CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada)
announced today that it will move forward with a proposed $140-million expansion of its NOVA Gas Transmission Ltd. (NGTL) System
following the successful completion in March of an expansion capacity open season for incremental firm export delivery service at
the Empress/McNeill Export Delivery Point.
Shippers have executed binding agreements for 280 million cubic feet per day (MMcf/d) of incremental firm delivery service that
will commence November 2021. The average term of the contracts awarded for the expansion capacity is 22 years. NGTL also
concurrently executed incremental intra-basin firm delivery service contracts with other shippers for an aggregate volume of 75
MMcf/d that contribute to the need for the new facilities.
"The successful open season for incremental export capacity demonstrates the significant continued
interest of parties in the Western Canadian Sedimentary Basin to secure access to high value downstream markets,” said Tracy
Robinson, TransCanada's senior vice-president and general manager, Canadian Gas Pipelines. “TransCanada remains firmly committed to
providing our customers timely and reliable access to these markets through appropriate facility expansions and competitive service
offerings.”
This new investment is a component of NGTL’s $7.3-billion multi-year infrastructure expansion program that will increase
transportation capacity for Western Canada producers and provide downstream markets increased access to clean-burning natural
gas.
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 April 26, 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 Inquiries:
Terry Cunha
800.608.7859
TransCanada Investor & Analyst Inquiries:
David Moneta / Duane Alexander
403.920.7911 or 800.361.6522
