Last updated on: 1/13/2015 | Author: ProCon.org

TransCanada Corporation Biography

Position:
Not Clearly Pro or Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"
Reasoning:

“In addition to building safe and efficient pipelines and power plants, TransCanada is actively working towards solutions for a less carbon-intense future. To date, the company has invested over $5 billion in emission-less energy sources, including the largest wind farm in New England and its thirteen hydro power facilities in New Hampshire, Massachusetts and Vermont along with solar and wind developments in Canada. TransCanada is a partner in Bruce Power, Canada’s first private nuclear generator that currently produces 6,300 MW of emission-free electricity in Ontario. TransCanada also specializes in building highly efficient natural gas-fired power plants that are helping North America’s transition to a less carbon-intensive electricity supply mix.”

“TransCanada Expands Renewable Energy Portfolio, Acquires Brockville 1 Solar Facility,” TransCanada.com, July 2, 2013

Description:

“We build and operate the energy infrastructure that North America needs.

Experts in our field, known for our solid financial track record, for our integrity and high standards of corporate governance and business ethics, we are committed to being a good neighbour.

With more than 60 years experience, TransCanada is a leader in the responsible development and reliable and safe operation of North American energy infrastructure.

Our network of wholly owned and affiliated pipelines taps into virtually all major natural gas supply basins in North America. TransCanada leads the North American pipeline industry and the world in system integrity. We’ve demonstrated an exceptional record of system reliability and safety.

With increasing production from oil sands in Alberta, and growing demand for secure, reliable sources of energy, TransCanada has identified opportunities to develop oil pipeline capacity, complementing our natural gas transmission business, drawing on our extensive pipelines experience and offering an efficient way to maximize the value of our current pipeline assets.

TransCanada is one of the continent’s largest providers of gas storage and related services.

A growing independent power producer, TransCanada owns or has interests in over 11,800 megawatts of power generation.”

“About Us,” TransCanada.com (accessed Jan. 12, 2015)

Mission:

“TransCanada will be the leading energy infrastructure company in North America, with a strong focus on pipelines and power generation opportunities located in regions where we have or can develop significant competitive advantages.”

“Vision,” TransCanada.com (accessed Jan. 12, 2015)

Other:
None found
Quoted in:
  1. Should the United States Authorize the Keystone XL Pipeline to Import Tar Sand Oil from Canada?