TransCanada continues to cultivate a high quality portfolio of future growth opportunities. Long-term contractual arrangements, along with our expertise in developing, building and operating large scale energy infrastructure gives us confidence these projects will deliver service to customers and long-term returns to shareholders. Consideration is given to new markets with good fundamentals where TransCanada has or can develop competitive strengths.
There is a continued focus on low-cost, baseload power assets as well as on power and natural gas storage assets supported by firm, long-term contracts with reputable counterparties. Projects in development or under construction include wind power generation in Quebec and Maine, power generation facilities in Ontario, Arizona; and electric transmission projects in Canada and the United States.
Will be the largest wind power development in New England, providing enough clean, renewable electricity for the equivalent of 50,000 average Maine homes.
TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure.