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TransCanada to Host Open Houses for Proposed Keystone Pipeline
CALGARY, Alberta – April 13, 2006 – TransCanada Corporation (TransCanada) will host a series of open house meetings in April and May to provide stakeholders along portions of the proposed corridor of the Keystone Pipeline with information and updates about the crude oil pipeline project and to solicit feedback. The Keystone Pipeline would transport reliable North American oil supplies to help meet rising demand for energy.
Open house meetings will be held in Alberta, Saskatchewan and Manitoba. At the meetings landowners, public officials and other affected stakeholders will be able to obtain information on topics such as the need for the Keystone Pipeline, detailed information on routing, environmental assessments, pipeline easements, pipeline design, construction activities and schedules, land restoration, public consultation efforts, and pipeline operations and safety. The public is welcome to drop by the open houses to learn more about the project from members of the Keystone project team and to provide feedback.
TransCanada has also begun to meet with potentially affected landowners and landowners adjacent to the proposed pipeline route on an individual basis.
This is the second round of open house meetings TransCanada has held on the Keystone Pipeline project and is intended to complement meetings held in November and December 2005.
The proposed 2,960-kilometre, US$2.1 billion Keystone Pipeline would have an initial capacity of approximately 435,000 barrels of oil per day from an oil supply-hub near Hardisty, Alberta to markets at Wood River and Patoka, Illinois. In Canada, the Keystone project would require the conversion of 860 kilometres of existing TransCanada pipeline from natural gas to crude oil in Alberta, Saskatchewan and Manitoba, as well as the construction of 370 kilometres of new pipe in Alberta and Manitoba. In the U.S., the project will require the construction of nearly 1,730 kilometres of new pipe.
Public and stakeholder consultation and detailed environmental assessments and field studies along with engineering work will continue throughout 2006. Major regulatory applications are currently being prepared for submission. Construction would start in 2008, with commercial operations expected to begin by the fourth quarter of 2009.
To view a map of the proposed pipeline route and obtain other information about the Keystone Pipeline, please visit the project web page at www.transcanada.com/keystone. The Keystone Pipeline toll-free number is 1-866-717-7473.
Keystone Pipeline Open Houses for landowners and the general public will be held from 4:00 to 8:00 p.m.
Open Houses will be held in the following communities:
Tuesday, April 25 – Hardisty, AB
Wednesday, April 26 – Bindloss, AB
Wednesday, May 3 – Brookdale, MB
Thursday, April 27 - Swift Current, SK
Tuesday, May 2 – Grenfell, SK
TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. TransCanada’s network of more than 25,600 miles (41,000 kilometres) of pipeline transports the majority of Western Canada’s natural gas production to key Canadian and U.S. markets. A growing independent power producer, TransCanada owns, or has interests in, approximately 6,700 megawatts of power generation in Canada and the United States. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP.
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(403) 920-7859 or Toll Free (800) 608-7859
Investor & Analyst Inquiries:
David Moneta/Myles Dougan