TransCanada goes beyond Keystone

Article Excerpt

TransCanada is optimistic it can reroute its $5.3-billion Keystone XL pipeline around environmentally sensitive areas in Nebraska. That would help it win the permits required to finally build the project. Keystone XL, which is expected to start up in 2015, would pump oil from Alberta to the U.S. Gulf Coast. Either way, the company has many other growth projects that enhance its long-term prospects. TRANSCANADA CORP. $45.12 (Toronto symbol TRP; Shares outstanding: 705.0 million; Market cap: $31.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) operates 68,500 kilometres of natural gas pipelines in Canada and the U.S. It also has interests in over 10,800 megawatts of power generation, including the Bruce Power nuclear plant. In the three months ended September 30, 2012, TransCanada’s evenue rose 4.1%, to $2.1 billion from $2.0 billion a year earlier. Earnings per share fell 15.3%, to $0.50 from $0.59. The decline was mostly due to the shutdown of two reactors, Bruce Power Units 1 and 2,…