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TransCanada: Contract Signed to Build Napanee Generating Station
Published : December 17, 2012
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CALGARY, ALBERTA--(Marketwire - Dec. 17, 2012) - TransCanada Corporation (News - Market indicators) (NYSE:TRP) (TransCanada) announced today it has signed a contract with the Ontario Power Authority (OPA) to develop, own and operate a new 900-megawatt (MW) natural gas-fired power plant. The facility will be located at Ontario Power Generation's Lennox Generating Station property in the town of Greater Napanee in eastern Ontario.

"The contract signing will allow TransCanada to move forward with our plans to provide a reliable source of electricity to the people of Ontario," said Russ Girling, TransCanada's president and chief executive officer. "We will take the necessary steps to ensure this is an environmentally responsible project and will also focus on the safety of the community, our employees and being a good neighbour."

Construction of this 900-MW facility will mean an investment of millions of dollars in the local community that supports the creation of approximately 600 construction jobs and an expected 25 long-term jobs resulting in approximately $4 million in annual salaries and benefits. The power plant will contribute to the local tax base each year, providing officials with the ability to invest those dollars locally.

We are committed to building, operating and maintaining our power plants safely. The safety of our employees, our facility neighbours and the public are top priorities for TransCanada. Our corporate safety performance is regularly amongst the highest in our industry. In addition, this new, clean burning, natural gas fired plant would use leading edge environmental technologies to control emissions.

The details of the contract are based on terms of the memoranda of understanding that were signed in late September. The Napanee power plant will act as a replacement facility for one that was planned in the community of Oakville. It will operate under a 20-year power purchase arrangement with the OPA that will generate stable earnings and cash flow over the next two decades.

TransCanada currently operates the 683-MW Halton Hills Generating Station in Ontario, has a 50 per cent ownership in the 550-MW Portlands Energy Centre on the Toronto waterfront and has agreed to purchase nine Ontario solar plants that would produce 86 MW of clean energy. We also own a large portion of the Bruce Power nuclear facility - 49 per cent of Bruce A and 32 per cent of Bruce B. Bruce Power consists of two generating stations (Bruce A & B) with each station housing four nuclear reactors with an overall power output of 6,200 MW.

With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,500 kilometres (42,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with approximately 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: http://www.transcanada.com/ or check us out on Twitter @TransCanada.

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", "would" 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 financial and operation plans and outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward-looking information. 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 TransCanada's Management's Discussion and Analysis filed February 15, 2012 under TransCanada's profile on SEDAR at www.sedar.com and other reports filed by TransCanada with Canadian securities regulators and with the U.S. Securities and Exchange Commission.



TransCanada
Media Enquiries:
Shawn Howard/Grady Semmens
403.920.7859 or 800.608.7859
or
TransCanada
Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
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Transcanada Pipelines Ltd.

CODE : TRP.TO
ISIN : CA89353D1078
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Annual reports of Transcanada Pipelines Ltd.
Releases 2009 Annual Report to Shareholders
Financings of Transcanada Pipelines Ltd.
7/28/2011Declares Quarterly Dividends
Nominations of Transcanada Pipelines Ltd.
6/19/2013Appoints New Independent Director
2/6/2012Announces the Appointment of New Independent Director
Financials of Transcanada Pipelines Ltd.
10/22/2013to Issue Third Quarter 2013 Financial Results November 5
7/12/2013to Issue Second Quarter 2013 Financial Results July 26
7/12/2013to Issue Second Quarter 2013 Financial Results July 26
4/12/2013to Hold Shareholders' Annual Meeting and Issue 2013 First Qu...
1/29/2013to Issue Fourth Quarter 2012 Financial Results February 12
10/16/2012to Issue Third Quarter 2012 Financial Results October 30
4/27/2012Reports First Quarter Results, Bruce Power Refurbishment Nea...
4/16/2012to Hold Shareholders' Annual Meeting Issue 2012 First Quarte...
10/17/2011to Issue 2011 Third Quarter Financial Results And Hold Telec...
7/18/2011to Issue 2011 Second Quarter Financial Results and Hold Tele...
4/15/2011to Hold Annual Meeting of Shareholders and Issue First Quart...
Corporate news of Transcanada Pipelines Ltd.
11/5/2013Declares Quarterly Dividends
10/15/2013Recognizes 4,844 Workers as Major Construction on Gulf Coast...
10/7/2013Alaska LNG Project Selects Lead Terminal Location
10/2/2013Adds Two More Solar Power Facilities
9/10/2013D: New Numbers for TransCanada Release of Report on Jobs and...
8/12/2013Reaches Settlement on NGTL System
8/6/2013to Proceed with $1.5 Billion North Montney Extension
8/1/2013to Hold News Conference to Discuss Energy East Pipeline Proj...
7/26/2013Declares Quarterly Dividends
7/2/2013Expands Renewable Energy Portfolio, Acquires Brockville 1 So...
6/27/2013Prestigious, Non-Partisan Scientific Organization Finds Dilu...
6/12/2013to Release 367 Nebraska Pipeline Easements
6/12/2013to Release 367 Nebraska Pipeline Easements
5/15/2013to Sell 45% Interest in GTN and Bison Pipelines to TC PipeLi...
4/26/2013Reports First Quarter Results, Continues to Advance $25 Bill...
4/18/2013Declares Series 7 Preferred Share Dividend
4/2/2013Launches Binding Open Season for Eastern Oil Pipeline
3/28/2013Statement Regarding NEB Decision on Canadian Mainline Restru...
3/22/2013Director Retires
3/12/2013to Present at FirstEnergy Capital and Societe Generale East ...
3/1/2013Keystone XL Draft Supplemental Environmental Impact Statemen...
2/25/2013Announces Preferred Share Issue
2/12/2013Reports 2012 Comparable Earnings of $1.3 Billion
1/22/2013Welcomes Approval of Keystone XL Pipeline Route Through Nebr...
1/17/2013to Present at CIBC World Markets Whistler Institutional Inve...
1/7/2013Nebraska Evaluation Report on Keystone XL Re-Route Released
12/17/2012Contract Signed to Build Napanee Generating Station
12/17/2012Contract Signed to Build Napanee Generating Station
11/20/2012Acquires Crossfield Gas Storage Facility and CrossAlta Marke...
10/29/2012and Phoenix Energy Holdings Ltd. Form Joint Venture to Devel...
10/24/2012Confirms Bruce Power's Unit 1 Return to Commercial Operation...
9/24/2012Agreement Reached to Develop Ontario Power Plant
9/5/2012Listens to Nebraskans
8/10/2012Statement Regarding the Acceptance of Bruce Power's Force Ma...
7/23/2012Media Advisory: TransCanada Commits More Than $80,000 to Loc...
7/16/2012MEDIA ADVISORY: TransCanada Announces New Community Partners...
7/6/2012Contributes More Than $355,000 to Community Partners in New ...
6/28/2012Statement Regarding Bruce Power Force Majeure
6/21/2012Does Not Endorse Mini-Tender Offer by TRC Capital
6/15/2012U.S. Department of State Confirms Keystone XL Q1 2013 Decisi...
6/5/2012Selected by Shell and Partners to Develop Multi-Billion Doll...
5/18/2012Bruce Power- Unit 2 Update
5/4/2012to Present at American Gas Association Financial Forum
3/16/2012Bruce Power Unit 2 Authorized to Begin Producing Power
2/24/2012Awarded Contract to Build US$500 Million Natural Gas Pipelin...
1/30/2012Top American Companies Highlight Importance of Keystone XL T...
1/17/2012to Present at CIBC World Markets Whistler Institutional Inve...
1/6/2012Donates $1 Million to Support Canadian Veterans Returning to...
12/15/2011Announces Additional Commitments to Keystone XL Following Su...
11/29/2011Cartier Wind Energy Delivering Additional Power to Quebec
11/10/2011to Work With Department of State on New Keystone XL Route Op...
10/31/2011Preeminent Law Firms Find Nebraska Pipeline Siting Legislati...
9/23/2011& Supporters to Discuss Why Keystone XL is in the National I...
9/9/2011Keystone XL Route Through Nebraska Safest Choice
9/1/2011Files Comprehensive Proposal to Reduce Mainline Tolls
8/26/2011Final Environmental Impact Statement Re-Affirms Limited Envi...
8/15/2011Launches Binding Open Season for Keystone Pipeline System Ex...
6/20/2011Announces Completion of the Guadalajara Pipeline
6/13/2011Contributes $75,000 to Red Cross
6/6/2011Keystone Now Operational
5/11/2011to Present at American Gas Association Financial Forum
4/26/2011to Sell 25% Interest in GTN and Bison to TC PipeLines, LP
4/21/2011Oklahoma's Governor and U.S. Senators Urge Secretary of Stat...
4/1/2011Importance of Keystone Pipeline Discussed by U.S. House of R...
3/15/2011Pleased That Keystone XL Regulatory Process Continues to Mov...
2/28/2011Mainline Interim Tolls Approved by National Energy Board
2/17/2011Releases 2010 Annual Report to Shareholders
4/29/2010The Alaska Pipeline Project Begins Its Open Season
10/21/2008REMINDER- TransCanada Investor Meetings Registration
10/13/2008Investor Meetings Registration
10/1/2008and TC PipeLines, LP: New York Investor Meeting
10/1/2008TCP test
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TORONTO (TRP.TO)
55.86+0.07%
TORONTO
CA$ 55.86
07/29 16:00 0.040
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