TransCanada Recognizes 4,844 Workers as Major Construction on Gulf Coast Pipeline Winds Down

TransCanada Recognizes 4,844 Workers as Major Construction on Gulf Coast 
Pipeline Winds Down 
CUSHING, OKLAHOMA -- (Marketwired) -- 10/15/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) is recognizing today
the thousands of men and women who have helped build the Gulf Coast
Pipeline Project, an oil pipeline designed to deliver American and
Canadian crude oil to Texas refineries. The workers who helped build
this project are in addition to the thousands who constructed the
initial Keystone Pipeline system, and we remain hopeful that we will
have the opportunity to employ thousands more on the final leg of the
Keystone system - Keystone XL.  
"Over the past 15 months, 4,844 workers in America have given their
best efforts to building a critical, modern piece of American energy
infrastructure from Cushing, Oklahoma to Nederland, Texas, and we
want to thank each and every one of them for their efforts," said
Russ Girling, TransCanada's president and chief executive officer.
"Their dedication to working safely, building high-quality energy
infrastructure and taking pride in their work has helped bring this
project closer to reality." 
The original Keystone Pipeline, which has been in operation since
2010 and safely delivered almost 490 million barrels of oil, required
8,969 people to build the pipeline and its related facilities.
Manufacturing of the pipe, pump stations, specialized equipment and
advanced technology for the Gulf Coast and Keystone XL Pipeline
projects also support about 7,000 positions.  
"What now seems to get lost in the debate about building new oil
pipelines is that there are real, hard-working people behind projects
like this," added Girling. "The work they do is critical to our way
of life and allows them to provide for their families and contribute
to their communities." 
Construction of the Gulf Coast Pipeline Project required: 


 
--  US$2.3 billion in private-sector investment 
--  Six modern pump stations 
--  More than 11 million hours of labor completed by 4,844 workers in the
    United States of America - heavy equipment operators, welders, laborers,
    transportation operators and supervisory personnel (including
    environment, safety and quality control inspectors) 
--  More than 50 contracts with U.S. manufacturers and companies building
    the pipeline and equipment in locations that include: Arkansas,
    California, Georgia, Indiana, Kansas, Louisiana, Maryland, Michigan,
    Minnesota, Missouri, New York, Ohio, Oklahoma, Oregon, Pennsylvania,
    South Carolina and Texas 
--  The manufacturing of more than 485 miles of high-strength, advanced oil
    pipeline (36-inch diameter); hundreds of large valves; thousands of
    fittings; thousands of pieces of equipment used to build transformers,
    meters, electric motors, cabling and electrical equipment; and piping
    assembling and structural steel for supports 
--  About 2.25 million barrels of new oil storage capacity at Cushing,
    Oklahoma. 

 
As pipeline construction activities near completion, commissioning
activities will be ramping up as the company focuses on preparing the
Gulf Coast Pipeline for commercial service in late 2013. Work on
associated tanks and storage facilities in Cushing, Oklahoma, is also
expected to be completed by late 2013. Upon start-up, we will safely
increase the flow rates of product moving through the Gulf Coast
Pipeline, which is normal practice when starting up energy
infrastructure like this.  
As President Obama indicated in February 2012, "In the months ahead,
we will continue to look for new ways to partner with the oil and gas
industry to increase our energy security - including the potential
development of an oil pipeline from Cushing, Oklahoma to the Gulf of
Mexico." TransCanada's Gulf Coast Pipeline was designed to help
relieve the glut of oil in places like Cushing, Oklahoma and will
transport growing supplies of U.S. crude oil to meet refinery demand.
It provides Gulf Coast refineries with access to lower cost domestic
production (and avoids paying a premium to foreign oil producers),
helping reduce America's dependence on foreign crude and allowing
U.S. refineries to use more of the crude oil produced in their own
country.  
"The fundamental issue here is that the U.S. will import millions of
barrels of oil each and every day to meet its energy needs - and will
continue to do so for decades. The Gulf Coast and Keystone XL
Pipeline projects mean that more of the oil that U.S. refineries need
will come from U.S. and Canadian sources, instead of forcing them to
rely on higher priced conflict oil from the Middle East and Venezuela
- regions that do not share American values," concluded Girling. 
The Gulf Coast Pipeline will have the initial capacity to transport
up to 700,000 barrels of oil per day with the potential to transport
up to 830,000 barrels of oil per day to Gulf Coast refineries.  
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 July 26, 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/Davis Sheremata
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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