In the second quarter, our businesses, for the most part, continue to perform very well. However, a portion of our business that is directly impacted by power crisis and gas prices was adversely impacted by weak demand and soft prices. That said, I remain very confident that TransCanada is well positioned to grow earnings, cash flow and dividends as we complete our current capital program, secure attractive new opportunities and benefit from the cyclical recovery in natural gas and power prices.We remain on target to complete $13 billion in capital projects between now and 2015, including the restart of 2 nuclear reactors at Bruce Power; our Gulf Coast project that will deliver U.S. and Canadian oil to Texas refiners; the Keystone XL project, which will bring U.S. Bakken and Canadian oil sands crude to market; the Tamazunchale extension; our Ontario solar project; and many further expansions to our Alberta System.
TransCanada Management Discusses Q2 2012 Results - Earnings Call Transcript
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