TransCanada To Spend $7B On Energy Projects By 2015

Law360, New York (April 27, 2012, 3:26 PM EDT) -- Canadian energy giant TransCanada Corp. has spent a total of $6 billion on nine energy projects in late-stage development and plans to spend another $7 billion on them in the next three years, TransCanada said Friday.

In a press release announcing the company's financials for the first quarter of 2012, TransCanada said the nine projects, including the controversial Keystone XL pipeline project, are in the advanced stages of development.

The company plans to finance the completion of the projects from internally generated cash flow and debt...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.