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TransCanada Welcomes the Support of Over 165 Business Leaders Calling for Approval of Keystone XL

TransCanada Welcomes the Support of Over 165 Business Leaders Calling for Approval of Keystone XL

CALGARY, ALBERTA -- (Marketwired) -- 10/10/13 -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) agrees with dozens and dozens of top business leaders who are speaking out in favour of the Keystone XL pipeline project. The CEOs, presidents and chairpersons representing a diverse group of industries, including members of the National Association of Manufacturers, the Business Roundtable and U.S. Chamber of Commerce have sent a letter to President Barack Obama emphasizing the importance of Keystone XL to the broader U.S. economy and urging him to approve construction of the 1,179-mile pipeline project that has now been under government review for more than five years.

"As these prominent business leaders said in their letter to President Obama a positive decision on Keystone XL would materially affect both the rate of economic growth and America's competitiveness," said Russ Girling, TransCanada's president and chief executive officer.

The letter makes the point to the President that: 'Studies by your administration have demonstrated that construction of Keystone XL will directly result in the investment of $3.3 billion in the U.S. and support tens of thousands of American jobs, across diversified sectors, which will in turn add billions of dollars to the national and regional economies. Approving this investment will send a powerful signal of this Administration's commitment to getting America back to work.'

Girling points to the U.S. Department of State's Draft Supplemental Environmental Impact Statement on Keystone XL released last spring that stated the project would support the creation of over 40,000 jobs in America. This figure includes 9,000 construction jobs - work for welders, heavy equipment operators, labourers, pipefitters and many more. TransCanada is currently winding down construction of its Gulf Coast Project, a pipeline that will transport American and Canadian crude oil from the Cushing, Oklahoma hub to Texas refineries. That project employed an additional 4,000 workers in the United States.

One message Girling has consistently delivered in recent years is the fact Keystone XL will enhance U.S. energy security - pushing out foreign oil from unstable, unfriendly countries that do not have strong environmental regulations and do not support American values. The over 165 business leaders who signed the letter to President Obama agree:

"It (Keystone XL) would also enhance America's competitiveness by helping to realize the long-standing goal of increased North American energy security, without spending a single dollar of U.S. government funds. A strong, integrated energy distribution system that spans the continent promises to be a competitive advantage for the United States for years to come. The flow of oil, gas and electricity both north and south among the United States, Canada and Mexico directly benefits Americans by creating efficiencies and reducing overall energy prices for households and businesses. Plentiful, affordable energy could rejuvenate the U.S. industrial sector, and encourage investment."

The letter also noted that Keystone XL would be subject to nearly 60 special conditions set by regulators to minimize risks associated with the project and the ultimate net environmental impact of the pipeline would be minimal, as was recognized by the Department of State in separate Environmental Impact Statements issued since 2010.

To read the full letter sent to President Obama, please open this embedded link:

Below is the complete list of business leaders who signed the letter to President Obama:

Ajita Rajendra, CEO, A. O. Smith Corporation                                
Joseph Gingo, Chairman, President and CEO, A. Schulman Inc.                 
Enrique Santacana, North America CEO, ABB, Inc.                             
Kellie Johnson, President and CEO, ACE Clearwater Enterprises               
Martin Richenhagen, Chairman, President and CEO, AGCO Corporation           
John McGlade, Chairman, President and CEO, Air Products and Chemicals, Inc. 
James L. Wainscott, Chairman, President and CEO, AK Steel Corporation       
Richard Harshman, Chairman, President and CEO, Allegheny Technologies       
Hannah Kain, President and CEO, ALOM Technologies Corporation               
Lee Styslinger, III, Chairman and CEO, Altec, Inc.                          
Nicholas K. Akins, President and CEO, American Electric Power               
Al Walker, President and CEO, Anadarko Petroleum Corporation                
Joe Puishys, CEO, Apogee Enterprises, Inc.                                  
Michael Rippey, President and CEO, ArcelorMittal USA                        
John Eaves, President and CEO, Arch Coal, Inc.                              
Randall Stephenson, Chairman and CEO, AT&T                                  
Dean A. Scarborough, Chairman, President and CEO, Avery Dennison Corporation
John A. Hayes, Chairman, President and CEO, Ball Corporation                
Tony Raimondo, Chairman, Behlen Mfg.Co.                                     
William Belden, Jr., Chairman, The Belden Brick Company                     
Martin Swarbrick, President and CEO, Bison Gear & Engineering               
Laurence D. Fink, Chairman and CEO, BlackRock                               
W. James McNerney, Jr., Chairman, President and CEO, The Boeing Company     
James R. Verrier, President and CEO, BorgWarner Inc.                        
Dustan McCoy, Chairman and CEO, Brunswick Corporation                       
Charles Wetherington, President, BTE Technologies, Inc.                     
Ken Jacob, President and CEO, Cajun Industries, LLC                         
Maurice R. Greenberg, Chairman and CEO, C. V. Starr & Co., Inc.             
Gregory Page, CEO and Chairman, Cargill, Incorporated                       
Peter Perez, President, Carter Products Company, Inc.                       
Rich Tobin, CEO, CNH Industrial N.V. and COO, NAFTA Region, CNH Industrial  
Douglas R. Oberhelman, Chairman and CEO, Caterpillar Inc.                   
Stephen R. Wilson, Chairman, President and CEO, CF Industries Holdings, Inc.
Lee A. McIntire, Chairman and CEO, CH2M HILL                                
Walt Bettinger, President and CEO, The Charles Schwab Corporation           
John S. Watson, Chairman and CEO, Chevron Corporation                       
Colin Marshall, President and CEO, Cloud Peak Energy, Inc.                  
Rich Lavin, President and CEO, Commercial Vehicle Group, Inc.               
Francis Malecha, President and CEO, Compass Minerals International          
Ryan M. Lance, Chairman and CEO, ConocoPhillips                             
Mark Medley, President and CEO, Control Technology, Inc.                    
Douglas Stotlar, President and CEO, Con-way Inc.                            
Jeff Edwards, Chairman, President and CEO, Cooper Standard Automotive       
Eric C. Fast, CEO, Crane Co.                                                
John Conway, Chairman of the Board, President and CEO, Crown Holdings, Inc. 
J. Michael Lawrie, President and CEO, CSC                                   
Aelred Kurtenbach, Chairman of the Board, Daktronics, Inc.                  
H. Lawrence Culp, Jr., President and CEO, Danaher Corporation               
Harold L. Yoh, III, Chairman and CEO, The Day & Z
immermann Group, Inc.      
Michael Mack, Jr., President, Worldwide Construction & Forestry Division,   
Deere & Company                                                             
John Richels, President and CEO, Devon Energy Corporation                   
Gerald Letendre, President, Diamond Casting & Machine Co. Inc.              
Andrew N. Liveris, Chairman and CEO, The Dow Chemical Company               
James P. Rogers, Chairman of the Board and CEO, Eastman Chemical Company    
Alexander M. Cutler, Chairman and CEO, Eaton                                
Douglas Baker, Chairman and CEO, Ecolab Inc.                                
Al Jennings, Chairman and CEO, EFCO Corp.                                   
Barry L. Allerd, Chairman and CEO, Elkins Constructors Inc.                 
David Farr, Chairman and CEO, Emerson                                       
David F. Melcher, CEO and President, Exelis Inc.                            
Rex W. Tillerson, Chairman and CEO, ExxonMobil Corporation                  
Jay Bender, President, Falcon Plastics, Inc.                                
Michael Heneka, President, Faurecia North America, Faurecia USA Holdings,   
Richard Wilkey, CEO, Fisher Barton, Inc.                                    
David T. Seaton, Chairman and CEO, Fluor Corporation                        
Richard C. Adkerson, President and CEO, Freeport-McMoRan Copper & Gold Inc. 
Maggie Wilderotter, Chairman and CEO, Frontier Communications               
Jeffrey R. Immelt, Chairman and CEO, General Electric Company               
Patrick J. McHale, President and CEO, Graco Inc.                            
Jim Ryan, Chairman, President and CEO, W.W. Grainger, Inc.                  
James H. Roberts, President and CEO, Granite Construction, Inc.             
Stephen Chipman, CEO, Grant Thornton LLP                                    
James Owens, President and CEO, H.B. Fuller Company                         
William M. Brown, President and CEO, Harris Corporation                     
Liam E. McGee, Chairman, President and CEO, The Hartford                    
Karla Aaron, President, Hialeah Metal Spinning, Inc.                        
Hannes Hunschofsky, Executive Vice President, Global Operations, Hoerbiger  
Compression Technology Holding                                              
David M. Cote, Chairman and CEO, Honeywell International                    
C. Michael Petters, President and CEO, Huntington Ingalls Industries        
Michael Lamach, Chairman and CEO, Ingersoll Rand Company                    
Michael I. Roth, Chairman and CEO, The Interpublic Group                    
Kirk Liddell, President and CEO, Irex Corporation                           
Denise L. Ramos, CEO and President, ITT Corporation                         
Duncan Gillis, President and CEO, John Crane Group Corporation - a division 
of Smiths Group PLC                                                         
Carlos Cardoso, Chairman, President and CEO, Kennametal Inc.                
Gage Kent, Chairman and CEO, Kent Corporation                               
Paul J. Diaz, CEO, Kindred Healthcare                                       
John B. Veihmeyer, Chairman and CEO, KPMG L.L.P.                            
Flemming Bjoernslev, President and CEO, Lanxess Corporation                 
Denton J. Nordhues, President, Leeco Steel Products Inc.                    
Christopher Mapes, President and CEO, Lincoln Electric Holdings, Inc.       
Ed Auslander, CEO, LORD Corporation                                         
Jim Gallogly, CEO, LyondellBasell Industries                                
Glen Tellock, Chairman, President and CEO, The Manitowoc Company, Inc.      
Clarence P. Cazalot, Jr., Executive Chairman, Marathon Oil Corporation      
Gary R. Heminger, President and CEO, Marathon Petroleum Corporation         
Drew Greenblatt, President and Owner, Marlin Steel Wire Products LLC        
C. Howard Nye, President and CEO, Martin Marietta Materials, Inc.           
Susan Marvin, President, Marvin Windows and Doors                           
Timothy Wadhams, CEO, Masco Corporation                                     
Al Lubrano, President, Materion Technical Materials                         
Stephen M. Johnson, Chairman of the Board, President and CEO, McDermott     
International, Inc.                                                         
John Luke, Chairman and CEO, MeadWestvaco                                   
Mark A. Murray, Co-CEO and Vice Chairman, Meijer                            
Ike Evans, Chairman, CEO and President, Meritor, Inc.                       
William Lambert, Chairman, President and CEO, Mine Safety Appliances Company
Michael A. DeCola, CEO, Mississippi Lime Company                            
Thomas Burke, President and CEO, Modine Manufacturing Company               
Craig Morrison, Chairman, President and CEO, Momentive Performance Materials
Holdings LLC                                                                
Greg Brown, Chairman and CEO, Motorola Solutions Inc.                       
John Orr, President and CEO, Myers Industries, Inc.                         
Thomas C. Nelson, Chairman, President and CEO, National Gypsum Company      
George Martin, President and CEO, NewPage Corporation                       
Jim Robo, President and CEO, NextEra Energy, Inc.                           
Michael Hilton, President and CEO, Nordson Corporation                      
Mark S. Towe, CEO, Oldcastle, Inc.                                          
Arnaud de Weert, President, O-I North America, Owens-Illinois, Inc.         
Roy Paulson, President, Paulson Manufacturing Corporation                   
Gregory H. Boyce, Chairman and CEO, Peabody Energy Corporation              
Art E. Favre, President, Performance Contractors, Inc.                      
Bruce E. Grewcock, Chairman and CEO, Peter Kiewit Sons', Inc.               
Greg C. Garland, Chairman and CEO, Phillips 66                              
Stephen Newlin, Chairman, President and CEO, PolyOne Corporation            
Dyke Messinger, President and CEO, Power Curbers, Inc.                      
Charles Bunch, Chairman and CEO, PPG Industries Inc.                        
Dennis M. Nally, Chairman, PricewaterhouseCoopers International Limited     
Thomas J. Quinlan, III, President and CEO, R. R. Donnelley                  
Richard A. Smith, Chairman, CEO and President, Realogy Holding Corp.        
Jay Pittas, President and CEO, Remy International                           
James Rubright, Chairman and CEO, RockTenn                                  
Keith Nosbusch, Chairman and CEO, Rockwell Automation                       
Robert Sanchez, President and CEO, Ryder System, Inc.                       
John Crowe, President and CEO, Saint-Gobain and Certainteed Corporations    
Christopher A. Viehbacher, CEO, Sanofi                                      
William Dempsey, President and COO, Sargent & Greenleaf, Inc.               
James H. Goodnight, CEO, SAS Institute Inc.                                 
Tamara Lundgren, President and CEO, Schnitzer Steel Industries, Inc.        
Marvin Odum, President, Shell Oil Company                                   
Eric Spiegel, President and CEO, Siemens Corporation                        
Wes Lucas, CEO, SIRVA                                                       
Poul Jeppesen, President and CEO, SKF USA Inc.                              
Nicholas Pinchuk, Chairman and CEO, Snap-on Incorporated                    
Charles Schmitt, President, SSAB Americas                                   
John F. Lundgren, Chairman and CEO, Stanley Black & Decker, Inc.            
James P. Hackett, Vice Chair and CEO, Steelcase Inc.                        
Walter Rosebrough, President and CEO, STERIS Corporation                    
Stewart McMillan, President, Task Force Tips, Inc.                          
Gregg Sherrill, Chairman and CEO, Tenneco Inc.                              
Ronald DeFeo, Chairman and CEO, Terex Corporation                           
Scott C. Donnelly, Chairman, President and CEO, Textron Inc.                
Ward Timken, Jr., Chairman of the Board, The Timken Company                 
Jerry Speyer, Chairman and Co-CEO, Tishman Speyer                           
Jay S. Fishma
n, Chairman and CEO, The Travelers Companies, Inc.             
Michael Batten, Chairman and CEO, Twin Disc, Incorporated                   
George R. Oliver, CEO, Tyco                                                 
Mario Longhi, President and CEO, United States Steel Corporation            
Louis Chenevert, Chairman and CEO, United Technologies Corporation          
Alan B. Miller, Chairman and CEO, Universal Health Services, Inc.           
James Metcalf, Chairman, President and CEO, USG Corporation                 
Mary Andringa, President and CEO, Vermeer Corporation                       
Dennis Slagle, Executive Vice President, Volvo Group Trucks Sales and       
Marketing Americas, Volvo Group North America                               
David Steiner, President and CEO, Waste Management                          
John J. Engel, Chairman, President and CEO, WESCO International, Inc.       
John F. Barrett, Chairman, President and CEO, Western & Southern Financial  
Alan S. Armstrong, President and CEO, The Williams Companies, Inc.          
Della Williams, President and CEO, Williams-Pyro, Inc.                      
Bruce Pulkkinen, CEO, Windham Millwork, Inc.                                
Stephen P. Holmes, Chairman and CEO, Wyndham Worldwide Corporation          

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: or check us out on Twitter @TransCanada or


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 July 26, 2013 and 2012 Annual Report filed under TransCanada's profile on SEDAR at and with the U.S. Securities and Exchange Commission at and available on TransCanada's website at Contacts: TransCanada Media Enquiries: Shawn Howard/Grady Semmens/Davis Sheremata 403.920.7859 or 800.608.7859

TransCanada Investor & Analyst Enquiries: David Moneta/Lee Evans 403.920.7911 or 800.361.6522

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