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TransCanada's 2007 Annual Report is now available on our website. The report offers a comprehensive look at the company's businesses and initiatives in 2007, as well as an overview of our strategic direction.
TransCanada is well positioned for continued success. Our strong financial performance and the significant project milestones achieved in our Pipelines and Energy businesses in 2007 have set the stage for continued growth and value creation in 2008 and beyond.
Highlights from the Pipelines business include the following:
- Acquisition and integration of ANR Pipeline System which added approximately 17,000 kilometres (10,600 miles) of pipeline to our system as well as 235 Bcf of natural gas storage
- Achievement of several significant milestones with the Keystone Oil Pipeline project
- Filing an application with the Alberta Energy and Utilities Board (EUB) for the 300-kilometre (186-mile) North Central Corridor expansion
- Continued work with other stakeholders on northern pipeline initiatives including the Mackenzie Gas Pipeline project and the Alaska Pipeline project
In his letter to shareholders, CEO Hal Kvisle notes, “Our strategic focus remains clear. Our vision is to become the leading energy infrastructure company in North America. In pursuing our goal, we will strive to deliver strong financial performance and maximize our financial flexibility, to execute on our current portfolio of large, attractive projects and initiatives and to continue to work to create and cultivate a high-quality portfolio of future growth opportunities.”
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