July marks one year since TransCanada and Columbia Pipeline Group joined forces to form one of the largest energy infrastructure companies in North America.
“Bringing these companies together truly has made us stronger,” President and CEO Russ Girling said in a new video commemorating the anniversary. “It’s not just the financial performance but the construction performance, operating performance, safety performance – all the things that are important and core to us.”
The move made TransCanada a genuine powerhouse in North America. Upon completion of the portfolio of pipeline projects Columbia brought to the table, TransCanada’s stature in energy infrastructure will be world-class.
“Once we’re done, we’ll be the only company in North America that can move a molecule of gas right from Northern Alberta through the Midwest and to the Gulf Coast and into Mexico City. We truly are the North American natural gas transmission company,” Girling said. “We are now moving one in every four molecules (of gas) that crosses this continent, and we are an extremely important part of the economic fabric of Canada, Mexico and the United States.”
Girling said TransCanada employees can be proud of their role in “keeping the lights on” across the continent.
And we’re not done yet.
“When you look forward 20 months from today and we end our project build-out in November of 2018, we're going to double the size of this company again to almost $16 billion in rate base,” added Stan Chapman, Executive Vice President and President, U.S. Natural Gas Pipelines. “That means that we have the right assets in the right place at the right time.”
TransCanada’s natural gas portfolio before acquisition
CPG before acqisition