TransCanada to Develop the Heartland Pipeline and Terminal Facilities in Central Alberta

TransCanada to Develop the Heartland Pipeline and Terminal Facilities in 
Central Alberta 
CALGARY, ALBERTA -- (Marketwired) -- 05/02/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that
it has reached binding long-term shipping agreements to build, own
and operate the proposed Alberta-based Heartland Pipeline and TC
Terminals projects. 
The proposed projects are being developed to support growing crude
oil production in Alberta and will include the 200-kilometre
(125-mile) pipeline connecting the Edmonton region to facilities in
Hardisty, Alberta and a terminal facility in the Heartland industrial
area north of Edmonton. TransCanada anticipates the pipeline could
ultimately transport up to 900,000 barrels of crude oil a day, while
the terminal is expected to have storage capacity for up to 1.9
million barrels of crude oil. The projects have a combined cost
estimated at $900 million and are expected to come into service
during the second half of 2015.  
"With Alberta oil production projected to increase by almost three
million barrels per day over the next 15 years, it is important to
have the right infrastructure in place to move these resources safely
and reliably to market at the right time," said Alex Pourbaix,
TransCanada's president of energy and oil pipelines. "These projects
will help link Canadian crude oil resources in northern Alberta to
markets in Eastern Canada and the United States."  
TransCanada began initial engagement with stakeholders and Aboriginal
communities through a feasibility study in the fall of 2012. The
company intends to file a regulatory application for the terminal in
spring 2013, followed by a separate application for the pipeline in
the fall. The projects will be developed with Aboriginal and
stakeholder input, as well as consideration for environmental,
archaeological and cultural values, land use compatibility, safety,
constructability and economics. As a member of the world Dow Jones
Sustainability Index, TransCanada is an industry leader that is
committed to minimizing the impact of its operations. 
The projects will further expand TransCanada's liquids transportation
capabilities and leverage TransCanada's extensive operating
experience in Alberta. TransCanada recently announced the Grand
Rapids Pipeline project, a 500-kilometre (310-mile) pipeline system
to transport crude oil and diluent between the producing area
northwest of Fort McMurray and the Edmonton/Heartland region. 
TransCanada currently operates 24,200 kilometres (15,000 miles) of
natural gas pipelines across Alberta and 3,500 kilometres (2,150
miles) of crude oil pipelines through its Keystone Pipeline. Keystone
has safely transported more than 400 million barrels of crude oil
from Alberta to markets in the United States since it began operation
in 2010. 
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 more than 400
billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns or has interests in over 11,800 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 or
http://blog.transcanada.com.  
FORWARD LOOKING INFORMATION  
This publication contains certain information that is forward-looking
and is subject to important risks and uncertainties (such statements
are usually accompanied by words such as "anticipate", "expect",
"would", "will" or other similar words). Forward-looking statements
in this document are intended to provide TransCanada security holders
and potential investors with information regarding TransCanada and
its subsidiaries, including management's assessment of TransCanada's
and its subsidiaries' future financial and operation plans and
outlook. All forward-looking statements reflect TransCanada's beliefs
and assumptions based on information available at the time the
statements were made. Readers are cautioned not to place undue
reliance on this forward-looking information. TransCanada undertakes
no obligation to update or revise any forward-looking information
except as required by law. For additional information on the
assumptions made, and the risks and uncertainties which could cause
actual results to differ from the anticipated results, refer to
TransCanada's Quarterly Report to Shareholders dated April 25, 2013
and 2012 Annual Report filed under TransCanada's profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov and available on TransCanada's website at
www.transcanada.com. 
Contacts:
TransCanada
Media Enquiries:
Shawn Howard/Grady Semmens
403.920.7859 or 800.608.7859 
TransCanada
Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com
 
 
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