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Transcanada Corporation News Release Dated November 6, 2015 Release Obama Denies Keystone XL Permit

The following excerpt is from the company's SEC filing.

TransCanada Will Review Its Options

Calgary, Alberta –

– TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced it will review all of its options in light of a permit denial for Keystone XL. Those options include filing a new application to receive a Presidential Permit for a cross border crude oil pipeline from Canada to the United States.

“TransCanada and its shippers remain absolutely committed to building this important energy infrastructure project,” said Russ Girling, TransCanada’s president and chief executive officer. “We will review our option s to potentially file a new application for border-crossing authority to ship our customer’s crude oil, and will now analyze the stated rationale for the denial.”

Girling points out that TransCanada continues to have the support of American and Canadian workers, labor organizations, industry and most of all, the American and Canadian people. He adds with their continued support, the company believes that a pipeline will eventually be built as this is the safest, most economically efficient means of getting crude oil to market.

****A statement from Mr. Girling will be issued shortly.

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...


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