TransCanada Corp. (TRP,TRP.TO) reported third-quarter net income of C$345 million or C$0.50 per common share, compared to C$390 million or C$0.67 per common share for third quarter 2008.
Comparable earnings were C$335 million or C$0.49 per common share, compared to C$366 million or C$0.63 per common share for the same period in 2008. This decrease was primarily due to lower power prices and volumes sold in Western Power and reduced generation volumes from New England and Bruce Power.
Funds generated from operations in third quarter 2009 were C$772 million compared to C$711 million in third quarter 2008.
Revenues for the quarter was C$2.253 billion, up from C$2.137 billion in the year ago quarter.
TransCanada also announced that its board declared a quarterly dividend of C$0.38 per common share for the quarter ending December 31, 2009 on the Company's outstanding common shares. The common share dividend is payable on January 29, 2010 to shareholders of record at the close of business on December 31, 2009.
The Board also approved an initial dividend of C$0.2899 per share for the period September 30, 2009 to December 31, 2009, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on December 31, 2009, to shareholders of record at the close of business on November 30, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.