TransCanada Donates $250,000 of Industrial Equipment and Support for
Hurricane Sandy Flood Relief Efforts
NEW YORK, NEW YORK -- (Marketwire) -- 11/08/12 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that
it is donating up to $250,000 in equipment and cash to help New York
speed up recovery efforts following Hurricane Sandy.
TransCanada has an active presence in the New York region where the
company operates the Ravenswood Power Facility in Long Island City,
NY. Under normal operating conditions, Ravenswood is capable of
producing up to 25 percent of the daily electricity that is consumed
in New York City. In the days following Hurricane Sandy and with the
damage to other electrical facilities, TransCanada's Ravenswood
facility provided up to 50 percent of the available power to the New
York City electrical grid.
"New York City is an important part of TransCanada's power business
and while our employees and personnel came through this storm safely,
many of our friends and neighbors experienced great loss," said Russ
Girling, president and chief executive officer, TransCanada. "We have
already moved supplies and industrial equipment from Louisiana and
the U.S. Northeast to draw down water in public housing located on
Coney Island and to provide power on Staten Island."
The equipment includes large and medium-capacity pumps, generators,
hoses and discharge equipment. TransCanada generators were delivered
to New York City Emergency Management officials on Staten Island and
will be used by homeowners who continue to be without any source of
power. TransCanada pumps were delivered to the New York City Housing
Authority (NYCHA) on Coney Island. The specific housing sites using
these pumps on Coney Island are Coney Island Houses, Surfside, and
"Over the past week, thousands of people from around the City and
across the country have stepped forward to help New Yorkers whose
lives have been turned upside down by Hurricane Sandy," said Mayor
Michael Bloomberg. "TransCanada stepped forward very early to help
our recovery efforts - just as a good neighbor would do. We are
grateful for the support we've received from generous individuals and
corporate citizens, who are pitching in to help our City recover from
At the same time, TransCanada will be donating $100,000 to the
Mayor's Fund to Advance New York City for the City's emergency
response needs and long-term restoration efforts. This non-profit
organization is dedicated to innovative public-private partnerships
and programs for the City of New York. For more information on this
important initiative and the ongoing hurricane relief efforts, please
go to: www.nyc.gov/html/fund.
TransCanada will continue to monitor the effects of Sandy and any
other potential storms that may impact the East Coast to determine
what additional help for New Yorkers is needed.
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North American
energy infrastructure, including natural gas and oil pipelines, power
generation and gas storage facilities. TransCanada operates a network
of natural gas pipelines that extends more than 68,500 kilometres
(42,500 miles), tapping into virtually all major gas supply basins in
North America. TransCanada is one of the continent's largest
providers of gas storage and related services with approximately
380-billion cubic feet of storage capacity. A growing independent
power producer, TransCanada owns or has interests in more than 10,900
megawatts of power generation in Canada and the United States.
TransCanada is developing one of North America's largest oil delivery
systems. TransCanada's common shares trade on the Toronto and New
York stock exchanges under the symbol TRP. For more information
visit: www.transcanada.com/ or check us out on Twitter @TransCanada.
Shawn Howard/Grady Semmens
403.920.7859 or 800.608.7859
Investor & Analyst Enquiries:
David Moneta/Terry Hook/Lee Evans
403.920.7911 or 800.361.6522
Press spacebar to pause and continue. Press esc to stop.