TransCanada has made great strides in advancing its $20 billion capital program — a program that is nearly half complete.

Halfway There

Halfway There

TransCanada is about halfway through its current capital program with approximately $10 billion of assets having recently started or about to start commercial operations in the first half of 2011.

Start-up of a number of large scale projects in 2010 and 2011 (Keystone, North Central Corridor, Groundbirch, Bison, Kibby, Halton Hills, Guadalajara and Coolidge) should produce approximately $1 billion of earnings before interest, taxes, depreciation and amortization (EBITDA) in 2011.

That EBITDA is expected to grow to about $2 billion as we complete the Horn River Pipeline Project, the final phases of Cartier Wind, the Bruce Power restart project, and the Keystone U.S. Gulf Coast Expansion which is targeted for completion in 2013.

This unprecedented capital program is expected to drive long-term growth in earnings, cash flow and dividends.