Delivering Critical Energy Infrastructure
It's been said the results you achieve will be in direct proportion to the effort you apply. Through the efforts of TransCanada's 4,400 employees, much was achieved in 2011, right across North America.
The company's capital program is nearly 50 per cent complete, with $10 billion in assets becoming operational since the second quarter of 2010. These assets are doing what they were designed to do: produce predictable, sustainable earnings and cash flow growth for our shareholders, while delivering energy safely and reliably to customers across North America.
TransCanada has $49 billion in blue-chip energy infrastructure assets and we have a presence in seven Canadian provinces, 33 U.S. States and Mexico.
We operate one of North America's largest natural gas pipeline networks – 68,500 kilometres (42,500 miles) – tapping into virtually every major gas supply basin on the continent. We deliver 20 per cent of the natural gas consumed in North America each and every day.
TransCanada is the third-largest natural gas storage provider on the continent with 380 billion cubic feet of capacity.
We are Canada's largest private sector power generator. Our company has 19 power plants in Canada and the U.S. that produce 10,800 megawatts of electricity. We can produce enough power to meet the needs of nearly 11 million homes.
In the summer of 2010, we broadened our asset base to include a very significant entrance into the oil transportation business with the start of commercial operations on our Keystone pipeline system, delivering a reliable source of crude oil to U.S. refineries. The system expanded in 2011 with completion of the Cushing Extension.
All are long-life assets that are critical to the needs of millions of people who rely on us to deliver their energy safely and reliably every day.
We remain focused on doing the right thing and doing things right as we have done for decades to ensure we maintain the trust of the communities where we work. It is important we remain grounded in our values of integrity, responsibility, innovation and collaboration, as they will continue to be our guide to navigate the path forward.
The safety of the public, our employees and our contractors has been a core value at TransCanada for 60 years. We strive to eliminate all incidents that could impact people, the environment or our corporate assets through continuous improvement of our health, safety and environmental performance.