 20 power generators are required to offer their available electricity to the market for dispatch on the grid but they can choose the price they want for it . if it is priced too high it might not be dispatched . darcy henton calgary herald 5 september 2015 a single market participant transcanadaenergy ltd successfully withheld much of its available power output on four occasions in may and june 2015 despite there being a surplus supply of power . in response to concerns about the spike in the price of electricity transcanada s davis sheremata claimed that the company applies our view of prevailing market fundamentals when offering power into the wholesale market . 20 power plants edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . november 2015 learn how and when to remove this template message bear creek cogeneration plant 80 mw alberta canada becancour power plant 22 0 mw quebec canada cancarb carbon black manufacturer 27 mw alberta canada carseland cogeneration plant 80 mw alberta canada connecticut river hydroelectricity generating system 484 mw usa deerfield river hydro generating system 83 mw usa grandview cogeneration plant 90 mw new brunswick canada halton hills combined cycle generating plant 683 mw ontario canada kibby wind power 132 mw maine usa mackay river cogeneration plant 165 mw alberta canada ocean state power 560 mw rhode island usa ravenswood generating station 2 480 mw long island city ny usa redwater cogeneration plant 40 mw alberta canada bruce nuclear generating station 6 300 mw ontario canada cartier wind energy quebec canada portlands energy centre 550 mw ontario canada sundance a and b power purchase agreements alberta canada sheerness power purchase agreement alberta canada corporate governance edit members of the board of directors of transcanada are s. barry jackson chair russ girling president and ceo kevin e. benson derek burney john richels paule gauthier paula rosput reynolds mary pat salomone w. thomas stephens d. michael g. stewart and richard e. waugh . 23 sponsorships edit in 2014 transcanada sponsored the grand final event held in edmonton canada for the 2014 itu world triathlon series . 24 in 2015 the company was a major sponsor for the 2015 world u 17 hockey challenge held in dawson creek and fort st. john british columbia . 25 transcanada committed 25 000 in sponsorship funding to assist the michigan department of natural resources in the maintenance of the iron belle trail . the company adopted a 2 kilometres 1 mile long stretch of the trail in kalkaska county michigan near an anr pipeline facility . 26 references edit a b c 1 2 a b transcanada power marketing about us kilbourn william 1970 . pipeline transcanada and the great debate . p. 29 . nasdaq transcanada corporation institutional ownership http www.kxii.com home headlines lamar county landowner appeals transcanada pipeline 217699311.html eminent domain fight has a canadian twist . new york times . oct 17 2011 . keystone pipeline clears a hurdle . washington post . aug 22 2012 . protesters in texas climb trees to block pipeline work . houston chronicle . september 25 2012 . daryl hannah freed following arrest in pipeline protest . chicago sun times . oct 6 2012 . http www.argusleader.com story news crime 2016 04 04 keystone pipeline oil spill near freeman 82608002 a b c transcanada selected to develop 6 billion in natural gas infrastructure to prince rupert british columbia news release . transcanada . january 9 2013 . retrieved june 12 2013 . a b transcanada selected by shell and partners to develop multi billion dollar natural gas pipeline to canada s west coast news release . transcanada . june 5 2012 . retrieved june 12 2013 . a b lauren krugel january 9 2013 . transcanada to build 5 billion shale gas pipeline project near prince rupert blog . the tyee . retrieved june 12 2013 . home page . coastal gaslink pipeline ltd. a wholly owned subsidiary of transcanada pipelines limited . retrieved june 12 2013 . coastal gaslink pipeline ltd. a wholly owned subsidiary of transcanada pipelines limited proposes to develop a natural gas pipeline from northeast b.c. to the west coast of b.c. to serve export markets . coastal gaslink pipeline project description nathan vanderklippe june 5 2012 . transcanada wins 4 billion pipeline contract . the globe