More than just energy: The communities where we operate also receive tax benefits that help pay for things like schools, roads and hospitals.
What does the success of an energy transportation company have to do with you? You’d be surprised at how much it reaches you in ways you may not even realize.
For starters, think of how energy touches your life each day. It’s more than just driving, flicking on the furnace or powering your computer. From the sidewalks you walk on to the rubber tire on your bicycle, energy also plays a critical role in building and manufacturing.
So when an energy transportation company like TransCanada is successful, one way it impacts you is by quietly and reliably delivering the energy you need, in the many ways you need it, every day.
But what about your community?
Beyond that, the success of a company like TransCanada has meaning to your community. Take the many millions it pays in taxes each year and the number of people it employs, who also support their local and national economies. Tax dollars go to funding things like schools, roads and hospitals. And the company also makes investments to the causes that matter most to the communities where it operates.
So as well as the energy TransCanada delivers reliably and responsibly every day, its success provides a very real and layered benefit to your community and your neighbours.
Today’s growth is tomorrow’s benefit
Today, TransCanada’s record of safe and reliable energy transportation and its respectful, long-standing relationships with the communities where it operates have made TransCanada one of North America’s most sought-after partners in energy infrastructure. With an unprecedented $13 billion in small- to medium-sized growth projects, $35 billion in commercially secured large-scale projects and its $66 billion in existing operations, the company is poised to deliver even more to its communities, shareholders and other important stakeholders.
Even more than the energy it will deliver, each new project the company undertakes is an opportunity for further job creation, community investment and economic stimulus. It allows TransCanada to engage more closely with people on the ground, and demonstrate responsiveness, accountability and a balanced approach to sustainable development of energy resources.
TransCanada’s safely delivers 20 per cent of the continent’s natural gas supply, 20 per cent of Canada’s crude oil exports to U.S. markets and generates enough electricity to power nearly 12 million homes. At TransCanada’s annual Investor Day today, the company reviewed its strategic outlook for its natural gas pipelines, liquids pipelines and energy businesses along with its financing plans.
“Our $66 billion portfolio of high-quality, long-life energy infrastructure assets are expected to continue generating stable and predictable results through various market conditions,” said Russ Girling, TransCanada’s president and chief executive officer. “In addition, $13 billion of visible near-term growth projects are poised to enter service and begin contributing to earnings and cash flow over the next three years.”
Benefits for all three countries
Within the past few weeks, the company announced over a billion dollars in new business, including an agreement to acquire the Ironwood Power Plant in Pennsylvania, TransCanada’s successful selection to build, own and operate the Tuxpan-Tula Pipeline in Mexico and new contracts leading to an expansion to the company’s NGTL System. As well as the energy they deliver, these opportunities will provide substantial benefits to communities in the U.S., Mexico and Canada.
“For more than 60 years, we have considered every business decision in terms of our ability to achieve top performance in safety, positive social outcomes and environmental and economic performance,” said Girling. “The result is an unwavering dedication to operating sustainably and delivering on the commitments we make to our stakeholders.”
You can review TransCanada’s Investor Day presentation by clicking here, or read more about TransCanada’s dedication to economic success and the spin-off benefits for communities by visiting the Economy section of TransCanada’s 2014 Corporate Social Responsibility Report.