TransCanada Evaluating Nebraska PSC Decision On Keystone XL
OMAHA, NEBRASKA--(Marketwired - Nov. 20, 2017) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada)
confirmed today that the Nebraska Public Service Commission (PSC) has approved an alternative route for the proposed Keystone XL
Pipeline project through the state. TransCanada is evaluating the PSC's decision.
"As a result of today's decision, we will conduct a careful review of the Public Service Commission's ruling while assessing
how the decision would impact the cost and schedule of the project," said Russ Girling, TransCanada's president and chief
executive officer.
Apart from Keystone XL, TransCanada will continue to advance its $24 billion near-term capital program in addition to other
longer-term opportunities. TransCanada's portfolio of high quality projects is expected to generate growth in earnings and cash
flow to support an expected annual dividend growth rate at the upper end of an eight to 10 percent range through 2020.
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 91,500 kilometres (56,900 miles), tapping into virtually
all major gas supply basins in North America. TransCanada is the continent's 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 6,200 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 4,800 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.
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 November 8, 2017 and
2016 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.