TransCanada to Release 367 Nebraska Pipeline Easements

TransCanada to Release 367 Nebraska Pipeline Easements 
NORFOLK, NEBRASKA -- (Marketwired) -- 06/12/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that
it has begun the process of de-registering certain easements that it
has acquired for its original Keystone XL Pipeline route in Nebraska,
which the company has agreed to re-route to avoid the defined
Sandhills area and the Clarks and Western wellhead protection areas.  
"We appreciate the early support and cooperation that we received
from many Nebraska landowners for the original Keystone XL route. We
have received approval for a different route and can now begin the
work that is necessary to de-register easement agreements that are no
longer required," said Corey Goulet, vice-president, Keystone
Projects, TransCanada.  
"This will not require any work on behalf of the impacted landowners
and our land and legal team expects to have this work completed in
the next two to three months," added Goulet. "In keeping with what we
have said and what is standard practice for TransCanada, the
landowners involved will be able to retain the payments made to them
in exchange for these easement agreements." 
TransCanada representatives will de-register easement agreements on
properties in the following counties: Boone, Garfield, Greeley,
Hamilton, Holt, Jefferson, Keya Paha, Merrick, Nance, Rock, Saline,
York and Wheeler. In total, the easements that will be de-registered
involve 288 landowners who controlled 367 properties and 58 temporary
work space agreements.  
"As we go through the process of releasing these easement agreements,
our land agents are also working towards obtaining easements for the
new (and approved) Keystone XL Pipeline route in Nebraska. We will
keep working with affected landowners in an open and transparent
manner and we look forward to continuing to earn the trust of the
people whose land our pipeline will cross," concluded Goulet. 
Once documents are completed by TransCanada's land team, each release
will be filed in its respective courthouse. Once the release has been
recorded, TransCanada will send copies to the respective
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North 
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.
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