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TransCanada expects B.C. regulatory decisions on two pipeline projects in Q2

CALGARY - TransCanada Corp. (TSX:TRP) says it expects B.C.'s oil and gas commission to decide soon on two pipeline projects that the company wants to build across the province.One of the projects is a 900-kilometre pipeline to move natural gas from the Montney gas-producing region near Fort St. John, in northeastern B.C., to a connection near a proposed liquefied natural gas terminal near Prince Rupert, B.C.The other project is a 670-kilometre pipeline to move gas from the Montney region to another proposed LNG terminal near Kitimat, B.C.TransCanada's expectations of a decision on the pipelines this quarter were included in the company's first-quarter financial report, which largely met analyst estimates.The Calgary-based company says its "comparable earnings" for the first three months of 2015 were 66 cents per share or $465 million, up from $422 million or 60 cents per share in last year's first quarter.Analysts tracked by Thomson Reuters also estimated 66 cents per share of earnings for the quarter.TransCanada's net income — which includes items excluded from comparable earnings — was $387 million or 55 cents per share, down from $412 million or 58 cents per share in the first quarter of 2014.

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