Former TCPL boss in the e-market

Article Abstract:

VerticalBuilder.com Inc. (Calgary) is setting up Internet procurement sites Oilsphere.com and Builders Harbor.com, a place where the oil patch and the construction industry can buy and sell goods they need for operations. Former TransCanada PipeLines Ltd. CEO George Watson has reinvented himself as chairman of an Internet incubator that is building e-marketplaces. Watson was CEO at TransCanada for six years and is now executive chairman of VerticalBuilder. VerticalBuilder's first two projects help companies buy goods and services on-line. Oilsphere will be North American-wide procurement site for the oil patch to purchase and Builders Harbor will provide a similar marketplace for the construction industry in Canada. Watson's Internet venture is attracting high-profile oil patch investors.

Executive changes & profiles, VerticalBuilder.com Inc.

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TCPL sees profit fall

Article Abstract:

TransCanada PipeLines Ltd of Calgary, Alberta, has announced a 32% decline in profit to C$355 million or 77 cents a share in 1998 on revenue of C$17.23 billion in 1998. The company had C$522 million or C$1.14 a share on revenue of C$16.78 billion in 1997. TransCanada said that the loss was due to cost of merger with Nova Corp's pipeline division, and the writeoff of the value of its poorly performing gas pipeline and processing properties in Louisiana.

Sales, profits & dividends, Gas Transmissn & Distributn, TransCanada Pipelines Ltd.

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TCPL, Westcoast forge alliance

Article Abstract:

TransCanada PipeLines and Westcoast Energy with plans to build a pipeline that would transport natural gas from Canada's Arctic region.

Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Strategic alliances, Gas Transmission, Natural gas transmission, Brief Article, Contracts, Gas transmission industry, TransCanada PipeLines Ltd., Westcoast Energy Inc., TRP, WE

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