WB XPress Project’s Eastern Build Placed Into Service
November 15 2018 - 9:15AM
News Release -- TransCanada Corporation (TSX: TRP) (NYSE: TRP)
(TransCanada) today announced the Eastern Build of WB XPress (WBX)
has been placed into service, completing the final phase of a
critical natural gas infrastructure project that provides
Appalachian producers with access to Mid-Atlantic markets.
“The completion of WB XPress marks another significant milestone
for TransCanada as we continue to deliver on our commitment of
creating high-value takeaway capacity for our customers,” said
Stanley Chapman III, executive vice president & president, U.S.
Natural Gas Pipelines. “WBX is a significant piece of a
transformational expansion period for our U.S. gas business, one in
which we are placing more than US$7 billion of capital investments
into service.”
The Eastern Build of WBX spans various counties in West Virginia
and Virginia and is designed to move approximately 0.5 billion
cubic feet (Bcf/d) of natural gas per day. The build also included
construction of the Chantilly Compressor station in Chantilly,
Virginia, along with associated pipeline and facilities.
Last month, WBX’s Western Build was placed into service. In
total, 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 pipeline
looping and modifications to seven existing compressor stations,
allowing an additional 1.3 Bcf/d of natural gas to flow. The
project is part of TransCanada’s $36 billion portfolio of
commercially secured projects underway for completion through
2023.
Throughout the project, TransCanada representatives worked
closely with federal regulators, landowners and numerous state and
local officials to ensure they were a part of the process from
construction to completion. WBX was designed and constructed with a
core focus on safety and minimizing environmental impact.
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 5,700 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
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 October 31, 2018 and the
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: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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