•  Print this page
  • Glossary 

Pipelines

Pipelines

Highlights

  • Net income from Pipelines was $902 million in 2008, an increase of $216 million from $686 million in 2007. Comparable earnings from Pipelines were $740 million in 2008, an increase of $54 million from $686 million in 2007.
  • The Keystone partnerships began building the portion of the Keystone pipeline that will deliver oil to markets in the U.S. Midwest and to Cushing, Oklahoma, and secured shipping commitments for a future expansion to serve markets on the U.S. Gulf Coast.
  • TransCanada began construction of the North Central Corridor expansion at a cost of approximately $925 million following approval from the Alberta Utilities Commission (AUC).
  • TransCanada received approval from the AUC for the Alberta System's 2008-2009 Revenue Requirement Settlement.
  • TransCanada filed an application with the National Energy Board (NEB) to establish federal jurisdiction over the Alberta System. A decision is expected in first quarter 2009.
  • ANR completed the second phase of its storage enhancement project (STEP 2008), which added 14 Bcf of storage capacity.
  • TransCanada was awarded a license from the State of Alaska to construct the Alaska Pipeline Project under the Alaska Gasline Inducement Act (AGIA).
Top ^