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TransCanada Planning $13B in Projects; Ups Earnings
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TransCanada Corporation reported comparable earnings for second quarter 2013 of $357 million or $0.51 per share, compared to $300 million or $0.43 per share for the same period in 2012.
Net income attributable to common shares for second quarter 2013 was $365 million or $0.52 per share. TransCanada's Board of Directors also declared a quarterly dividend of $0.46 per common share for the quarter ending September 30, 2013, equivalent to $1.84 per common share on an annualized basis.
Russ Girling, TransCanada's president and chief executive officer, commented: "All three of our business segments generated strong results during the second quarter. Higher power prices in Alberta, an increase in capacity prices in New York, the return to an eight unit site at Bruce Power and a higher Canadian…
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