WB XPress Project’s Western Build Placed Into Service
05 October 2018 - 11:00PM
TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today
announced it has placed the Western Build of its WB XPress (WBX)
project into service.
“WB XPress provides an attractive outlet for our
producer customers, creating significant new takeaway capacity
in Appalachia,” said Stan Chapman, executive vice president &
president, U.S. Natural Gas Pipelines. “We are pleased to deliver
on the first phase of this project and look forward to placing the
Eastern Build in-service later this year.”
The Western Build of WBX is designed to move approximately 760
million cubic feet of natural gas per day to a delivery point on
Tennessee Gas Pipeline’s Broad Run System for transportation to the
Gulf Coast. Highlights of the project include construction of the
Elk River Compressor Station in Clendenin, West Virginia, along
with associated pipeline and facilities.
WBX is an approximate US$900 million investment, upgrading and
enhancing an existing TransCanada pipeline system that has been
safely serving customers for over 60 years. The project includes
two new compressor stations, 30 miles (48 kilometres) of greenfield
pipeline and modifications to seven existing pipelines, allowing an
additional 1.3 billion cubic feet of natural gas to flow through
the system per day. The project is part of TransCanada’s $28
billion near-term growth portfolio that includes US$8 billion in
natural gas pipelines in the United States.
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.
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 August 2, 2018 and 2017 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.
Media Enquiries:Scott Castleman304.357.2128 or
800.608.7859
TransCanada Investor & Analyst
Inquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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