U.S. Markets open in 8 hrs 9 mins

Veresen Inc. (VSN.TO)


Toronto - Toronto Delayed Price. Currency in CAD
Add to watchlist
18.63-0.03 (-0.16%)
At close: 3:59PM EDT

Veresen Inc.

South Tower
Suite 900
Calgary, AB T2P 0B4
Canada
403-296-0140
http://www.vereseninc.com

SectorBasic Materials
IndustryOil & Gas Pipelines
Full Time Employees278

Key Executives

NameTitlePayExercisedAge
Mr. Donald L. AlthoffChief Exec. Officer, Pres and Director1.52MN/A60
Ms. Theresa B.Y. JangChief Financial Officer and Sr. VP of Fin.733.21kN/A52
Mr. Kevan S. KingSr. VP and Gen. Counsel609.57kN/A62
Mr. Darren D. MarineSr. VP of Bus. Joint Ventures753.49kN/A48
Ms. Elizabeth Grace SpomerExec. VP, Chief Exec. Officer of Jordan Cove LNG and Pres of Jordan Cove LNG1.4MN/A59
Amounts are as of December 31, 2016 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.

Description

Veresen Inc. operates as an energy infrastructure company in North America. It operates in Pipeline and Midstream segments. The Pipeline segment owns a 100% interest in the Alberta Ethane Gathering System, a 1,330 kilometer pipeline system that transports ethane from various ethane extraction plants to petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta; a 50% convertible preferred interest in the Ruby Pipeline, a 680-mile pipeline system that transports natural gas between the Opal hub in Wyoming and the Malin hub in Oregon; and a 50% interest in the Alliance Pipeline, an integrated pipeline system comprising a 3,000 kilometer natural gas and natural gas liquids (NGL) pipeline that extends from northeastern B.C. to points near Chicago, Illinois, as well as operates 5 waste heat power generation facilities. The Midstream segment operates the natural gas processing, gathering, and compression assets located in Alberta and British Columbia; and a NGL extraction and fractionation facility that recovers ethane, propane, normal butane, iso-butane, and natural gasoline located at Channahon, Illinois. This segment also operates storage facilities, downstream NGL pipelines, and loading facilities; NGL injection facilities in Alberta and British Columbia; and off-gas processing facility in Fort Saskatchewan. 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.

Corporate Governance

Veresen Inc.’s ISS Governance QualityScore as of May 1, 2017 is 4. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 3; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.