SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For the
month of June 2009
Commission
File No. 1-31690
TransCanada
Corporation
(Translation
of Registrant's Name into English)
450
– 1 Street S.W., Calgary, Alberta, T2P 5H1, Canada
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
|
Form
20-F
|
¨
|
Form
40-F
|
þ
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ¨
Exhibit
99.1 to this report, furnished on Form 6-K, is furnished, not filed, and will
not be incorporated by reference into any registration statement filed by the
registrant under the Securities Act of 1933, as amended.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: June 11, 2009
| TRANSCANADA CORPORATION | ||
|
By:
|
/s/
Donald J. DeGrandis
|
|
|
Donald
J. DeGrandis
|
||
|
Corporate
Secretary
|
||
|
|
EXHIBIT
INDEX
|
|
99.1
|
A
copy of the registrant's News Release dated June 11,
2009.
|
Exhibit
99.1
NewsRelease
TransCanada
and ExxonMobil to Work Together
on
Alaska Pipeline Project
ANCHORAGE,
Alaska – June 11, 2009 –
TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that
TransCanada and ExxonMobil have reached an agreement to work together on an
Alaska gas pipeline.
TransCanada’s
Alaska Pipeline Project is designed to deliver a reliable and secure source of
clean energy to markets for decades to come. With an initial
forecasted capital cost of US$26 billion, the project would provide a variety of
benefits to Alaska and Canada, as well as the rest of the United States,
including substantial revenues, jobs, business opportunities and new, long-term
stable supplies of natural gas.
“TransCanada’s
Alaska Pipeline Project will connect Alaska’s natural gas resource to new
markets. We are pleased that TransCanada and ExxonMobil have reached
agreement on initial project terms to progress this exciting initiative,” said
Hal Kvisle, TransCanada president and chief executive
officer. “TransCanada envisions that our combined activities with
ExxonMobil, along with the support of the State of Alaska, the U.S. and Canadian
governments, and other interested parties, will result in the timely completion
of the project. Today’s announcement is an important step toward that
goal.”
Rich
Kruger, president of ExxonMobil Production Company, said, “ExxonMobil and
TransCanada have the experience, expertise and financial capability to undertake
this project. We have on-the-ground knowledge of Alaska and Canada,
experience working in the Arctic, a strong history of technology and innovation,
and the proven ability to build and operate projects of enormous scale in the
most challenging environments.”
TransCanada
Alaska Company, LLC and subsidiaries of Foothills Pipe Lines Ltd. will remain
the Alaska Gasline Inducement Act (AGIA) licensees and TransCanada will continue
as the primary point of contact with the State of Alaska and the general public
for this project. As TransCanada and ExxonMobil work together with
the goal of successfully advancing a pipeline project, the AGIA contract
obligations of TransCanada to the State remain unaffected.
In November 2007, TransCanada Alaska
and Foothills jointly submitted an application under AGIA to build a 4.5 billion
cubic feet per day 48-inch diameter natural gas pipeline running approximately
2,700 kilometres (1,700 miles) from a new natural gas treatment plant at Prudhoe
Bay on Alaska’s North Slope to Alberta, Canada with an LNG option to deliver gas
supplies to a liquefaction facility at Valdez. In December 2008,
TransCanada was awarded the AGIA license after prevailing in an open and
transparent competitive bid process and receiving the approval of the Alaska
legislature. TransCanada has moved forward with project development,
which includes engineering, environmental reviews, Alaska Native and Canadian
Aboriginal engagement, and commercial work to conclude an initial binding open
season by July 2010.
For more
information on the Alaska Pipeline Project, please visit: www.transcanada.com/company/alaska_pipeline_project.html.
About
TransCanada
With more
than 50 years’ experience, TransCanada is a leader in the responsible
development and reliable operation of North American energy infrastructure
including natural gas pipelines, power generation, gas storage facilities, and
projects related to oil pipelines and LNG facilities. TransCanada’s
network of wholly owned pipelines extends more than 59,000 kilometres (36,500
miles), tapping into virtually all major gas supply basins in North
America. TransCanada is one of the continent’s largest providers of
gas storage and related services with approximately 370 billion cubic feet of
storage capacity. A growing independent power producer, TransCanada
owns, or has interests in, over 10,900 megawatts of power generation in Canada
and the United States. TransCanada’s common shares trade on the Toronto and New
York stock exchanges under the symbol TRP.
About
ExxonMobil
ExxonMobil
is the world's largest publicly traded international oil and gas company,
providing energy that helps underpin growing economies and improves living
standards around the world. ExxonMobil uses
innovation and technology to deliver energy to a growing world. The
company operates facilities or markets products in most of the world’s countries
and explores for oil and natural gas on six continents.
TransCanada Forward-Looking
Information
This news
release may contain certain information that is forward looking and is subject
to important risks and uncertainties. The words "anticipate",
"expect", "believe", "may", "should", "estimate", "project", "outlook",
"forecast" or other similar words are used to identify such forward-looking
information. Forward-looking statements in this document are intended
to provide TransCanada shareholders and potential investors with information
regarding TransCanada and its subsidiaries, including management’s assessment of
TransCanada’s and its subsidiaries’ future financial and operational plans and
outlook. Forward-looking statements in this document may include,
among others, statements regarding the anticipated business prospects and
financial performance of TransCanada and its subsidiaries, expectations or
projections about the future, and strategies and goals for growth and
expansion. All forward-looking
statements reflect TransCanada’s beliefs and assumptions based on information
available at the time the statements were made. Actual results or events may
differ from those predicted in these forward-looking
statements. Factors that could cause actual results or events to
differ materially from current expectations include, among others, the ability
of TransCanada to successfully implement its strategic initiatives and whether
such strategic initiatives will yield the expected benefits, the operating
performance of TransCanada’s pipeline and energy assets, the availability and
price of energy commodities, regulatory processes and decisions, changes in
environmental and other laws and regulations, competitive factors in the
pipeline and energy sectors, construction and completion of capital projects,
labour, equipment and material costs, access to capital markets, interest and
currency exchange rates, technological developments and the current economic
conditions in North America. By its nature, forward-looking
information is subject to various risks and uncertainties, which could cause
TransCanada's actual results and experience to differ materially from the
anticipated results or expectations expressed. Additional information
on these and other factors is available in the reports filed by TransCanada with
Canadian securities regulators and with the U.S. Securities and Exchange
Commission (SEC). Readers are cautioned to not place undue reliance
on this forward-looking information, which is given as of the date it is
expressed in this news release or otherwise, and to not use future-oriented
information or financial outlooks for anything other than their intended
purpose. TransCanada undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.
- 30
- -
| TransCanada Corporation | ||
|
Media
Inquiries:
|
Cecily
Dobson
|
(403)
920-7859
(800)
608-7859
|
|
Investor
& Analyst Inquiries:
|
David
Moneta/Myles Dougan/Terry Hook
|
(403)
920-7911
(800)
361-6522
|
| ExxonMobil | ||
| Media Inquires: | Margaret Ross | (713) 656-4376 |