At 1 p.m. Monday, Ontario utilities and Alberta energy heavyweights and one of the country's biggest pipeliners, TransCanada Corp., will settle in to a 110-seat hearing room in downtown Calgary to air their complaints before the National Energy Board.
The companies listed here are the 1,000 largest publicly traded corporations, measured by assets. They are ranked according to their after-tax profits in their most recent fiscal year, excluding extraordinary gains or losses.
That should ease if and when pipeline companies get approval and proceed with projects such as TransCanada Corp.'s Keystone XL and Enbridge Inc.'s proposed reversal of the Line 9 pipeline in Ontario to extend the market for domestic crude.
Encana Corp. has frustrated investors on three fronts: its natural gas strategy, its weakening balance sheet, and its recent decision to add millions to its capital spending budget despite shaky commodity prices.
36, Russell Girling, TransCanada Corp. TRP-T, $1,083,338, $1,459,200, $10,833, $2,700,000, $900,000, $722,000, $6,875,371. 37, Donald A. Stewart #, Sun Life Financial Inc. SLF-T, $1,006,923, $0, $330,608, $2,750,009, $2,750,005, $7,657, $6,845,202.
A monster British Columbia well just south of the 60th parallel is pumping a tremendous volume of natural gas from a globally significant new play that stands to dramatically boost Canada's gas resources.
The impending price cut is mentioned, but not completely spelled out, in the financial statements of TransCanada Corp., the biggest shareholder in Bruce A. Two of the four reactor units at the Bruce A nuclear station have been mothballed since the late ...