CALGARY, Alberta , March 01, 2018 (GLOBE NEWSWIRE) — Media Advisory — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has launched a new Open Season on its NOVA Gas Transmission Ltd. (NGTL) System for binding expansion capacity commitments at the Empress/McNeill Export Delivery Point. The Open Season is for an estimated 280 million cubic feet per day of firm service, commencing in November 2021.
This capacity offering follows a successful Open Season that was completed in January 2018 for 1.0 Bcf/d of expansion capacity at the same delivery point, with service commencing between November 2020 and April 2021, and underpinning a recently announced $2.4 billion NGTL System expansion. This earlier Open Season was oversubscribed and industry has expressed strong interest for additional market access.
This new Open Season will begin on March 1, 2018, and close on March 15, 2018.
With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in approximately 6,100 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com to learn more, or connect with us on social media and 3BL Media.
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TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
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