TransCanada
2006
Annual Report 2006
Consolidated Financial Review
Subsequent Events
Forward-Looking Information
Non-GAAP Measures
TransCanada Overview
TransCanada's Strategy
Outlook
Pipelines
Energy
Corporate
Discontinued Operations
Liquidity and Capital Resources
Contractual Obligations
Financial and Other Instruments
Risks and Risk Management
Controls and Procedures
Significant Accounting Policies and Critical Accounting Estimates
Accounting Changes
Selected Quarterly Consolidated Financial Data
Fourth Quarter 2006 Highlights
Share Information
Other Information
Glossary of Terms
 
Discontinued Operations

In 2006, the Company recognized income from discontinued operations of $28 million, reflecting bankruptcy settlements with Mirant related to TransCanada's Gas Marketing business divested in 2001. In 2005, the Company reviewed the provision for loss on discontinued operations and concluded that the provision was adequate. In 2004, $52 million was recognized in income which related to the original $102 million after-tax deferred gain included in the sale of the Gas Marketing business.


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