TransCanada Corporation announced today that it will move forward with a $1.5 billion expansion of its NOVA Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin market demand.

This document provides an overview of the key factors that have influenced how TransCanada has performed in its recent past, its financial condition, and its future prospects.

On Sept. 15, TC Energy and Columbia Gas Transmission’s Virginia Reliability Project (VRP) received a favorable environmental impact statement (EIS) by the Federal Energy Regulatory Commission (FERC). FERC’s findings also reflected the work of federal and state experts under the National Environmental Policy Act.

Louisiana’s energy demand is rising faster than almost anywhere in the country, driven by liquified natural gas (LNG) feed gas requirements, accelerating power generation needs and expanding industrial activity.