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TransCanada Applies for

Keystone XL Presidential Permit

January 26, 2017

TransCanada announced today it has

submitted a Presidential Permit application to

the U.S. Department of State for approval of the

Keystone XL (KXL) Pipeline.

"This privately funded infrastructure project

will help meet America’s growing energy

needs as well as create tens of thousands of

well-paying jobs and generate substantial

economic benefit throughout the U.S. and

Canada," said Russ Girling, TransCanada's

president and chief executive officer. “KXL will

strengthen the United States’ energy security

and remains in the national interest. The

project is an important new piece of modern

U.S. infrastructure that secures access to an

abundant energy resource produced by a

neighbor that shares a commitment to a clean

and healthy environment. Numerous studies

have shown that pipelines are a safer and more

environmentally sound way to transport oil to

market than trains and KXL raises the bar on

both fronts, ” concluded Girling.

Enhanced standards and the utilization of the

most advanced technology will help ensure

KXL will be built and operated to uphold our

fundamental commitment to safety and the

communities we serve. Independent forecasts

by the U.S. Department of State estimate that

KXL will support tens of thousands of direct

and indirect jobs and associated income during

construction and contribute approximately $3.4

Billion to U.S. GDP. TransCanada employees

live in 38 states where the company operates

in across the U.S. The company is committed

to working productively with all stakeholders

and tribal leaders as this project moves

forward. KXL will benefit American workers,

their families and the communities they live in

as well as the U.S. economy. During

construction, in Nebraska, South Dakota and

Montana alone, KXL will generate hundreds of

millions of dollars in employee earnings as

well as tens of millions of dollars annually in

local tax revenues providing much needed funds for community schools, hospitals, first responders and roads. 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 a network of natural gas pipelines that extends more than 90,300 kilometres (56,100 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 664 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in over 10,700 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 extend over 4,300 kilometres (2,700 miles), connecting growing continental oil supplies to key markets and refineries.

Reported by TransCanada News Updates: