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    Veresen Inc. (VSN.TO)

    18.28 Down 0.19(1.03%) May 4
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    Veresen Inc.
    South Tower
    Suite 900
    Calgary, AB T2P 0B4
    Canada - Map
    Phone: 403-296-0140
    Fax: 403-213-3648
    Website: http://www.vereseninc.com

    Index Membership:N/A
    Sector:Basic Materials
    Industry:Oil & Gas Pipelines
    Full Time Employees:N/A

    Business Summary 

    Veresen Inc. owns and operates energy infrastructure assets in North America. It operates in three segments: Pipeline, Midstream, and Power. The Pipeline segment owns a 50% interest in the Alliance Pipeline, an integrated pipeline system consisting of approximately 3,000 kilometer high pressure natural gas mainline pipeline located in Canada and the United States; a series of lateral pipelines located in Canada; the Tioga Lateral pipeline project located in North Dakota; and related infrastructure. This segment also owns a 50% convertible preferred interest in the Ruby Pipeline, a 680-mile natural gas transmission pipeline; and a 100% interest in the Alberta Ethane Gathering System, a 1,330 kilometer pipeline that transports ethane within Alberta from various ethane extraction plants to petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta. The Midstream segment operates the Hythe/Steeprock midstream gas gathering and processing complex in northern Alberta and British Columbia; and a natural gas liquids (NGL) extraction and fractionation facility that recovers ethane, propane, normal butane, iso-butane, and natural gasoline located at Channahon, Illinois. This segment also operates downstream distribution and gas facilities; NGL injection facilities in Alberta and British Columbia; and off-gas processing facility in Alberta. In addition, the Midstream segment owns the Palermo Conditioning Plant and the Prairie Rose Pipeline located in the Bakken region of North Dakota. The Power segment engages in the hydroelectric, natural gas, waste heat, wind, and biomass generation activities in Canada and the United States; and district energy systems in Ontario. The company was formerly known as Fort Chicago Energy Partners L.P. and changed its name to Veresen Inc. in January 2011. Veresen Inc. was founded in 1997 and is headquartered in Calgary, Canada.

    Key Statistics

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    Key Executives 
    Mr. Donald L. Althoff , 58
    Chief Exec. Officer, Pres and Director
    Ms. Theresa Jang , 50
    Chief Financial Officer and Sr. VP of Fin.
    Mr. Thomas A. Day ,
    Sr. VP of Operations
    Mr. Kevan S. King , 60
    Sr. VP and Gen. Counsel
    Ms. Elizabeth G. Spomer , 57
    Exec. VP, Chief Exec. Officer of Jordan Cove LNG and Pres of Jordan Cove LNG
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in CAD.