Transcanada files C$2 billion shelf covering common stock, preferreds

By Devika Patel

Knoxville, Tenn., Nov. 7 - Transcanada Corp. filed a C$2 billion shelf registration in an F-3 filing with the Securities and Exchange Commission.

The registration covers common shares, first preferred shares, second preferred shares and subscription receipts.

The preferreds may be structured as convertibles.

Proceeds will be used to reduce debt and finance investments.

Transcanada is a Calgary, Alta.-based company that develops and operates natural gas and oil pipelines, power generation and gas storage facilities in Canada and the United States.

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