TransCanada Receives Regulatory Approval for Northern Courier Pipeline Project

TransCanada Receives Regulatory Approval for Northern Courier Pipeline Project 
CALGARY, ALBERTA -- (Marketwired) -- 07/23/14 --  TransCanada
Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that
the Alberta Energy Regulator has approved TransCanada's application
to construct and operate the Northern Courier Pipeline Project
(Northern Courier). 
"We are pleased that the Alberta Energy Regulator has approved
Northern Courier, which will be a critical piece of infrastructure to
support the long-term plans for growth and increased production from
the Alberta oil sands," said Russ Girling, TransCanada's president
and chief executive officer. "We currently expect construction on
Northern Courier to begin in the third quarter of 2014, with it being
ready for service by 2017."  
TransCanada was selected by Fort Hills Energy LP to design, build,
own and operate the $800 million Northern Courier Pipeline Project,
which is fully contracted under a long-term agreement. The
approximately 90-kilometre (56-mile) pipeline system will transport
bitumen and diluent products between the Fort Hills mine and bitumen
extraction facility and Suncor's East Tank Farm, located north of
Fort McMurray, Alberta. Northern Courier will consist of a 24-inch
diameter insulated steel pipeline to transport bitumen, and a 12-inch
diameter steel pipeline to transport diluent. 
Northern Courier is an important component of TransCanada's capital
growth plan, which includes $38 billion of commercially secured
projects expected to be completed by the end of the decade. Of these,
$3.5 billion in projects are planned to expand TransCanada's liquids
pipeline network in the province of Alberta, including the proposed
Grand Rapids and Heartland pipeline projects, and new storage
terminal facilities at Hardisty and in Alberta's Industrial Heartland
region northeast of Edmonton. We are committed to ensuring all of
these projects are built and operated safely, responsibly and with
minimal environmental impact. These projects are supported by strong
market fundamentals and underpinned by long-term contracts or the
revenue stability of regulated business models. 
For more information about Northern Courier, visit:
www.transcanada.com/northern-courier-pipeline-project.html 
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",
"believe", "may", "will", "should", "estimate", "intend" 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 plans and financial outlook. All
forward-looking statements reflect TransCanada's beliefs and
assumptions based on information available at the time the statements
were made and as such are not guarantees of future performance.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. 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 the Quarterly Report to Shareholders
dated May 1, 2014 and 2013 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. 
Contacts:
TransCanada Media Enquiries:
Shawn Howard/Davis Sheremata
403.920.7859 or 800.608.7859 
TransCanada Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
 
 
Press spacebar to pause and continue. Press esc to stop.