TransCanada brings on Alberta power plant

- TransCanada PipeLines Ltd. said on Tuesday it switched on its new gas-fired cogeneration power plant at a southern Alberta fertilizer manufacturing facility owned by Agrium Inc. . The C$75 million ($47.8 million), 80-Megawatt plant, which burns natural gas to supply both steam and electricity, is located at Carseland, 40 km (24 miles) southeast of Calgary.

Agrium, Canada's second-largest fertilizer producer, will use the steam and some of the electricity, with the remainder sold by TransCanada into Alberta's power market, which was deregulated at the beginning of this year.

TransCanada is focusing on power as a key to future growth. It owns, controls or is developing almost 1,900 megawatts of power generating capacity. A Megawatt is equal to about the amount of electricity consumed by 1,000 average households.

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