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TransCanada Sees Mixed Results in Third-Quarter 2012, but Boasts $13 Billion in Projects for Next Three Years


Industry Segment: Transmission | Word Count: 969 Words

SUGAR LAND--November 1, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading energy infrastructure developer TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) reported mixed results in the third quarter of 2012, as planned outages and weaker natural gas revenues partly offset stronger results from the Oil Pipeline segment. Net income for the quarter was reported to be $369 million, a 4.4% decrease from third-quarter 2011. Industrial Info is tracking more than $15.7 billion in active projects involving TransCanada.

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